Snowskylt Industry Group Co (SHSE:600929) Days Sales Outstanding : 8.87 (As of Mar. 2024)

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What is Snowskylt Industry Group Co Days Sales Outstanding?

Snowskylt Industry Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥151 Mil. Snowskylt Industry Group Co's Revenue for the three months ended in Mar. 2024 was ¥1,556 Mil. Hence, Snowskylt Industry Group Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 8.87.

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

SHSE:600929' s Days Sales Outstanding Range Over the Past 10 Years
Min: 5.18 Med: 10.39 Max: 16.23
Current: 9.72

During the past 10 years, Snowskylt Industry Group Co's highest Days Sales Outstanding was 16.23. The lowest was 5.18. And the median was 10.39.

SHSE:600929's Days Sales Outstanding is ranked better than
96.66% of 1529 companies
in the Chemicals industry
Industry Median: 64.13 vs SHSE:600929: 9.72

Snowskylt Industry Group Co's Days Sales Outstanding increased from Mar. 2023 (8.35) to Mar. 2024 (8.87).

Snowskylt Industry Group Co Days Sales Outstanding Historical Data

The historical data trend for Snowskylt Industry 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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Snowskylt Industry Group Co Days Sales Outstanding Chart

Snowskylt Industry Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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11.27

9.51

7.97

5.95

5.18

Snowskylt Industry Group 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															8.35	10.89	11.38	6.63	8.87

Competitive Comparison of Snowskylt Industry Group Co's Days Sales Outstanding

For the Chemicals subindustry, Snowskylt Industry 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.

Snowskylt Industry Group Co's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Snowskylt Industry Group Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Snowskylt Industry Group Co's Days Sales Outstanding falls into.

Snowskylt Industry 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.

Snowskylt Industry 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
=	( (106.057	+	71.592)	/	2 )	/	6262.051	*	365
=	88.8245					/	6262.051	*	365
=	5.18

Snowskylt Industry 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
=	( (71.592	+	230.669)	/	2 )	/	1555.591	*	365 / 4
=	151.1305					/	1555.591	*	365 / 4
=	8.87

Snowskylt Industry Group Co (SHSE:600929) Days Sales Outstanding Explanation

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

Snowskylt Industry Group Co Days Sales Outstanding Related Terms

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Snowskylt Industry Group Co (SHSE:600929) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Snowsky Salt Industry Group Co Ltd (SHSE:600929) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 519 Jianxiang Road, Furong District, Hunan Province, Changsha, CHN, 410005

Website

http://www.hunansalt.com

Snowsky Salt Industry Group Co Ltd formerly known as Hunan Salt Industry Co Ltd is mainly engaged in the production and sale of salt products. The main products include salt, small industrial salt, daily chemical salt and others.

Executives

Zhou Jian	Director
Wang Ha Bin	Director
Liu Shao Hua	senior management
Wang Zhi Hui	Supervisors
Li Peng	Supervisors
Jiang You Jun	senior management
Zhou Qun Hui	senior management
Yang Li Shu	senior management
Li Li Qun	Supervisors
Liu Xiao Wei	senior management
Li Ying	Director
Chen Quan Sheng	Director
Wu Rong Dou	Director
Liu Xiao Zuo	Director

Snowskylt Industry Group Co (SHSE:600929) Headlines

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