Wuxi Chemical Equipment Co (SZSE:001332) Days Sales Outstanding : 160.81 (As of Mar. 2024)

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What is Wuxi Chemical Equipment Co Days Sales Outstanding?

Wuxi Chemical Equipment Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥354 Mil. Wuxi Chemical Equipment Co's Revenue for the three months ended in Mar. 2024 was ¥201 Mil. Hence, Wuxi Chemical Equipment Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 160.81.

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

SZSE:001332' s Days Sales Outstanding Range Over the Past 10 Years
Min: 64.85 Med: 85.18 Max: 145.18
Current: 114.9

During the past 11 years, Wuxi Chemical Equipment Co's highest Days Sales Outstanding was 145.18. The lowest was 64.85. And the median was 85.18.

SZSE:001332's Days Sales Outstanding is ranked worse than
73.86% of 2957 companies
in the Industrial Products industry
Industry Median: 79.63 vs SZSE:001332: 114.90

Wuxi Chemical Equipment Co's Days Sales Outstanding increased from Mar. 2023 (88.75) to Mar. 2024 (160.81).

Warning Sign:

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

Wuxi Chemical Equipment Co Days Sales Outstanding Historical Data

The historical data trend for Wuxi Chemical Equipment 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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Wuxi Chemical Equipment Co Days Sales Outstanding Chart

Wuxi Chemical Equipment Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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64.85

76.04

69.72

73.74

94.31

Wuxi Chemical Equipment Co Quarterly Data
	Dec13	Dec14	Mar15	Dec16	Dec17	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															88.75	146.95	135.91	69.69	160.81

Competitive Comparison of Wuxi Chemical Equipment Co's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Wuxi Chemical Equipment 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.

Wuxi Chemical Equipment Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wuxi Chemical Equipment Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Wuxi Chemical Equipment Co's Days Sales Outstanding falls into.

Wuxi Chemical Equipment 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.

Wuxi Chemical Equipment 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
=	( (285	+	360.138)	/	2 )	/	1248.418	*	365
=	322.569					/	1248.418	*	365
=	94.31

Wuxi Chemical Equipment 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
=	( (360.138	+	347.525)	/	2 )	/	200.782	*	365 / 4
=	353.8315					/	200.782	*	365 / 4
=	160.81

Wuxi Chemical Equipment Co (SZSE:001332) Days Sales Outstanding Explanation

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

Wuxi Chemical Equipment Co Days Sales Outstanding Related Terms

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Wuxi Chemical Equipment Co (SZSE:001332) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Chemical Equipment Co Ltd (SZSE:001332) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

No. 36, Huayi Road, Binhu District, Jiangsu Province, Wuxi City, CHN, 214131

Website

http://www.wce.cn

Wuxi Chemical Equipment Co Ltd is engaged in research and development, design, manufacture, sales and related technical services of metal pressure vessels used in petrochemical, fine chemical, natural gas, marines engineering equipment, nuclear power, solar photovoltaic and photothermal power generation.

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