Wingtech Technology Co (SHSE:600745) Days Sales Outstanding : 53.93 (As of Mar. 2024)

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What is Wingtech Technology Co Days Sales Outstanding?

Wingtech Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥9,602 Mil. Wingtech Technology Co's Revenue for the three months ended in Mar. 2024 was ¥16,247 Mil. Hence, Wingtech Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 53.93.

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

SHSE:600745' s Days Sales Outstanding Range Over the Past 10 Years
Min: 8.15 Med: 54.8 Max: 289.53
Current: 51.95

During the past 13 years, Wingtech Technology Co's highest Days Sales Outstanding was 289.53. The lowest was 8.15. And the median was 54.80.

SHSE:600745's Days Sales Outstanding is ranked better than
76.39% of 2457 companies
in the Hardware industry
Industry Median: 74.97 vs SHSE:600745: 51.95

Wingtech Technology Co's Days Sales Outstanding increased from Mar. 2023 (52.71) to Mar. 2024 (53.93).

Wingtech Technology Co Days Sales Outstanding Historical Data

The historical data trend for Wingtech Technology 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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Wingtech Technology Co Days Sales Outstanding Chart

Wingtech Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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71.97

63.47

54.39

55.20

51.82

Wingtech Technology 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															52.71	54.30	51.77	46.63	53.93

Competitive Comparison of Wingtech Technology Co's Days Sales Outstanding

For the Communication Equipment subindustry, Wingtech Technology 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.

Wingtech Technology Co's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Wingtech Technology Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Wingtech Technology Co's Days Sales Outstanding falls into.

Wingtech Technology 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.

Wingtech Technology 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
=	( (8270.298	+	9109.191)	/	2 )	/	61212.801	*	365
=	8689.7445					/	61212.801	*	365
=	51.82

Wingtech Technology 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
=	( (9109.191	+	10094.109)	/	2 )	/	16247.232	*	365 / 4
=	9601.65					/	16247.232	*	365 / 4
=	53.93

Wingtech Technology Co (SHSE:600745) Days Sales Outstanding Explanation

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

Wingtech Technology Co Days Sales Outstanding Related Terms

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Wingtech Technology Co (SHSE:600745) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wingtech Technology Co Ltd (SHSE:600745) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Mission Town Hill on the 6th district, Hubei Province, Huangshi, CHN, 314000

Website

http://Www.wingtech.com

Wingtech Technology Co Ltd is a China-based company engaged in the research, development, and manufacture of mobile terminals and smart hardware products. Its main products are mobile communication complete machines, mobile communication devices and other mobile communication products, such as smartphones. The company also provides services such as Intelligent Terminal, Virtual Reality, Property and Hotel and other services.

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