Nano Magic's average Accounts Receivable for the
three
months ended in Mar. 2024 was $0.18 Mil. Nano Magic's Revenue for the
three
months ended in Mar. 2024 was $0.58 Mil.
Hence, Nano Magic's Days Sales Outstanding for the
three
months ended in Mar. 2024 was 27.69.
The historical rank and industry rank for Nano Magic's Days Sales Outstanding or its related term are showing as below:
NMGX'
s Days Sales Outstanding Range Over the Past 10 Years
Min: 31.39 Med: 40.71 Max: 64.66
Current: 37.72
During the past 13 years, Nano Magic's highest Days Sales Outstanding was 64.66. The lowest was 31.39. And the median was 40.71.
NMGX's Days Sales Outstanding is ranked better than 81.13% of 1526
companies
in the Chemicals industry
Industry Median: 63.96
vs NMGX: 37.72
Nano Magic's Days Sales Outstanding
declined
from Mar. 2023 (45.69) to Mar. 2024 (27.69).
Nano Magic Days Sales Outstanding Historical Data
The historical data trend for Nano Magic'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.
Competitive Comparison of Nano Magic's Days Sales Outstanding
For the Specialty Chemicals subindustry, Nano Magic'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.
Nano Magic's Days Sales Outstanding Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nano Magic's Days Sales Outstanding distribution charts can be found below:
* The bar in red indicates where Nano Magic's Days Sales Outstanding falls into.
Nano Magic 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.
* 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.
Nano Magic (OTCPK:NMGX) Days Sales Outstanding Explanation
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Nano Magic Days Sales Outstanding Related Terms
Thank you for viewing the detailed overview of Nano Magic's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.
Nano Magic Inc is engaged in the marketing and sale of products enabled by nanotechnology. It develops and sells products based on its portfolio of intellectual property and its products include a portfolio of nano-layer coatings, nano-based cleaners, printable inks, pastes, and thermal management materials. Its products can be used on eyeglasses, extreme sport and safety glasses and goggles, electronic screens, windows, mirrors, shower doors, and cleaning everyday household surfaces.
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