Wanhua Chemical Group Co (SHSE:600309) Days Sales Outstanding : 20.64 (As of Mar. 2024)

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What is Wanhua Chemical Group Co Days Sales Outstanding?

Wanhua Chemical Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥10,440 Mil. Wanhua Chemical Group Co's Revenue for the three months ended in Mar. 2024 was ¥46,161 Mil. Hence, Wanhua Chemical Group Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 20.64.

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

SHSE:600309' s Days Sales Outstanding Range Over the Past 10 Years
Min: 15.62 Med: 19.24 Max: 26.7
Current: 21.76

During the past 13 years, Wanhua Chemical Group Co's highest Days Sales Outstanding was 26.70. The lowest was 15.62. And the median was 19.24.

SHSE:600309's Days Sales Outstanding is ranked better than
91.16% of 1527 companies
in the Chemicals industry
Industry Median: 63.76 vs SHSE:600309: 21.76

Wanhua Chemical Group Co's Days Sales Outstanding declined from Mar. 2023 (22.93) to Mar. 2024 (20.64).

Wanhua Chemical Group Co Days Sales Outstanding Historical Data

The historical data trend for Wanhua Chemical Group 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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Wanhua Chemical Group Co Days Sales Outstanding Chart

Wanhua Chemical Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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22.82

26.70

18.75

19.52

18.95

Wanhua Chemical Group 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															22.93	23.14	20.96	19.85	20.64

Competitive Comparison of Wanhua Chemical Group Co's Days Sales Outstanding

For the Specialty Chemicals subindustry, Wanhua Chemical Group 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.

Wanhua Chemical Group Co's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Wanhua Chemical Group Co's Days Sales Outstanding distribution charts can be found below:

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

Wanhua Chemical Group 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.

Wanhua Chemical Group 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
=	( (9060.252	+	9144.253)	/	2 )	/	175360.936	*	365
=	9102.2525					/	175360.936	*	365
=	18.95

Wanhua Chemical Group 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
=	( (9144.253	+	11734.859)	/	2 )	/	46161.005	*	365 / 4
=	10439.556					/	46161.005	*	365 / 4
=	20.64

Wanhua Chemical Group Co (SHSE:600309) Days Sales Outstanding Explanation

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

Wanhua Chemical Group Co Days Sales Outstanding Related Terms

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Wanhua Chemical Group Co (SHSE:600309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Wanhua Chemical Group Co Ltd (SHSE:600309) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

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Address

No. 17, Tianshan Road, Development Zone, Shandong, Yantai, CHN, 264002

Website

http://www.ytpu.com

Wanhua Chemical Group Co Ltd is engaged in the research, production and sales of a full range of polyurethane products, petrochemical products, functional materials and specialty chemicals. It is one of the most competitive MDI manufacturers in the world and the largest TDI supplier in Europe.

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