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China Aerospace Times Electronic Co (SHSE:600879) Days Sales Outstanding : 210.63 (As of Mar. 2024)


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What is China Aerospace Times Electronic Co Days Sales Outstanding?

China Aerospace Times Electronic Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥8,803 Mil. China Aerospace Times Electronic Co's Revenue for the three months ended in Mar. 2024 was ¥3,814 Mil. Hence, China Aerospace Times Electronic Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 210.63.

The historical rank and industry rank for China Aerospace Times Electronic Co's Days Sales Outstanding or its related term are showing as below:

SHSE:600879' s Days Sales Outstanding Range Over the Past 10 Years
Min: 79.8   Med: 142.27   Max: 193.95
Current: 193.95

During the past 13 years, China Aerospace Times Electronic Co's highest Days Sales Outstanding was 193.95. The lowest was 79.80. And the median was 142.27.

SHSE:600879's Days Sales Outstanding is ranked worse than
85.28% of 299 companies
in the Aerospace & Defense industry
Industry Median: 63.18 vs SHSE:600879: 193.95

China Aerospace Times Electronic Co's Days Sales Outstanding increased from Mar. 2023 (163.05) to Mar. 2024 (210.63).


China Aerospace Times Electronic Co Days Sales Outstanding Historical Data

The historical data trend for China Aerospace Times Electronic 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.

* Premium members only.

China Aerospace Times Electronic Co Days Sales Outstanding Chart

China Aerospace Times Electronic Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 164.01 161.86 128.32 125.17 146.26

China Aerospace Times Electronic 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 163.05 170.17 294.99 151.46 210.63

Competitive Comparison of China Aerospace Times Electronic Co's Days Sales Outstanding

For the Aerospace & Defense subindustry, China Aerospace Times Electronic 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.


China Aerospace Times Electronic Co's Days Sales Outstanding Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, China Aerospace Times Electronic Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where China Aerospace Times Electronic Co's Days Sales Outstanding falls into.



China Aerospace Times Electronic 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.

China Aerospace Times Electronic 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
=( (6971.991 + 8036.244) / 2 ) / 18727.486*365
=7504.1175 / 18727.486*365
=146.26

China Aerospace Times Electronic 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
=( (8036.244 + 9570.702) / 2 ) / 3813.787*365 / 4
=8803.473 / 3813.787*365 / 4
=210.63

* 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.


China Aerospace Times Electronic Co  (SHSE:600879) Days Sales Outstanding Explanation

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


China Aerospace Times Electronic Co Days Sales Outstanding Related Terms

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China Aerospace Times Electronic Co (SHSE:600879) Business Description

Traded in Other Exchanges
N/A
Address
Plant 22MB, High-Tech Park, Economic Technology Development District, Wuhan, CHN, 430056
China Aerospace Times Electronic Co Ltd is a China-based company. It engaged in the manufacturing and distribution of aerospace electronic products. Its products include satellite applications, inertial navigation, Integrated circuit, Drone.
Executives
Gai Hong Bin senior management
He Ping senior management
Wang Zhan Chen Director
Wang Zong Yin Director
Zhang Xian Cai senior management
Wu Yuan Qiang Director
Pei Ai Jun Supervisors

China Aerospace Times Electronic Co (SHSE:600879) Headlines

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