Shandong Hi-Speed Co (SHSE:600350) Days Sales Outstanding : 64.17 (As of Mar. 2024)

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What is Shandong Hi-Speed Co Days Sales Outstanding?

Shandong Hi-Speed Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥3,187 Mil. Shandong Hi-Speed Co's Revenue for the three months ended in Mar. 2024 was ¥4,532 Mil. Hence, Shandong Hi-Speed Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 64.17.

The historical rank and industry rank for Shandong Hi-Speed Co's Days Sales Outstanding or its related term are showing as below:

SHSE:600350' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.38 Med: 2.3 Max: 41.25
Current: 36.17

During the past 13 years, Shandong Hi-Speed Co's highest Days Sales Outstanding was 41.25. The lowest was 0.38. And the median was 2.30.

SHSE:600350's Days Sales Outstanding is ranked better than
85.03% of 1643 companies
in the Construction industry
Industry Median: 72.41 vs SHSE:600350: 36.17

Shandong Hi-Speed Co's Days Sales Outstanding increased from Mar. 2023 (42.98) to Mar. 2024 (64.17).

Shandong Hi-Speed Co Days Sales Outstanding Historical Data

The historical data trend for Shandong Hi-Speed 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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Shandong Hi-Speed Co Days Sales Outstanding Chart

Shandong Hi-Speed Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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3.91

11.28

23.46

36.01

41.25

Shandong Hi-Speed 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															42.98	40.65	36.45	22.47	64.17

Competitive Comparison of Shandong Hi-Speed Co's Days Sales Outstanding

For the Infrastructure Operations subindustry, Shandong Hi-Speed 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.

Shandong Hi-Speed Co's Days Sales Outstanding Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shandong Hi-Speed Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shandong Hi-Speed Co's Days Sales Outstanding falls into.

Shandong Hi-Speed 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.

Shandong Hi-Speed 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
=	( (2920.487	+	3079.97)	/	2 )	/	26545.644	*	365
=	3000.2285					/	26545.644	*	365
=	41.25

Shandong Hi-Speed 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
=	( (3079.97	+	3293.416)	/	2 )	/	4531.518	*	365 / 4
=	3186.693					/	4531.518	*	365 / 4
=	64.17

Shandong Hi-Speed Co (SHSE:600350) Days Sales Outstanding Explanation

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

Shandong Hi-Speed Co Days Sales Outstanding Related Terms

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Shandong Hi-Speed Co (SHSE:600350) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shandong Hi-Speed Co Ltd (SHSE:600350) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 5006, Aoti Middle Road, Shandong, Jinan, CHN, 250101

Website

http://www.sdecl.com.cn

Shandong Hi-Speed Co Ltd is a China-based company mainly engaged in the investment and operation of transportation infrastructure. It is also engaged in activities of equity investment in the upstream and downstream industries, finance, and environmental protection of the highway industry chain. It operates and maintains toll roads, bridges, tunnels, and other infrastructure facilities. The company earns majority revenue in the form of Toll, railway transportation, sales of goods, project construction, and other businesses.

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