Kangxin New Materials Co (SHSE:600076) Days Sales Outstanding : 123.82 (As of Mar. 2024)

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What is Kangxin New Materials Co Days Sales Outstanding?

Kangxin New Materials Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥71.2 Mil. Kangxin New Materials Co's Revenue for the three months ended in Mar. 2024 was ¥52.5 Mil. Hence, Kangxin New Materials Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 123.82.

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

SHSE:600076' s Days Sales Outstanding Range Over the Past 10 Years
Min: 29.64 Med: 61.81 Max: 129.79
Current: 57.76

During the past 13 years, Kangxin New Materials Co's highest Days Sales Outstanding was 129.79. The lowest was 29.64. And the median was 61.81.

SHSE:600076's Days Sales Outstanding is ranked worse than
54.9% of 286 companies
in the Forest Products industry
Industry Median: 54.445 vs SHSE:600076: 57.76

Kangxin New Materials Co's Days Sales Outstanding increased from Mar. 2023 (63.18) to Mar. 2024 (123.82).

Kangxin New Materials Co Days Sales Outstanding Historical Data

The historical data trend for Kangxin New 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.

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Kangxin New Materials Co Days Sales Outstanding Chart

Kangxin New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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70.32

129.79

62.78

64.82

79.36

Kangxin New 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															63.18	73.84	54.64	37.67	123.82

Competitive Comparison of Kangxin New Materials Co's Days Sales Outstanding

For the Lumber & Wood Production subindustry, Kangxin New 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.

Kangxin New Materials Co's Days Sales Outstanding Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Kangxin New Materials Co's Days Sales Outstanding distribution charts can be found below:

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

Kangxin New 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.

Kangxin New 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
=	( (21.422	+	85.703)	/	2 )	/	246.339	*	365
=	53.5625					/	246.339	*	365
=	79.36

Kangxin New 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
=	( (85.703	+	56.788)	/	2 )	/	52.506	*	365 / 4
=	71.2455					/	52.506	*	365 / 4
=	123.82

Kangxin New Materials Co (SHSE:600076) Days Sales Outstanding Explanation

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

Kangxin New Materials Co Days Sales Outstanding Related Terms

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Kangxin New Materials Co (SHSE:600076) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Kangxin New Materials Co Ltd (SHSE:600076) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

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Address

Wuhan East Lake Central Lake Road No. 57, Jinyinhu Withub 30, Hubei Province, Wuhan, CHN

Website

http://www.hbkangxin.com.cn

Kangxin New Materials Co Ltd engages in the collection, afforestation, processing, and sale of timber products in China. It also designs and produces building structural materials; and produces wood structural housing products. The company's products include COSB composite, multi-layer solid wood, and bamboo and wood composite container flooring products; civil sheets comprise building templates, ordinary COSB boards, environmental protection boards, and COSB boards; and landscape and green seedlings.

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