Zhejiang Provincial New Energy Investment Group Co (SHSE:600032) Days Sales Outstanding : 602.81 (As of Mar. 2024)

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What is Zhejiang Provincial New Energy Investment Group Co Days Sales Outstanding?

Zhejiang Provincial New Energy Investment Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥7,747 Mil. Zhejiang Provincial New Energy Investment Group Co's Revenue for the three months ended in Mar. 2024 was ¥1,173 Mil. Hence, Zhejiang Provincial New Energy Investment Group Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 602.81.

The historical rank and industry rank for Zhejiang Provincial New Energy Investment Group Co's Days Sales Outstanding or its related term are showing as below:

SHSE:600032' s Days Sales Outstanding Range Over the Past 10 Years
Min: 15.44 Med: 376.65 Max: 578.68
Current: 578.68

During the past 8 years, Zhejiang Provincial New Energy Investment Group Co's highest Days Sales Outstanding was 578.68. The lowest was 15.44. And the median was 376.65.

SHSE:600032's Days Sales Outstanding is ranked worse than
95.82% of 407 companies
in the Utilities - Independent Power Producers industry
Industry Median: 66.36 vs SHSE:600032: 578.68

Zhejiang Provincial New Energy Investment Group Co's Days Sales Outstanding increased from Mar. 2023 (562.89) to Mar. 2024 (602.81).

Zhejiang Provincial New Energy Investment Group Co Days Sales Outstanding Historical Data

The historical data trend for Zhejiang Provincial New Energy Investment Group 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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Zhejiang Provincial New Energy Investment Group Co Days Sales Outstanding Chart

Zhejiang Provincial New Energy Investment Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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322.21

457.56

452.02

431.09

552.40

Zhejiang Provincial New Energy Investment Group Co Quarterly Data
	Dec18	Jun19	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															562.89	534.44	531.27	661.99	602.81

Competitive Comparison of Zhejiang Provincial New Energy Investment Group Co's Days Sales Outstanding

For the Utilities - Renewable subindustry, Zhejiang Provincial New Energy Investment Group 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.

Zhejiang Provincial New Energy Investment Group Co's Days Sales Outstanding Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Zhejiang Provincial New Energy Investment Group Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Zhejiang Provincial New Energy Investment Group Co's Days Sales Outstanding falls into.

Zhejiang Provincial New Energy Investment Group 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.

Zhejiang Provincial New Energy Investment Group 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
=	( (6189.353	+	7502.363)	/	2 )	/	4523.417	*	365
=	6845.858					/	4523.417	*	365
=	552.40

Zhejiang Provincial New Energy Investment Group 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
=	( (7502.363	+	7990.847)	/	2 )	/	1172.646	*	365 / 4
=	7746.605					/	1172.646	*	365 / 4
=	602.81

Zhejiang Provincial New Energy Investment Group Co (SHSE:600032) Days Sales Outstanding Explanation

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

Zhejiang Provincial New Energy Investment Group Co Days Sales Outstanding Related Terms

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Zhejiang Provincial New Energy Investment Group Co (SHSE:600032) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Zhejiang Provincial New Energy Investment Group Co Ltd (SHSE:600032) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 8, Fengqi East Road, Kaixuan Street, Jianggan District, Zhejiang Province, Hangzhou, CHN, 310020

Website

Zhejiang Provincial New Energy Investment Group Co Ltd is engaged in the investment, development, construction and operation management of renewable energy projects such as hydropower, photovoltaic power generation, and wind power generation.

Executives

Wang Ke Hua	senior management
Yang Li Ping	senior management

Zhejiang Provincial New Energy Investment Group Co (SHSE:600032) Headlines

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