Chongqing Construction Engineering Group Co (SHSE:600939) Days Sales Outstanding : 245.87 (As of Mar. 2024)

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What is Chongqing Construction Engineering Group Co Days Sales Outstanding?

Chongqing Construction Engineering Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥19,988 Mil. Chongqing Construction Engineering Group Co's Revenue for the three months ended in Mar. 2024 was ¥7,418 Mil. Hence, Chongqing Construction Engineering Group Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 245.87.

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

SHSE:600939' s Days Sales Outstanding Range Over the Past 10 Years
Min: 81.92 Med: 108.56 Max: 166.76
Current: 166.76

During the past 13 years, Chongqing Construction Engineering Group Co's highest Days Sales Outstanding was 166.76. The lowest was 81.92. And the median was 108.56.

SHSE:600939's Days Sales Outstanding is ranked worse than
81.84% of 1641 companies
in the Construction industry
Industry Median: 73.38 vs SHSE:600939: 166.76

Chongqing Construction Engineering Group Co's Days Sales Outstanding increased from Mar. 2023 (149.55) to Mar. 2024 (245.87).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Chongqing Construction Engineering Group Co Days Sales Outstanding Historical Data

The historical data trend for Chongqing Construction Engineering 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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Chongqing Construction Engineering Group Co Days Sales Outstanding Chart

Chongqing Construction Engineering Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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107.32

95.08

96.43

134.61

163.24

Chongqing Construction Engineering 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															149.55	163.32	147.70	145.25	245.87

Competitive Comparison of Chongqing Construction Engineering Group Co's Days Sales Outstanding

For the Engineering & Construction subindustry, Chongqing Construction Engineering 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.

Chongqing Construction Engineering Group Co's Days Sales Outstanding Distribution in the Construction Industry

For the Construction industry and Industrials sector, Chongqing Construction Engineering Group Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Chongqing Construction Engineering Group Co's Days Sales Outstanding falls into.

Chongqing Construction Engineering 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.

Chongqing Construction Engineering 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
=	( (19092.576	+	20899.202)	/	2 )	/	44710.33	*	365
=	19995.889					/	44710.33	*	365
=	163.24

Chongqing Construction Engineering 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
=	( (20899.202	+	19076.963)	/	2 )	/	7418.288	*	365 / 4
=	19988.0825					/	7418.288	*	365 / 4
=	245.87

Chongqing Construction Engineering Group Co (SHSE:600939) Days Sales Outstanding Explanation

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

Chongqing Construction Engineering Group Co Days Sales Outstanding Related Terms

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Chongqing Construction Engineering Group Co (SHSE:600939) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chongqing Construction Engineering Group Co Ltd (SHSE:600939) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No.1596, Jinkai Avenue, Liangjiang New District, Economic Development Zone, Chongqing, CHN, 401122

Website

http://www.cceg.cn

Chongqing Construction Engineering Group Co Ltd is a China based civil engineering construction company. It is engaged in the housing construction and highway construction. The company is involved in the industrial field of building installation field, municipal infrastructure, construction industry and logistics, construction project investment management, building technology, and construction finance. The company has a business presence in China, and various other countries. It focuses on the construction of high-rise buildings, highways, large span bridges and tunnel construction, commodity concrete production, construction machinery manufacturing and other core technologies.

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