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Joongang Advanced Materials Co (XKRX:051980) Days Sales Outstanding : 409.33 (As of Mar. 2024)


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What is Joongang Advanced Materials Co Days Sales Outstanding?

Joongang Advanced Materials Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₩16,643 Mil. Joongang Advanced Materials Co's Revenue for the three months ended in Mar. 2024 was ₩3,710 Mil. Hence, Joongang Advanced Materials Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 409.33.

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

XKRX:051980' s Days Sales Outstanding Range Over the Past 10 Years
Min: 69.24   Med: 108.22   Max: 237.56
Current: 141.72

During the past 13 years, Joongang Advanced Materials Co's highest Days Sales Outstanding was 237.56. The lowest was 69.24. And the median was 108.22.

XKRX:051980's Days Sales Outstanding is ranked worse than
77.52% of 218 companies
in the Medical Diagnostics & Research industry
Industry Median: 69.44 vs XKRX:051980: 141.72

Joongang Advanced Materials Co's Days Sales Outstanding increased from Mar. 2023 (109.66) to Mar. 2024 (409.33).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.


Joongang Advanced Materials Co Days Sales Outstanding Historical Data

The historical data trend for Joongang Advanced Materials 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.

Joongang Advanced Materials Co Days Sales Outstanding Chart

Joongang Advanced Materials Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 112.44 95.77 104.00 77.26 179.01

Joongang Advanced Materials Co Quarterly Data
Jun19 Sep19 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 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 Premium Member Only Premium Member Only Premium Member Only 109.66 82.35 134.12 93.51 409.33

Competitive Comparison of Joongang Advanced Materials Co's Days Sales Outstanding

For the Diagnostics & Research subindustry, Joongang Advanced Materials 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.


Joongang Advanced Materials Co's Days Sales Outstanding Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Joongang Advanced Materials Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Joongang Advanced Materials Co's Days Sales Outstanding falls into.



Joongang Advanced Materials 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.

Joongang Advanced Materials 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
=( (6908.44 + 18883.496) / 2 ) / 26295.374*365
=12895.968 / 26295.374*365
=179.01

Joongang Advanced Materials 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
=( (18883.496 + 14403.259) / 2 ) / 3710.243*365 / 4
=16643.3775 / 3710.243*365 / 4
=409.33

* 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.


Joongang Advanced Materials Co  (XKRX:051980) Days Sales Outstanding Explanation

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


Joongang Advanced Materials Co Days Sales Outstanding Related Terms

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Joongang Advanced Materials Co (XKRX:051980) Business Description

Traded in Other Exchanges
N/A
Address
Yangpyeong-eup, Gimpo, Han river 8, 20, Gimpo-si, KOR
Joongang Advanced Materials Co Ltd Formerly Joongang Dnm Co Ltd provides all the harmfulness, environmental hazard, and physico-chemical characteristic tests. The various tests provided by the company include Genotoxicity test, Antigenicity test, Immunotoxicity test, Dependency test and Carcinogenicity test among others.

Joongang Advanced Materials Co (XKRX:051980) Headlines

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