Greenland Technologies Holding (Greenland Technologies Holding) Days Sales Outstanding : 74.73 (As of Dec. 2023)

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What is Greenland Technologies Holding Days Sales Outstanding?

Greenland Technologies Holding's average Accounts Receivable for the three months ended in Dec. 2023 was $18.66 Mil. Greenland Technologies Holding's Revenue for the three months ended in Dec. 2023 was $22.78 Mil. Hence, Greenland Technologies Holding's Days Sales Outstanding for the three months ended in Dec. 2023 was 74.73.

The historical rank and industry rank for Greenland Technologies Holding's Days Sales Outstanding or its related term are showing as below:

GTEC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 52.3 Med: 62.27 Max: 83.39
Current: 74.3

During the past 6 years, Greenland Technologies Holding's highest Days Sales Outstanding was 83.39. The lowest was 52.30. And the median was 62.27.

GTEC's Days Sales Outstanding is ranked better than
54.75% of 2957 companies
in the Industrial Products industry
Industry Median: 79.38 vs GTEC: 74.30

Greenland Technologies Holding's Days Sales Outstanding declined from Dec. 2022 (77.93) to Dec. 2023 (74.73).

Greenland Technologies Holding Days Sales Outstanding Historical Data

The historical data trend for Greenland Technologies Holding'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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Greenland Technologies Holding Days Sales Outstanding Chart

Greenland Technologies Holding Annual Data

Trend

Nov18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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83.39

66.55

52.30

60.79

62.27

Greenland Technologies Holding Quarterly Data
	Feb19	May19	Aug19	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															77.93	69.46	78.00	87.20	74.73

Competitive Comparison of Greenland Technologies Holding's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Greenland Technologies Holding'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.

Greenland Technologies Holding's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Greenland Technologies Holding's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Greenland Technologies Holding's Days Sales Outstanding falls into.

Greenland Technologies Holding 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.

Greenland Technologies Holding'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
=	( (14.338	+	16.484)	/	2 )	/	90.333	*	365
=	15.411					/	90.333	*	365
=	62.27

Greenland Technologies Holding'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
=	( (20.826	+	16.484)	/	2 )	/	22.778	*	365 / 4
=	18.655					/	22.778	*	365 / 4
=	74.73

Greenland Technologies Holding (NAS:GTEC) Days Sales Outstanding Explanation

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

Greenland Technologies Holding Days Sales Outstanding Related Terms

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Greenland Technologies Holding (Greenland Technologies Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Greenland Technologies Holding Corp (NAS:GTEC) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Millstone Road, Building 400, Suite 130, Zhejiang, East Windsor, NJ, USA, 08512

Website

https://ir.gtec-tech.com

Greenland Technologies Holding Corp is a developer of innovative and quality solutions in the material handling industry. It is a transmission and drivetrain systems provider for material handling equipment such as forklift trucks for industrial and logistic applications. Geographically, the company has its presence in Domestic and International markets and earns majority of the revenue from Domestic Sales.

Executives

Raymond Z Wang	officer: CEO and President	STE 906, TOWER W1. ORIENTAL PLAZA NO. 1, DONGCHENG DISTRICT BEIJING F4 100006
Peter Wang	director, 10 percent owner
Jing Jin	officer: Chief Financial Officer	STE 906, TOWER W1. ORIENTAL PLAZA NO. 1, DONGCHENG DISTRICT BEIJING F4 100006
Ming Zhao	director	1ST FLOOR, YUZHENG PLAZA, NO. 76, YUHUANGSHAN ROAD, HANGZHOU, ZHEJIANG PROVINCE F4 00000
Bo Shen	director	11-F, BUILDING 12, SUNKIN PLAZA, GAOJIAO ROAD, HANGZHOU, ZHEJIANG F4 311122
Charles Athle Nelson	director	11-F, BUILDING 12, SUNKING PLAZA, GAOJIAO ROAD, HANGZHOU, ZHEJIANG F4 311122
Min Zhang	director	STE 906, TOWER W1. ORIENTAL PLAZA NO. 1, DONGCHENG DISTRICT BEIJING F4 100006
Everett Xiaolin Wang	director	STE 906, TOWER W1. ORIENTAL PLAZA NO. 1, DONGCHENG DISTRICT BEIJING F4 100006
Liu Yanming	director, 10 percent owner	SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
Lei Chen	officer: Chief Scientist	STE 906, TOWER W1. ORIENTAL PLAZA NO. 1, DONGCHENG DISTRICT BEIJING F4 100006
Greenland Asset Management Corp	10 percent owner	WEST WING, YONGDA INTERNATIONAL TOWER, NO. 2277 LONGYANG ROAD, PUDONG SHANGHAI F4 100006
Hong Liang Lu	director	C/O UTSTARCOM INC., 1275 HARBOR BAY PARKWAY, ALAMEDA CA 94502
Cui Shan	director	SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
Tao Tang	director	SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
Jerry Zheng	officer: COO	SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006