Guizhou Broadcasting & TV Information Network Co (SHSE:600996) Days Sales Outstanding : 749.02 (As of Mar. 2024)

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What is Guizhou Broadcasting & TV Information Network Co Days Sales Outstanding?

Guizhou Broadcasting & TV Information Network Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥2,962 Mil. Guizhou Broadcasting & TV Information Network Co's Revenue for the three months ended in Mar. 2024 was ¥361 Mil. Hence, Guizhou Broadcasting & TV Information Network Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 749.02.

The historical rank and industry rank for Guizhou Broadcasting & TV Information Network Co's Days Sales Outstanding or its related term are showing as below:

SHSE:600996' s Days Sales Outstanding Range Over the Past 10 Years
Min: 19.65 Med: 166.45 Max: 700.7
Current: 700.7

During the past 12 years, Guizhou Broadcasting & TV Information Network Co's highest Days Sales Outstanding was 700.70. The lowest was 19.65. And the median was 166.45.

SHSE:600996's Days Sales Outstanding is ranked worse than
98.04% of 1023 companies
in the Media - Diversified industry
Industry Median: 68.9 vs SHSE:600996: 700.70

Guizhou Broadcasting & TV Information Network Co's Days Sales Outstanding increased from Mar. 2023 (444.54) to Mar. 2024 (749.02).

Warning Sign:

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

Guizhou Broadcasting & TV Information Network Co Days Sales Outstanding Historical Data

The historical data trend for Guizhou Broadcasting & TV Information Network 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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Guizhou Broadcasting & TV Information Network Co Days Sales Outstanding Chart

Guizhou Broadcasting & TV Information Network Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

191.27

225.70

322.18

281.97

599.78

Guizhou Broadcasting & TV Information Network 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															444.54	417.39	742.36	1,633.72	749.02

Competitive Comparison of Guizhou Broadcasting & TV Information Network Co's Days Sales Outstanding

For the Broadcasting subindustry, Guizhou Broadcasting & TV Information Network 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.

Guizhou Broadcasting & TV Information Network Co's Days Sales Outstanding Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Guizhou Broadcasting & TV Information Network Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Guizhou Broadcasting & TV Information Network Co's Days Sales Outstanding falls into.

Guizhou Broadcasting & TV Information Network 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.

Guizhou Broadcasting & TV Information Network 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
=	( (3112.235	+	2975.669)	/	2 )	/	1852.424	*	365
=	3043.952					/	1852.424	*	365
=	599.78

Guizhou Broadcasting & TV Information Network 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
=	( (2975.669	+	2948.204)	/	2 )	/	360.841	*	365 / 4
=	2961.9365					/	360.841	*	365 / 4
=	749.02

Guizhou Broadcasting & TV Information Network Co (SHSE:600996) Days Sales Outstanding Explanation

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

Guizhou Broadcasting & TV Information Network Co Days Sales Outstanding Related Terms

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Guizhou Broadcasting & TV Information Network Co (SHSE:600996) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Guizhou Broadcasting & TV Information Network Co Ltd (SHSE:600996) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 36, Jinyang South Road, Guanshanhu District, Guizhou Province, Guiyang, CHN, 550081

Website

http://www.gzgdwl.com

Guizhou Broadcasting & TV Information Network Co Ltd provides radio and television program ratings services, digital TV value-added business development & management, data services and cable TV-related transmission services.

Guizhou Broadcasting & TV Information Network Co (SHSE:600996) Headlines

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