China Machinery Huanyu Certification and Inspection Co (SZSE:301508) Days Sales Outstanding : 94.64 (As of Mar. 2024)

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What is China Machinery Huanyu Certification and Inspection Co Days Sales Outstanding?

China Machinery Huanyu Certification and Inspection Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥175.4 Mil. China Machinery Huanyu Certification and Inspection Co's Revenue for the three months ended in Mar. 2024 was ¥169.1 Mil. Hence, China Machinery Huanyu Certification and Inspection Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 94.64.

The historical rank and industry rank for China Machinery Huanyu Certification and Inspection Co's Days Sales Outstanding or its related term are showing as below:

SZSE:301508' s Days Sales Outstanding Range Over the Past 10 Years
Min: 70.45 Med: 74.52 Max: 98.29
Current: 86.65

During the past 5 years, China Machinery Huanyu Certification and Inspection Co's highest Days Sales Outstanding was 98.29. The lowest was 70.45. And the median was 74.52.

SZSE:301508's Days Sales Outstanding is ranked worse than
76.92% of 1040 companies
in the Business Services industry
Industry Median: 58.475 vs SZSE:301508: 86.65

China Machinery Huanyu Certification and Inspection Co's Days Sales Outstanding increased from Mar. 2023 (78.99) to Mar. 2024 (94.64).

China Machinery Huanyu Certification and Inspection Co Days Sales Outstanding Historical Data

The historical data trend for China Machinery Huanyu Certification and Inspection 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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China Machinery Huanyu Certification and Inspection Co Days Sales Outstanding Chart

China Machinery Huanyu Certification and Inspection Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

98.29

82.91

74.52

70.45

72.37

China Machinery Huanyu Certification and Inspection Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial							78.99	80.91	99.47	77.93	94.64

Competitive Comparison of China Machinery Huanyu Certification and Inspection Co's Days Sales Outstanding

For the Specialty Business Services subindustry, China Machinery Huanyu Certification and Inspection 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.

China Machinery Huanyu Certification and Inspection Co's Days Sales Outstanding Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, China Machinery Huanyu Certification and Inspection Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where China Machinery Huanyu Certification and Inspection Co's Days Sales Outstanding falls into.

China Machinery Huanyu Certification and Inspection 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.

China Machinery Huanyu Certification and Inspection 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
=	( (129.037	+	169.863)	/	2 )	/	753.72	*	365
=	149.45					/	753.72	*	365
=	72.37

China Machinery Huanyu Certification and Inspection 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
=	( (169.863	+	180.942)	/	2 )	/	169.116	*	365 / 4
=	175.4025					/	169.116	*	365 / 4
=	94.64

China Machinery Huanyu Certification and Inspection Co (SZSE:301508) Days Sales Outstanding Explanation

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

China Machinery Huanyu Certification and Inspection Co Days Sales Outstanding Related Terms

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China Machinery Huanyu Certification and Inspection Co (SZSE:301508) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Machinery Huanyu Certification and Inspection Co Ltd (SZSE:301508) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 32, Tianrong Street, Beizangcun Town, Daxing, Beijing, CHN, 102609

Website

http://www.cmhci.com.cn

China Machinery Huanyu Certification and Inspection Co Ltd provides Product inspection and testing services for complete automobiles, military equipment, engineering machinery, special equipment, civil aviation ground equipment, parts and components, as well as certification services such as product certification, system certification and service certification.

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