MicroTech Medical (Hangzhou) Co (HKSE:02235) Days Sales Outstanding : 70.67 (As of Dec. 2023)

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What is MicroTech Medical (Hangzhou) Co Days Sales Outstanding?

MicroTech Medical (Hangzhou) Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$58.3 Mil. MicroTech Medical (Hangzhou) Co's Revenue for the six months ended in Dec. 2023 was HK$150.4 Mil. Hence, MicroTech Medical (Hangzhou) Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 70.67.

The historical rank and industry rank for MicroTech Medical (Hangzhou) Co's Days Sales Outstanding or its related term are showing as below:

HKSE:02235' s Days Sales Outstanding Range Over the Past 10 Years
Min: 47.11 Med: 59.79 Max: 90.77
Current: 76.82

During the past 5 years, MicroTech Medical (Hangzhou) Co's highest Days Sales Outstanding was 90.77. The lowest was 47.11. And the median was 59.79.

HKSE:02235's Days Sales Outstanding is ranked worse than
63.55% of 812 companies
in the Medical Devices & Instruments industry
Industry Median: 64.88 vs HKSE:02235: 76.82

MicroTech Medical (Hangzhou) Co's Days Sales Outstanding declined from Dec. 2022 (74.66) to Dec. 2023 (70.67).

MicroTech Medical (Hangzhou) Co Days Sales Outstanding Historical Data

The historical data trend for MicroTech Medical (Hangzhou) 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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MicroTech Medical (Hangzhou) Co Days Sales Outstanding Chart

MicroTech Medical (Hangzhou) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

59.79

47.11

49.95

88.65

90.77

MicroTech Medical (Hangzhou) Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial			60.19	77.76	74.66	68.82	70.67

Competitive Comparison of MicroTech Medical (Hangzhou) Co's Days Sales Outstanding

For the Medical Devices subindustry, MicroTech Medical (Hangzhou) 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.

MicroTech Medical (Hangzhou) Co's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, MicroTech Medical (Hangzhou) Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where MicroTech Medical (Hangzhou) Co's Days Sales Outstanding falls into.

MicroTech Medical (Hangzhou) 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.

MicroTech Medical (Hangzhou) 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
=	( (55.006	+	80.102)	/	2 )	/	271.636	*	365
=	67.554					/	271.636	*	365
=	90.77

MicroTech Medical (Hangzhou) Co'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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (36.408	+	80.102)	/	2 )	/	150.43	*	365 / 2
=	58.255					/	150.43	*	365 / 2
=	70.67

MicroTech Medical (Hangzhou) Co (HKSE:02235) Days Sales Outstanding Explanation

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

MicroTech Medical (Hangzhou) Co Days Sales Outstanding Related Terms

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MicroTech Medical (Hangzhou) Co (HKSE:02235) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MicroTech Medical (Hangzhou) Co Ltd (HKSE:02235) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 108 Liuze Street, Cangqian Street, Yuhang District, Zhejiang Province, Hangzhou, CHN

Website

https://www.microtechmd.com

MicroTech Medical (Hangzhou) Co Ltd is engaged in the research and development and manufacturing and commercialization of diabetes management, providing both diabetes treatment and diabetes monitoring medical devices to improve diabetes management in China and the rest of the world. The company derives a majority of its revenue from China.

MicroTech Medical (Hangzhou) Co (HKSE:02235) Headlines

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