Sumec (SHSE:600710) Days Sales Outstanding : 34.15 (As of Mar. 2024)

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What is Sumec Days Sales Outstanding?

Sumec's average Accounts Receivable for the three months ended in Mar. 2024 was ¥8,886 Mil. Sumec's Revenue for the three months ended in Mar. 2024 was ¥23,745 Mil. Hence, Sumec's Days Sales Outstanding for the three months ended in Mar. 2024 was 34.15.

The historical rank and industry rank for Sumec's Days Sales Outstanding or its related term are showing as below:

SHSE:600710' s Days Sales Outstanding Range Over the Past 10 Years
Min: 18.04 Med: 30.61 Max: 195.57
Current: 29.62

During the past 13 years, Sumec's highest Days Sales Outstanding was 195.57. The lowest was 18.04. And the median was 30.61.

SHSE:600710's Days Sales Outstanding is ranked better than
89.42% of 208 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 73.235 vs SHSE:600710: 29.62

Sumec's Days Sales Outstanding increased from Mar. 2023 (23.78) to Mar. 2024 (34.15).

Sumec Days Sales Outstanding Historical Data

The historical data trend for Sumec'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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Sumec Days Sales Outstanding Chart

Sumec Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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33.14

27.45

18.04

22.22

24.80

Sumec 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															23.78	25.13	30.28	33.07	34.15

Competitive Comparison of Sumec's Days Sales Outstanding

For the Farm & Heavy Construction Machinery subindustry, Sumec'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.

Sumec's Days Sales Outstanding Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Sumec's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Sumec's Days Sales Outstanding falls into.

Sumec 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.

Sumec'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
=	( (7925.472	+	8787.001)	/	2 )	/	122980.81	*	365
=	8356.2365					/	122980.81	*	365
=	24.80

Sumec'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
=	( (8787.001	+	8984.966)	/	2 )	/	23744.86	*	365 / 4
=	8885.9835					/	23744.86	*	365 / 4
=	34.15

Sumec (SHSE:600710) Days Sales Outstanding Explanation

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

Sumec Days Sales Outstanding Related Terms

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Sumec (SHSE:600710) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sumec Corp Ltd (SHSE:600710) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Changjiang Road, SUMEC Building, No. 198, Xuanwu District, Nanjing, CHN, 210018

Website

http://www.sumec.com

Sumec Corp Ltd is engaged in trade and service, engineering contracting, and investment and development. The trade and service cover import and export of the bulk commodities including gardening instruments, electric tools, high-pressure washer, power generation equipment, garment, household textiles, automobile parts, medical devices, and others. Engineering contracting includes environmental engineering, energy engineering, and marine engineering; investment development includes strategic investment, industrial investment, project investment and financial investment.

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