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IT Tech Packaging (IT Tech Packaging) Days Sales Outstanding : 7.33 (As of Dec. 2023)


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What is IT Tech Packaging Days Sales Outstanding?

IT Tech Packaging's average Accounts Receivable for the three months ended in Dec. 2023 was $1.69 Mil. IT Tech Packaging's Revenue for the three months ended in Dec. 2023 was $20.97 Mil. Hence, IT Tech Packaging's Days Sales Outstanding for the three months ended in Dec. 2023 was 7.33.

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

ITP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.43   Med: 9.13   Max: 17.71
Current: 8.45

During the past 13 years, IT Tech Packaging's highest Days Sales Outstanding was 17.71. The lowest was 2.43. And the median was 9.13.

ITP's Days Sales Outstanding is ranked better than
97.9% of 286 companies
in the Forest Products industry
Industry Median: 54.49 vs ITP: 8.45

IT Tech Packaging's Days Sales Outstanding declined from Dec. 2022 (18.09) to Dec. 2023 (7.33).


IT Tech Packaging Days Sales Outstanding Historical Data

The historical data trend for IT Tech Packaging'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.

IT Tech Packaging Days Sales Outstanding Chart

IT Tech Packaging 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 9.30 9.96 8.23 17.71 2.43

IT Tech Packaging Quarterly Data
Mar19 Jun19 Sep19 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 Premium Member Only Premium Member Only Premium Member Only 18.09 10.29 7.07 15.07 7.33

Competitive Comparison of IT Tech Packaging's Days Sales Outstanding

For the Paper & Paper Products subindustry, IT Tech Packaging'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.


IT Tech Packaging's Days Sales Outstanding Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, IT Tech Packaging's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where IT Tech Packaging's Days Sales Outstanding falls into.



IT Tech Packaging 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.

IT Tech Packaging'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
=( (0 + 0.576) / 1 ) / 86.547*365
=0.576 / 86.547*365
=2.43

IT Tech Packaging'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
=( (2.794 + 0.576) / 2 ) / 20.965*365 / 4
=1.685 / 20.965*365 / 4
=7.33

* 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.


IT Tech Packaging  (AMEX:ITP) Days Sales Outstanding Explanation

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


IT Tech Packaging Days Sales Outstanding Related Terms

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


IT Tech Packaging (IT Tech Packaging) Business Description

Traded in Other Exchanges
N/A
Address
Science Park, Juli Road, Xushui District, Hebei Province, Baoding City, CHN, 072550
IT Tech Packaging Inc is a holding company engaged in the business of paper manufacturing in China. The company operates as a producer and distributor of paper products. It involves in production and distribution of three categories of paper products: packing paper (corrugating medium paper), offset printing paper, and tissue paper products. It also produces digital photo paper. Its business is structured into two segments Dongfang Paper and Tengsheng Paper which produces offset printing paper and corrugating medium paper, tissue paper and Baoding Shengde which produces face masks and digital photo paper.
Executives
Zhenyong Liu director, 10 percent owner, officer: Chief Executive Officer C/O ORIENT PAPER, INC., SCIENCE PARK, JULI ROAD, XIUSHUI COUNTY, BAODING CITY,HEBEI PROVINCE F4 072550
Jing Hao officer: Chief Financial Officer SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI PROVINCE F4 072550
Hon Wai Ku director SUITE 815, 8TH FLOOR, OCEAN CENTRE, HARBOUR CITY, 5 CANTON ROAD, KOWLOON,, HONG KONG F4 0000
Wenbing Wang director 21ST FLOOR, BUILDING B, JIA MING CENTER, NO. 27 DONG SAN HUAN NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100020
Winston C Yen officer: Chief Financial Officer 345 S. FIGUEROA STREET, #100, LOS ANGELES CA 90071
Drew Bernstein director C/O BERSTEIN & PINCHUK LLP, SEVEN PENN PLAZA SUITE 830, NEW YORK NY 10001
Zhaofang Wang director ROOM 401, UNIT 4, 20TH FLOOR FANGYUANLI, CHAOYANG DISTRICT, BEIJING F4 100061
Fuzeng Liu director SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550
Xiaodong Liu director SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550
Chen Li director SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550
Dahong Zhou officer: Secretary SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550
Max Time Enterprise Ltd 10 percent owner PO BOX 031-088, SHENNAN ZHONG ROAD, SHENZHEN CITY F4 518031
Hui Ping Cheng director, 10 percent owner, officer: President C/O MY QUOTE ZONE, 6130 ELTON AVENUE, LAS VEGAS NV 89107