Jiangsu New Technology Group Co (SZSE:301229) Days Sales Outstanding : 131.14 (As of Mar. 2024)

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What is Jiangsu New Technology Group Co Days Sales Outstanding?

Jiangsu New Technology Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥334.0 Mil. Jiangsu New Technology Group Co's Revenue for the three months ended in Mar. 2024 was ¥232.4 Mil. Hence, Jiangsu New Technology Group Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 131.14.

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

SZSE:301229' s Days Sales Outstanding Range Over the Past 10 Years
Min: 84.93 Med: 106.61 Max: 125.12
Current: 116.72

During the past 7 years, Jiangsu New Technology Group Co's highest Days Sales Outstanding was 125.12. The lowest was 84.93. And the median was 106.61.

SZSE:301229's Days Sales Outstanding is ranked worse than
90.1% of 1273 companies
in the Vehicles & Parts industry
Industry Median: 60.24 vs SZSE:301229: 116.72

Jiangsu New Technology Group Co's Days Sales Outstanding declined from Mar. 2023 (133.65) to Mar. 2024 (131.14).

Jiangsu New Technology Group Co Days Sales Outstanding Historical Data

The historical data trend for Jiangsu New Technology Group 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 New Technology Group Co Days Sales Outstanding Chart

Jiangsu New Technology Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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84.93

102.24

115.48

118.26

125.12

Jiangsu New Technology Group 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															133.65	121.68	107.90	113.16	131.14

Competitive Comparison of Jiangsu New Technology Group Co's Days Sales Outstanding

For the Auto Parts subindustry, Jiangsu New Technology Group 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 New Technology Group Co's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Jiangsu New Technology Group Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Jiangsu New Technology Group Co's Days Sales Outstanding falls into.

Jiangsu New Technology Group 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 New Technology Group 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
=	( (267.695	+	351.443)	/	2 )	/	903.064	*	365
=	309.569					/	903.064	*	365
=	125.12

Jiangsu New Technology Group 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
=	( (351.443	+	316.493)	/	2 )	/	232.384	*	365 / 4
=	333.968					/	232.384	*	365 / 4
=	131.14

Jiangsu New Technology Group Co (SZSE:301229) 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 New Technology Group Co Days Sales Outstanding Related Terms

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Jiangsu New Technology Group Co (SZSE:301229) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jiangsu New Technology Group Co Ltd (SZSE:301229) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 161 Songjiang Road, Huaiyin Economic Development Zone, Jiangsu Province, Huaian, CHN, 223300

Website

http://www.jsntg.com

Jiangsu New Technology Group Co Ltd is research and development, production and sales of aluminum casting parts and plastic parts in the fields of automotive suspension systems, automotive interior and exterior trim.

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