Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Days Sales Outstanding : 294.08 (As of Dec. 2023)

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What is Meihua International Medical Technologies Co Days Sales Outstanding?

Meihua International Medical Technologies Co's average Accounts Receivable for the six months ended in Dec. 2023 was $78.81 Mil. Meihua International Medical Technologies Co's Revenue for the six months ended in Dec. 2023 was $48.91 Mil. Hence, Meihua International Medical Technologies Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 294.08.

The historical rank and industry rank for Meihua International Medical Technologies Co's Days Sales Outstanding or its related term are showing as below:

MHUA' s Days Sales Outstanding Range Over the Past 10 Years
Min: 134.3 Med: 197.86 Max: 283.89
Current: 283.89

During the past 5 years, Meihua International Medical Technologies Co's highest Days Sales Outstanding was 283.89. The lowest was 134.30. And the median was 197.86.

MHUA's Days Sales Outstanding is ranked worse than
95.54% of 808 companies
in the Medical Devices & Instruments industry
Industry Median: 64.725 vs MHUA: 283.89

Meihua International Medical Technologies Co's Days Sales Outstanding increased from Dec. 2022 (243.45) to Dec. 2023 (294.08).

Meihua International Medical Technologies Co Days Sales Outstanding Historical Data

The historical data trend for Meihua International Medical Technologies 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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Meihua International Medical Technologies Co Days Sales Outstanding Chart

Meihua International Medical Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

134.30

153.67

197.86

240.25

277.26

Meihua International Medical Technologies Co Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial				204.94	212.32	243.45	280.24	294.08

Competitive Comparison of Meihua International Medical Technologies Co's Days Sales Outstanding

For the Medical Instruments & Supplies subindustry, Meihua International Medical Technologies 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.

Meihua International Medical Technologies Co's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Meihua International Medical Technologies Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Meihua International Medical Technologies Co's Days Sales Outstanding falls into.

Meihua International Medical Technologies 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.

Meihua International Medical Technologies 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
=	( (68.946	+	78.571)	/	2 )	/	97.099	*	365
=	73.7585					/	97.099	*	365
=	277.26

Meihua International Medical Technologies 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
=	( (79.052	+	78.571)	/	2 )	/	48.909	*	365 / 2
=	78.8115					/	48.909	*	365 / 2
=	294.08

Meihua International Medical Technologies Co (NAS:MHUA) Days Sales Outstanding Explanation

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

Meihua International Medical Technologies Co Days Sales Outstanding Related Terms

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Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Meihua International Medical Technologies Co Ltd (NAS:MHUA) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Tongda Road, Touqiao Town, Guangling District, Yangzhou, CHN, 225000

Website

http://www.meihuamed.com

Meihua International Medical Technologies Co Ltd is engaged in providing disposable medical devices. It serves hospitals, pharmacies, medical institutions, and medical equipment companies. Its product offerings include a Disposable Medical mask, Disposable ID Bracelet, Disposable Artificial Anal bag, Disposable Catheter, and Electonic pump among others.