Weiqiao Textile Co (Weiqiao Textile Co) Days Sales Outstanding : 6.36 (As of Jun. 2023)

View and export this data going back to 2010. Start your Free Trial

What is Weiqiao Textile Co Days Sales Outstanding?

Weiqiao Textile Co's average Accounts Receivable for the six months ended in Jun. 2023 was $39 Mil. Weiqiao Textile Co's Revenue for the six months ended in Jun. 2023 was $1,110 Mil. Hence, Weiqiao Textile Co's Days Sales Outstanding for the six months ended in Jun. 2023 was 6.36.

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

WQTEF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 7.96 Med: 9.75 Max: 14.22
Current: 8.21

During the past 13 years, Weiqiao Textile Co's highest Days Sales Outstanding was 14.22. The lowest was 7.96. And the median was 9.75.

WQTEF's Days Sales Outstanding is not ranked
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 53.335 vs WQTEF: 8.21

Weiqiao Textile Co's Days Sales Outstanding declined from Jun. 2022 (11.91) to Jun. 2023 (6.36).

Weiqiao Textile Co Days Sales Outstanding Historical Data

The historical data trend for Weiqiao Textile 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.

* Premium members only.

Weiqiao Textile Co Days Sales Outstanding Chart

Weiqiao Textile Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

Get a 7-Day Free Trial

9.43

10.13

10.42

9.89

9.63

Weiqiao Textile Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Sales Outstanding	Get a 7-Day Free Trial															10.46	10.89	11.91	9.09	6.36

Competitive Comparison of Weiqiao Textile Co's Days Sales Outstanding

For the Textile Manufacturing subindustry, Weiqiao Textile 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.

Weiqiao Textile Co's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Weiqiao Textile Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Weiqiao Textile Co's Days Sales Outstanding falls into.

Weiqiao Textile 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.

Weiqiao Textile Co's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (84.399	+	41.034)	/	2 )	/	2377.278	*	365
=	62.7165					/	2377.278	*	365
=	9.63

Weiqiao Textile Co's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding (Q: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (41.034	+	36.381)	/	2 )	/	1110.278	*	365 / 2
=	38.7075					/	1110.278	*	365 / 2
=	6.36

Weiqiao Textile Co (OTCPK:WQTEF) Days Sales Outstanding Explanation

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

Weiqiao Textile Co Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Weiqiao Textile Co's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Weiqiao Textile Co (Weiqiao Textile Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Weiqiao Textile Co Ltd (OTCPK:WQTEF) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

02698:Hong Kong WEZ:Germany

Address

No. 1, Wei Fang Road, Zouping Economic Development Zone, Zouping City, Shandong Province, Binzhou, CHN, 256200

Website

http://www.wqfz.com

Weiqiao Textile Co Ltd produces, sells, and distributes textiles including cotton yarn, grey fabric, and denim. Its geographical segment includes Mainland China, Southeast Asia, Hong Kong, South Asia, East Asia, and Other regions. The majority of the company's revenue is generated from Mainland China. It operates in two segments. The textile products segment produces and sells cotton yarn, grey fabric, and denim. The electricity and steam segment generates electricity and steam for internal use in the production of textile products and also for sale to external customers.

Weiqiao Textile Co (Weiqiao Textile Co) Headlines

No Headlines