Zhejiang Cayi Vacuum Container Co (SZSE:301004) Days Sales Outstanding : 34.47 (As of Mar. 2024)

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What is Zhejiang Cayi Vacuum Container Co Days Sales Outstanding?

Zhejiang Cayi Vacuum Container Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥163 Mil. Zhejiang Cayi Vacuum Container Co's Revenue for the three months ended in Mar. 2024 was ¥432 Mil. Hence, Zhejiang Cayi Vacuum Container Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 34.47.

The historical rank and industry rank for Zhejiang Cayi Vacuum Container Co's Days Sales Outstanding or its related term are showing as below:

SZSE:301004' s Days Sales Outstanding Range Over the Past 10 Years
Min: 26.11 Med: 39.94 Max: 57.72
Current: 32.19

During the past 7 years, Zhejiang Cayi Vacuum Container Co's highest Days Sales Outstanding was 57.72. The lowest was 26.11. And the median was 39.94.

SZSE:301004's Days Sales Outstanding is ranked better than
93.63% of 377 companies
in the Packaging & Containers industry
Industry Median: 69.1 vs SZSE:301004: 32.19

Zhejiang Cayi Vacuum Container Co's Days Sales Outstanding declined from Mar. 2023 (41.61) to Mar. 2024 (34.47).

Zhejiang Cayi Vacuum Container Co Days Sales Outstanding Historical Data

The historical data trend for Zhejiang Cayi Vacuum Container 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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Zhejiang Cayi Vacuum Container Co Days Sales Outstanding Chart

Zhejiang Cayi Vacuum Container Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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41.16

57.72

38.55

26.11

29.27

Zhejiang Cayi Vacuum Container 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															41.61	34.79	34.78	32.69	34.47

Competitive Comparison of Zhejiang Cayi Vacuum Container Co's Days Sales Outstanding

For the Packaging & Containers subindustry, Zhejiang Cayi Vacuum Container 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.

Zhejiang Cayi Vacuum Container Co's Days Sales Outstanding Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Zhejiang Cayi Vacuum Container Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Zhejiang Cayi Vacuum Container Co's Days Sales Outstanding falls into.

Zhejiang Cayi Vacuum Container 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.

Zhejiang Cayi Vacuum Container 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
=	( (119.644	+	165.118)	/	2 )	/	1775.402	*	365
=	142.381					/	1775.402	*	365
=	29.27

Zhejiang Cayi Vacuum Container 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
=	( (165.118	+	161.327)	/	2 )	/	432.075	*	365 / 4
=	163.2225					/	432.075	*	365 / 4
=	34.47

Zhejiang Cayi Vacuum Container Co (SZSE:301004) Days Sales Outstanding Explanation

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

Zhejiang Cayi Vacuum Container Co Days Sales Outstanding Related Terms

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Zhejiang Cayi Vacuum Container Co (SZSE:301004) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Zhejiang Cayi Vacuum Container Co Ltd (SZSE:301004) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Baiyang Industrial Zone, Economic Development Zone, Zhejiang Province, Wuyi County, Jinhua, CHN, 321200

Website

http://www.cayigroup.com

Zhejiang Cayi Vacuum Container Co Ltd is engaged in the research and development, design, production and sales of various beverage and food containers of different materials.

Executives

Hu Ling Hui	Directors, executives
Gu Dai Hua	Directors, executives

Zhejiang Cayi Vacuum Container Co (SZSE:301004) Headlines

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