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Wetouch Technology (Wetouch Technology) Days Sales Outstanding : 411.03 (As of Dec. 2023)


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What is Wetouch Technology Days Sales Outstanding?

Wetouch Technology's average Accounts Receivable for the three months ended in Dec. 2023 was $10.69 Mil. Wetouch Technology's Revenue for the three months ended in Dec. 2023 was $2.37 Mil. Hence, Wetouch Technology's Days Sales Outstanding for the three months ended in Dec. 2023 was 411.03.

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

WETH' s Days Sales Outstanding Range Over the Past 10 Years
Min: 75.9   Med: 89.13   Max: 162.88
Current: 105.71

During the past 5 years, Wetouch Technology's highest Days Sales Outstanding was 162.88. The lowest was 75.90. And the median was 89.13.

WETH's Days Sales Outstanding is ranked worse than
76.82% of 1661 companies
in the Real Estate industry
Industry Median: 36.42 vs WETH: 105.71

Wetouch Technology's Days Sales Outstanding declined from Dec. 2022 (417.11) to Dec. 2023 (411.03).

Wetouch Technology Days Sales Outstanding Historical Data

The historical data trend for Wetouch Technology'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.

* Premium members only.

Wetouch Technology Days Sales Outstanding Chart

Wetouch Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
146.43 162.88 89.13 82.05 75.90

Wetouch Technology Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 417.11 75.22 96.61 114.41 411.03

Competitive Comparison of Wetouch Technology's Days Sales Outstanding

For the Real Estate Services subindustry, Wetouch Technology'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.

Wetouch Technology's Days Sales Outstanding Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Wetouch Technology's Days Sales Outstanding distribution charts can be found below:

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


Wetouch Technology 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.

Wetouch Technology'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
=( (9.058 + 7.455) / 2 ) / 39.706*365
=8.2565 / 39.706*365
=75.90

Wetouch Technology's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding (Q: Dec. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Sep. 2023 ) + Accounts Receivable (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )*Days in Period
=( (13.932 + 7.455) / 2 ) / 2.374*365 / 4
=10.6935 / 2.374*365 / 4
=411.03

* 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.

Wetouch Technology  (NAS:WETH) Days Sales Outstanding Explanation

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

Wetouch Technology Days Sales Outstanding Related Terms

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Wetouch Technology (Wetouch Technology) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Wetouch Technology Inc (NAS:WETH) » Definitions » Days Sales Outstanding
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LRHC ABCP GYRO NYC MDJH BRST MGAG OMH MHPC ZDPY CSGP CBRE XMAD:CLNX XTER:VNA BEKE TSE:8830 ADX:QHOLDING OSTO:AKEL D HKSE:01972 MIL:INW
Traded in Other Exchanges
N/A
Address
No. 29, Third Main Avenue, Shigao Town, Renshou County, Meishan, Sichuan, CHN, 620500
Website
https://www.wetouchinc.com
Wetouch Technology Inc is a touch panel supplier focused on R & D, production and sales of touch screen products. It offers touchscreens for a variety of applications, including GPS/car entertainment panels for automotive industry, industrial human-machine interface ("HMI"), financial and banking terminals, point of sale, lottery and gaming machines, smart home, robots and charging stations. The Company sells touchscreen products both domestically in China and internationally, covering majority areas in China, Taiwan, South Korea, and Germany.