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Nanjing Hanrui Cobalt Co (SZSE:300618) Days Sales Outstanding : 21.96 (As of Mar. 2024)


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What is Nanjing Hanrui Cobalt Co Days Sales Outstanding?

Nanjing Hanrui Cobalt Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥315 Mil. Nanjing Hanrui Cobalt Co's Revenue for the three months ended in Mar. 2024 was ¥1,311 Mil. Hence, Nanjing Hanrui Cobalt Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 21.96.

The historical rank and industry rank for Nanjing Hanrui Cobalt Co's Days Sales Outstanding or its related term are showing as below:

SZSE:300618' s Days Sales Outstanding Range Over the Past 10 Years
Min: 23.88   Med: 31.03   Max: 64.98
Current: 24.61

During the past 12 years, Nanjing Hanrui Cobalt Co's highest Days Sales Outstanding was 64.98. The lowest was 23.88. And the median was 31.03.

SZSE:300618's Days Sales Outstanding is ranked better than
65.15% of 789 companies
in the Metals & Mining industry
Industry Median: 42.19 vs SZSE:300618: 24.61

Nanjing Hanrui Cobalt Co's Days Sales Outstanding declined from Mar. 2023 (22.99) to Mar. 2024 (21.96).


Nanjing Hanrui Cobalt Co Days Sales Outstanding Historical Data

The historical data trend for Nanjing Hanrui Cobalt 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.

* Premium members only.

Nanjing Hanrui Cobalt Co Days Sales Outstanding Chart

Nanjing Hanrui Cobalt Co 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 64.98 41.49 31.17 29.27 23.88

Nanjing Hanrui Cobalt 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 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 22.99 21.15 24.31 36.08 21.96

Competitive Comparison of Nanjing Hanrui Cobalt Co's Days Sales Outstanding

For the Copper subindustry, Nanjing Hanrui Cobalt 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.


Nanjing Hanrui Cobalt Co's Days Sales Outstanding Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Nanjing Hanrui Cobalt Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Nanjing Hanrui Cobalt Co's Days Sales Outstanding falls into.



Nanjing Hanrui Cobalt 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.

Nanjing Hanrui Cobalt 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
=( (281.592 + 345.096) / 2 ) / 4788.752*365
=313.344 / 4788.752*365
=23.88

Nanjing Hanrui Cobalt 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
=( (345.096 + 285.759) / 2 ) / 1310.599*365 / 4
=315.4275 / 1310.599*365 / 4
=21.96

* 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.


Nanjing Hanrui Cobalt Co  (SZSE:300618) Days Sales Outstanding Explanation

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


Nanjing Hanrui Cobalt Co Days Sales Outstanding Related Terms

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Nanjing Hanrui Cobalt Co (SZSE:300618) Business Description

Traded in Other Exchanges
N/A
Address
No. 115, Jinghuai Street, Jiangning Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 211100
Nanjing Hanrui Cobalt Co Ltd is a China-based company engaged in the extraction of cobalt and copper ore. The business activities of the group include development and deep processing of cobalt and copper mineral resources and forming an integrated industrial chain from mineral resources development and smelting the same to produce cobalt intermediate products and cobalt powder which guarantee the stable supply of resources. Geographically the group holds a marketing network in multiple countries and regions including South Korea, Japan, Germany, Switzerland, Israel, India, and the USA.

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