Guangdong Modern High-Tech Fiber Co (SZSE:300876) Days Sales Outstanding : 111.19 (As of Mar. 2024)

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What is Guangdong Modern High-Tech Fiber Co Days Sales Outstanding?

Guangdong Modern High-Tech Fiber Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥120.7 Mil. Guangdong Modern High-Tech Fiber Co's Revenue for the three months ended in Mar. 2024 was ¥99.1 Mil. Hence, Guangdong Modern High-Tech Fiber Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 111.19.

The historical rank and industry rank for Guangdong Modern High-Tech Fiber Co's Days Sales Outstanding or its related term are showing as below:

SZSE:300876' s Days Sales Outstanding Range Over the Past 10 Years
Min: 44.05 Med: 50.22 Max: 93.58
Current: 93.58

During the past 8 years, Guangdong Modern High-Tech Fiber Co's highest Days Sales Outstanding was 93.58. The lowest was 44.05. And the median was 50.22.

SZSE:300876's Days Sales Outstanding is ranked worse than
80% of 1030 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 52.78 vs SZSE:300876: 93.58

Guangdong Modern High-Tech Fiber Co's Days Sales Outstanding increased from Mar. 2023 (103.58) to Mar. 2024 (111.19).

Guangdong Modern High-Tech Fiber Co Days Sales Outstanding Historical Data

The historical data trend for Guangdong Modern High-Tech Fiber 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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Guangdong Modern High-Tech Fiber Co Days Sales Outstanding Chart

Guangdong Modern High-Tech Fiber Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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46.61

48.88

52.91

69.82

82.32

Guangdong Modern High-Tech Fiber Co Quarterly Data
	Dec18	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															103.58	88.09	91.79	93.71	111.19

Competitive Comparison of Guangdong Modern High-Tech Fiber Co's Days Sales Outstanding

For the Textile Manufacturing subindustry, Guangdong Modern High-Tech Fiber 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.

Guangdong Modern High-Tech Fiber Co's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Guangdong Modern High-Tech Fiber Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Guangdong Modern High-Tech Fiber Co's Days Sales Outstanding falls into.

Guangdong Modern High-Tech Fiber 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.

Guangdong Modern High-Tech Fiber 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
=	( (87.034	+	118.013)	/	2 )	/	454.585	*	365
=	102.5235					/	454.585	*	365
=	82.32

Guangdong Modern High-Tech Fiber 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
=	( (118.013	+	123.397)	/	2 )	/	99.06	*	365 / 4
=	120.705					/	99.06	*	365 / 4
=	111.19

Guangdong Modern High-Tech Fiber Co (SZSE:300876) Days Sales Outstanding Explanation

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

Guangdong Modern High-Tech Fiber Co Days Sales Outstanding Related Terms

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Guangdong Modern High-Tech Fiber Co (SZSE:300876) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Guangdong Modern High-Tech Fiber Co Ltd (SZSE:300876) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Xipian Industrial Zone, Jiedong City, Guangdong Province, Jieyang, CHN, 515500

Website

http://www.gdguangdong.com

Guangdong Modern High-Tech Fiber Co Ltd is engaged in production and sales of polypropylene fiber. The company's product categories include MODERNS PP Microfiber; Differential Fiber PP Yarn; PP intermingled FDY; PP Profiled Yarn; PP Twisted Yarn; PP BCF YARN; and PP ATY.

Executives

Zhu Shao Fen	Directors, executives
Zheng Xiao Yi	Executives

Guangdong Modern High-Tech Fiber Co (SZSE:300876) Headlines

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