Fuxin Dare Automotive Parts Co (SZSE:300473) Days Sales Outstanding : 60.33 (As of Mar. 2024)

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What is Fuxin Dare Automotive Parts Co Days Sales Outstanding?

Fuxin Dare Automotive Parts Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥700 Mil. Fuxin Dare Automotive Parts Co's Revenue for the three months ended in Mar. 2024 was ¥1,059 Mil. Hence, Fuxin Dare Automotive Parts Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 60.33.

The historical rank and industry rank for Fuxin Dare Automotive Parts Co's Days Sales Outstanding or its related term are showing as below:

SZSE:300473' s Days Sales Outstanding Range Over the Past 10 Years
Min: 55.45 Med: 63.8 Max: 101.87
Current: 55.45

During the past 13 years, Fuxin Dare Automotive Parts Co's highest Days Sales Outstanding was 101.87. The lowest was 55.45. And the median was 63.80.

SZSE:300473's Days Sales Outstanding is ranked better than
55.81% of 1265 companies
in the Vehicles & Parts industry
Industry Median: 60.04 vs SZSE:300473: 55.45

Fuxin Dare Automotive Parts Co's Days Sales Outstanding increased from Mar. 2023 (54.12) to Mar. 2024 (60.33).

Fuxin Dare Automotive Parts Co Days Sales Outstanding Historical Data

The historical data trend for Fuxin Dare Automotive Parts Co's Days Sales Outstanding can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Fuxin Dare Automotive Parts Co Days Sales Outstanding Chart

Fuxin Dare Automotive Parts Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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62.45

68.53

64.34

59.81

57.71

Fuxin Dare Automotive Parts Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															54.12	49.72	55.34	57.70	60.33

Competitive Comparison of Fuxin Dare Automotive Parts Co's Days Sales Outstanding

For the Auto Parts subindustry, Fuxin Dare Automotive Parts Co's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Fuxin Dare Automotive Parts Co's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Fuxin Dare Automotive Parts Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Fuxin Dare Automotive Parts Co's Days Sales Outstanding falls into.

Fuxin Dare Automotive Parts Co Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Fuxin Dare Automotive Parts Co's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (659.334	+	700.325)	/	2 )	/	4299.434	*	365
=	679.8295					/	4299.434	*	365
=	57.71

Fuxin Dare Automotive Parts Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (700.325	+	700.539)	/	2 )	/	1059.385	*	365 / 4
=	700.432					/	1059.385	*	365 / 4
=	60.33

Fuxin Dare Automotive Parts Co (SZSE:300473) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Fuxin Dare Automotive Parts Co Days Sales Outstanding Related Terms

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Fuxin Dare Automotive Parts Co (SZSE:300473) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fuxin Dare Automotive Parts Co Ltd (SZSE:300473) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No.55 East Road, Economic Development Zone, Liaoning Province, Fuxin, CHN, 123004

Website

http://www.fzb.com.cn

Fuxin Dare Automotive Parts Co Ltd is engaged in the development, manufacturing, and sales of automotive components. The core business of a is company Automotive and Industrial engineering field. Its products include pumps and electric pumps, motors, electronic control and automotive electronics, noise reduction (NVH) insulation and lightweight products. The products are used in steering, transmission, braking, automotive electronics, and body.

Fuxin Dare Automotive Parts Co (SZSE:300473) Headlines

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