Hangzhou Heshun Technology Co (SZSE:301237) Days Sales Outstanding : 59.74 (As of Mar. 2024)

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What is Hangzhou Heshun Technology Co Days Sales Outstanding?

Hangzhou Heshun Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥65.6 Mil. Hangzhou Heshun Technology Co's Revenue for the three months ended in Mar. 2024 was ¥100.1 Mil. Hence, Hangzhou Heshun Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 59.74.

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

SZSE:301237' s Days Sales Outstanding Range Over the Past 10 Years
Min: 28.7 Med: 44.17 Max: 60.18
Current: 60.18

During the past 10 years, Hangzhou Heshun Technology Co's highest Days Sales Outstanding was 60.18. The lowest was 28.70. And the median was 44.17.

SZSE:301237's Days Sales Outstanding is ranked better than
54.28% of 1529 companies
in the Chemicals industry
Industry Median: 64.13 vs SZSE:301237: 60.18

Hangzhou Heshun Technology Co's Days Sales Outstanding declined from Mar. 2023 (87.79) to Mar. 2024 (59.74).

Hangzhou Heshun Technology Co Days Sales Outstanding Historical Data

The historical data trend for Hangzhou Heshun 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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Hangzhou Heshun Technology Co Days Sales Outstanding Chart

Hangzhou Heshun Technology Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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44.38

34.28

28.70

43.96

51.33

Hangzhou Heshun Technology 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															87.79	53.78	65.70	66.06	59.74

Competitive Comparison of Hangzhou Heshun Technology Co's Days Sales Outstanding

For the Specialty Chemicals subindustry, Hangzhou Heshun 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.

Hangzhou Heshun Technology Co's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hangzhou Heshun Technology Co's Days Sales Outstanding distribution charts can be found below:

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

Hangzhou Heshun 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.

Hangzhou Heshun 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
=	( (61.228	+	57.317)	/	2 )	/	421.502	*	365
=	59.2725					/	421.502	*	365
=	51.33

Hangzhou Heshun Technology 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
=	( (57.317	+	73.803)	/	2 )	/	100.148	*	365 / 4
=	65.56					/	100.148	*	365 / 4
=	59.74

Hangzhou Heshun Technology Co (SZSE:301237) Days Sales Outstanding Explanation

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

Hangzhou Heshun Technology Co Days Sales Outstanding Related Terms

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Hangzhou Heshun Technology Co (SZSE:301237) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hangzhou Heshun Technology Co Ltd (SZSE:301237) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 11, Liangzhan Road, Renhe Street, Room 512, 5th Floor, Building 1, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311107

Website

http://www.hzhssy.com

Hangzhou Heshun Technology Co Ltd is engaged in the research and development, production and sales of differentiated and functional biaxially oriented polyester film.

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