Jiangsu Hongde Special Parts Co (SZSE:301163) Days Sales Outstanding : 87.75 (As of Mar. 2024)

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What is Jiangsu Hongde Special Parts Co Days Sales Outstanding?

Jiangsu Hongde Special Parts Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥125.9 Mil. Jiangsu Hongde Special Parts Co's Revenue for the three months ended in Mar. 2024 was ¥130.9 Mil. Hence, Jiangsu Hongde Special Parts Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 87.75.

The historical rank and industry rank for Jiangsu Hongde Special Parts Co's Days Sales Outstanding or its related term are showing as below:

SZSE:301163' s Days Sales Outstanding Range Over the Past 10 Years
Min: 80.21 Med: 87.51 Max: 98.9
Current: 87.06

During the past 7 years, Jiangsu Hongde Special Parts Co's highest Days Sales Outstanding was 98.90. The lowest was 80.21. And the median was 87.51.

SZSE:301163's Days Sales Outstanding is ranked worse than
56.63% of 2947 companies
in the Industrial Products industry
Industry Median: 79.82 vs SZSE:301163: 87.06

Jiangsu Hongde Special Parts Co's Days Sales Outstanding increased from Mar. 2023 (80.93) to Mar. 2024 (87.75).

Jiangsu Hongde Special Parts Co Days Sales Outstanding Historical Data

The historical data trend for Jiangsu Hongde Special 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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Jiangsu Hongde Special Parts Co Days Sales Outstanding Chart

Jiangsu Hongde Special Parts Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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93.74

88.75

83.04

80.21

84.30

Jiangsu Hongde Special Parts Co Quarterly Data
	Dec17	Dec18	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															80.93	80.87	92.50	93.05	87.75

Competitive Comparison of Jiangsu Hongde Special Parts Co's Days Sales Outstanding

For the Metal Fabrication subindustry, Jiangsu Hongde Special 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.

Jiangsu Hongde Special Parts Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Hongde Special Parts Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Jiangsu Hongde Special Parts Co's Days Sales Outstanding falls into.

Jiangsu Hongde Special 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.

Jiangsu Hongde Special 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
=	( (181.638	+	140.334)	/	2 )	/	697.044	*	365
=	160.986					/	697.044	*	365
=	84.30

Jiangsu Hongde Special 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
=	( (140.334	+	111.437)	/	2 )	/	130.907	*	365 / 4
=	125.8855					/	130.907	*	365 / 4
=	87.75

Jiangsu Hongde Special Parts Co (SZSE:301163) Days Sales Outstanding Explanation

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

Jiangsu Hongde Special Parts Co Days Sales Outstanding Related Terms

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Jiangsu Hongde Special Parts Co (SZSE:301163) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Hongde Special Parts Co Ltd (SZSE:301163) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

Group 4, Qiqiao Village, Xingren Town, Tongzhou District, Jiangsu Province, Nantong, CHN, 226352

Website

http://www.nt-casting.com

Jiangsu Hongde Special Parts Co Ltd develops and produces cast iron products and cast aluminum products. The company mainly produces key castings for wind power, pumps and valves, key parts of medical equipment CT machines and other castings and machining and other varieties.

Executives

Chen Li Xin

Supervisors

Jiangsu Hongde Special Parts Co (SZSE:301163) Headlines

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