Shenzhen Ridge Technology Co (SZSE:300977) Days Sales Outstanding : 196.44 (As of Sep. 2024)

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What is Shenzhen Ridge Technology Co Days Sales Outstanding?

Shenzhen Ridge Technology Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥276.1 Mil. Shenzhen Ridge Technology Co's Revenue for the three months ended in Sep. 2024 was ¥128.2 Mil. Hence, Shenzhen Ridge Technology Co's Days Sales Outstanding for the three months ended in Sep. 2024 was 196.44.

The historical rank and industry rank for Shenzhen Ridge Technology Co's Days Sales Outstanding or its related term are showing as below:

SZSE:300977' s Days Sales Outstanding Range Over the Past 10 Years
Min: 126.33 Med: 146.18 Max: 218.73
Current: 205.93

During the past 8 years, Shenzhen Ridge Technology Co's highest Days Sales Outstanding was 218.73. The lowest was 126.33. And the median was 146.18.

SZSE:300977's Days Sales Outstanding is ranked worse than
87.25% of 1694 companies
in the Construction industry
Industry Median: 74.685 vs SZSE:300977: 205.93

Shenzhen Ridge Technology Co's Days Sales Outstanding declined from Sep. 2023 (226.39) to Sep. 2024 (196.44).

Shenzhen Ridge Technology Co Days Sales Outstanding Historical Data

The historical data trend for Shenzhen Ridge Technology 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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Shenzhen Ridge Technology Co Days Sales Outstanding Chart

Shenzhen Ridge Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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133.42

156.45

149.09

218.73

216.05

Shenzhen Ridge Technology Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Sales Outstanding	Get a 7-Day Free Trial															226.39	178.60	298.07	180.04	196.44

Competitive Comparison of Shenzhen Ridge Technology Co's Days Sales Outstanding

For the Engineering & Construction subindustry, Shenzhen Ridge Technology 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.

Shenzhen Ridge Technology Co's Days Sales Outstanding Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shenzhen Ridge Technology Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shenzhen Ridge Technology Co's Days Sales Outstanding falls into.

Shenzhen Ridge Technology 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.

Shenzhen Ridge Technology 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
=	( (320.893	+	260.722)	/	2 )	/	491.308	*	365
=	290.8075					/	491.308	*	365
=	216.05

Shenzhen Ridge Technology Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding (Q: Sep. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2024 )	+	Accounts Receivable (A: Sep. 2024 ))	/	count )	/	Revenue (A: Sep. 2024 )	*	Days in Period
=	( (277.362	+	274.777)	/	2 )	/	128.237	*	365 / 4
=	276.0695					/	128.237	*	365 / 4
=	196.44

Shenzhen Ridge Technology Co (SZSE:300977) Days Sales Outstanding Explanation

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

Shenzhen Ridge Technology Co Days Sales Outstanding Related Terms

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Shenzhen Ridge Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shenzhen Ridge Technology Co Ltd (SZSE:300977) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Yabao Road, Bantian Street, No. A3101, A3103, and A3108, Building A, No. 1, Longgang District, Guangdong Province, Shenzhen, CHN, 518129

Website

https://www.szridge.com

Shenzhen Ridge Technology Co Ltd specializes in third-party assessment, management and consulting services for construction projects.

Executives

Wu Xiao Ling

Director

Shenzhen Ridge Technology Co Headlines

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