Hit Welding Industry Co (SZSE:301137) Days Sales Outstanding : 79.00 (As of Sep. 2024)

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What is Hit Welding Industry Co Days Sales Outstanding?

Hit Welding Industry Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥326 Mil. Hit Welding Industry Co's Revenue for the three months ended in Sep. 2024 was ¥377 Mil. Hence, Hit Welding Industry Co's Days Sales Outstanding for the three months ended in Sep. 2024 was 79.00.

The historical rank and industry rank for Hit Welding Industry Co's Days Sales Outstanding or its related term are showing as below:

SZSE:301137' s Days Sales Outstanding Range Over the Past 10 Years
Min: 51.08 Med: 59.13 Max: 89.48
Current: 74.15

During the past 7 years, Hit Welding Industry Co's highest Days Sales Outstanding was 89.48. The lowest was 51.08. And the median was 59.13.

SZSE:301137's Days Sales Outstanding is ranked better than
56.39% of 2951 companies
in the Industrial Products industry
Industry Median: 80.11 vs SZSE:301137: 74.15

Hit Welding Industry Co's Days Sales Outstanding increased from Sep. 2023 (66.27) to Sep. 2024 (79.00).

Hit Welding Industry Co Days Sales Outstanding Historical Data

The historical data trend for Hit Welding Industry 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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Hit Welding Industry Co Days Sales Outstanding Chart

Hit Welding Industry Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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55.83

51.96

51.08

59.13

62.67

Hit Welding Industry Co Quarterly Data
	Dec18	Dec19	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															66.27	59.49	89.90	74.32	79.00

Competitive Comparison of Hit Welding Industry Co's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Hit Welding Industry 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.

Hit Welding Industry Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hit Welding Industry Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Hit Welding Industry Co's Days Sales Outstanding falls into.

Hit Welding Industry 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.

Hit Welding Industry 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
=	( (249.252	+	292.798)	/	2 )	/	1578.601	*	365
=	271.025					/	1578.601	*	365
=	62.67

Hit Welding Industry 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
=	( (319.917	+	332.177)	/	2 )	/	376.605	*	365 / 4
=	326.047					/	376.605	*	365 / 4
=	79.00

Hit Welding Industry Co (SZSE:301137) Days Sales Outstanding Explanation

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

Hit Welding Industry Co Days Sales Outstanding Related Terms

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Hit Welding Industry Co Business Description

Industry

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Address

Yaoguan Town, Wujin District, Jiangsu Province, Changzhou, CHN, 213102

Website

http://www.htw.cn

Hit Welding Industry Co Ltd is engaged in research and development, production and sales of various fusion welding materials. The company manufactures metal welding wire, special electrode, welding accessories, trackless guide permanent magnet wheel crawler type all-position autonomous crawling arc welding robot, hoisting machinery equipment manufacturing, and welding equipment.

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