New Guomai Digital Culture Co (SHSE:600640) Days Sales Outstanding : 68.50 (As of Mar. 2024)

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What is New Guomai Digital Culture Co Days Sales Outstanding?

New Guomai Digital Culture Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥383 Mil. New Guomai Digital Culture Co's Revenue for the three months ended in Mar. 2024 was ¥510 Mil. Hence, New Guomai Digital Culture Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 68.50.

The historical rank and industry rank for New Guomai Digital Culture Co's Days Sales Outstanding or its related term are showing as below:

SHSE:600640' s Days Sales Outstanding Range Over the Past 10 Years
Min: 28.03 Med: 65.77 Max: 88.28
Current: 62.42

During the past 13 years, New Guomai Digital Culture Co's highest Days Sales Outstanding was 88.28. The lowest was 28.03. And the median was 65.77.

SHSE:600640's Days Sales Outstanding is ranked worse than
58.13% of 375 companies
in the Telecommunication Services industry
Industry Median: 56.53 vs SHSE:600640: 62.42

New Guomai Digital Culture Co's Days Sales Outstanding declined from Mar. 2023 (97.59) to Mar. 2024 (68.50).

New Guomai Digital Culture Co Days Sales Outstanding Historical Data

The historical data trend for New Guomai Digital Culture 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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New Guomai Digital Culture Co Days Sales Outstanding Chart

New Guomai Digital Culture Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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76.71

79.18

61.82

62.38

83.38

New Guomai Digital Culture 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															97.59	63.31	64.04	63.81	68.50

Competitive Comparison of New Guomai Digital Culture Co's Days Sales Outstanding

For the Telecom Services subindustry, New Guomai Digital Culture 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.

New Guomai Digital Culture Co's Days Sales Outstanding Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, New Guomai Digital Culture Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where New Guomai Digital Culture Co's Days Sales Outstanding falls into.

New Guomai Digital Culture 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.

New Guomai Digital Culture 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
=	( (607.776	+	481.866)	/	2 )	/	2384.863	*	365
=	544.821					/	2384.863	*	365
=	83.38

New Guomai Digital Culture 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
=	( (481.866	+	284.353)	/	2 )	/	510.349	*	365 / 4
=	383.1095					/	510.349	*	365 / 4
=	68.50

New Guomai Digital Culture Co (SHSE:600640) Days Sales Outstanding Explanation

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

New Guomai Digital Culture Co Days Sales Outstanding Related Terms

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New Guomai Digital Culture Co (SHSE:600640) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » New Guomai Digital Culture Co Ltd (SHSE:600640) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

1207 Jiangning Road, Goldmine Building, Shanghai, CHN, 200060

Website

http://www.besttoneh.com

Besttone Holding Co Ltd is a China telecom company. It is engaged in Internet video content applications, games, digital reading, digital animation and new media, application distribution, point operations, business travel booking and hotel operation management.

Executives

Jiang Wen Min

senior management

New Guomai Digital Culture Co (SHSE:600640) Headlines

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