Anhui Xinke New Materials Co (SHSE:600255) Days Sales Outstanding : 47.16 (As of Mar. 2024)

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What is Anhui Xinke New Materials Co Days Sales Outstanding?

Anhui Xinke New Materials Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥465 Mil. Anhui Xinke New Materials Co's Revenue for the three months ended in Mar. 2024 was ¥900 Mil. Hence, Anhui Xinke New Materials Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 47.16.

The historical rank and industry rank for Anhui Xinke New Materials Co's Days Sales Outstanding or its related term are showing as below:

SHSE:600255' s Days Sales Outstanding Range Over the Past 10 Years
Min: 19.38 Med: 44.46 Max: 57.92
Current: 49.96

During the past 13 years, Anhui Xinke New Materials Co's highest Days Sales Outstanding was 57.92. The lowest was 19.38. And the median was 44.46.

SHSE:600255's Days Sales Outstanding is ranked worse than
55.56% of 792 companies
in the Metals & Mining industry
Industry Median: 42.325 vs SHSE:600255: 49.96

Anhui Xinke New Materials Co's Days Sales Outstanding increased from Mar. 2023 (45.96) to Mar. 2024 (47.16).

Anhui Xinke New Materials Co Days Sales Outstanding Historical Data

The historical data trend for Anhui Xinke New Materials 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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Anhui Xinke New Materials Co Days Sales Outstanding Chart

Anhui Xinke New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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45.00

56.04

42.05

42.69

43.91

Anhui Xinke New Materials Co Quarterly Data
	Jun19	Sep19	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															45.96	66.08	46.44	40.97	47.16

Competitive Comparison of Anhui Xinke New Materials Co's Days Sales Outstanding

For the Copper subindustry, Anhui Xinke New Materials 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.

Anhui Xinke New Materials Co's Days Sales Outstanding Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Anhui Xinke New Materials Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Anhui Xinke New Materials Co's Days Sales Outstanding falls into.

Anhui Xinke New Materials 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.

Anhui Xinke New Materials 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
=	( (355.507	+	414.348)	/	2 )	/	3199.924	*	365
=	384.9275					/	3199.924	*	365
=	43.91

Anhui Xinke New Materials 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
=	( (414.348	+	516.018)	/	2 )	/	900.147	*	365 / 4
=	465.183					/	900.147	*	365 / 4
=	47.16

Anhui Xinke New Materials Co (SHSE:600255) Days Sales Outstanding Explanation

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

Anhui Xinke New Materials Co Days Sales Outstanding Related Terms

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Anhui Xinke New Materials Co (SHSE:600255) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Anhui Xinke New Materials Co Ltd (SHSE:600255) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 3 Zhujiang Road, Economic and Technological Development Zone, Anhui Province, Wuhu, CHN, 241006

Website

http://www.ahxinke.com

Anhui Xinke New Materials Co Ltd is engaged in development, production and sales of copper-based composite materials, rare and precious metal materials (excluding gold and silver and products), powder metallurgy and special materials, special cables, electrical materials and other new materials.

Anhui Xinke New Materials Co (SHSE:600255) Headlines

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