GKG Precision Machine Co (SZSE:301338) Days Sales Outstanding : 111.03 (As of Mar. 2024)

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What is GKG Precision Machine Co Days Sales Outstanding?

GKG Precision Machine Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥188.0 Mil. GKG Precision Machine Co's Revenue for the three months ended in Mar. 2024 was ¥154.5 Mil. Hence, GKG Precision Machine Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 111.03.

The historical rank and industry rank for GKG Precision Machine Co's Days Sales Outstanding or its related term are showing as below:

SZSE:301338' s Days Sales Outstanding Range Over the Past 10 Years
Min: 62.88 Med: 96.21 Max: 105.59
Current: 79.03

During the past 7 years, GKG Precision Machine Co's highest Days Sales Outstanding was 105.59. The lowest was 62.88. And the median was 96.21.

SZSE:301338's Days Sales Outstanding is ranked better than
50.73% of 2951 companies
in the Industrial Products industry
Industry Median: 79.82 vs SZSE:301338: 79.03

GKG Precision Machine Co's Days Sales Outstanding declined from Mar. 2023 (137.86) to Mar. 2024 (111.03).

GKG Precision Machine Co Days Sales Outstanding Historical Data

The historical data trend for GKG Precision Machine 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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GKG Precision Machine Co Days Sales Outstanding Chart

GKG Precision Machine Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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105.59

91.55

62.88

76.37

96.21

GKG Precision Machine Co Quarterly Data
	Dec17	Dec18	Dec19	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														137.86	73.00	104.80	58.38	111.03

Competitive Comparison of GKG Precision Machine Co's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, GKG Precision Machine 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.

GKG Precision Machine Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, GKG Precision Machine Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where GKG Precision Machine Co's Days Sales Outstanding falls into.

GKG Precision Machine 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.

GKG Precision Machine 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
=	( (192.394	+	197.724)	/	2 )	/	740.021	*	365
=	195.059					/	740.021	*	365
=	96.21

GKG Precision Machine 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
=	( (197.724	+	178.248)	/	2 )	/	154.491	*	365 / 4
=	187.986					/	154.491	*	365 / 4
=	111.03

GKG Precision Machine Co (SZSE:301338) Days Sales Outstanding Explanation

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

GKG Precision Machine Co Days Sales Outstanding Related Terms

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GKG Precision Machine Co (SZSE:301338) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GKG Precision Machine Co Ltd (SZSE:301338) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

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Address

No. 2 Shalang Road, Dongcheng Street, Guangdong Province, Dongguan, CHN, 523000

Website

http://www.gkg.cn

GKG Precision Machine Co Ltd is a manufacturing and process solution provider focusing on the research and development, production, sales and service of high end precision automation equipment, and a national high-tech enterprise. The company owns Precision Solder Paste Printing Equipment Division, High Speed ??Precision Dispensing Equipment Division, Precision Packaging Equipment Division, and Flexible Manufacturing System Division.

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