Shanghai Jinjiang Shipping (Group) Co (SHSE:601083) Days Sales Outstanding : 40.50 (As of Mar. 2024)

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What is Shanghai Jinjiang Shipping (Group) Co Days Sales Outstanding?

Shanghai Jinjiang Shipping (Group) Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥555 Mil. Shanghai Jinjiang Shipping (Group) Co's Revenue for the three months ended in Mar. 2024 was ¥1,250 Mil. Hence, Shanghai Jinjiang Shipping (Group) Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 40.50.

The historical rank and industry rank for Shanghai Jinjiang Shipping (Group) Co's Days Sales Outstanding or its related term are showing as below:

SHSE:601083' s Days Sales Outstanding Range Over the Past 10 Years
Min: 42.11 Med: 43.9 Max: 47.93
Current: 44.64

During the past 5 years, Shanghai Jinjiang Shipping (Group) Co's highest Days Sales Outstanding was 47.93. The lowest was 42.11. And the median was 43.90.

SHSE:601083's Days Sales Outstanding is ranked better than
51.35% of 964 companies
in the Transportation industry
Industry Median: 45.835 vs SHSE:601083: 44.64

Shanghai Jinjiang Shipping (Group) Co's Days Sales Outstanding declined from Mar. 2023 (57.52) to Mar. 2024 (40.50).

Shanghai Jinjiang Shipping (Group) Co Days Sales Outstanding Historical Data

The historical data trend for Shanghai Jinjiang Shipping (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.

* Premium members only.

Shanghai Jinjiang Shipping (Group) Co Days Sales Outstanding Chart

Shanghai Jinjiang Shipping (Group) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

43.90

47.93

42.11

42.93

47.00

Shanghai Jinjiang Shipping (Group) Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial							57.52	44.03	49.43	44.33	40.50

Competitive Comparison of Shanghai Jinjiang Shipping (Group) Co's Days Sales Outstanding

For the Marine Shipping subindustry, Shanghai Jinjiang Shipping (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.

Shanghai Jinjiang Shipping (Group) Co's Days Sales Outstanding Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Shanghai Jinjiang Shipping (Group) Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shanghai Jinjiang Shipping (Group) Co's Days Sales Outstanding falls into.

Shanghai Jinjiang Shipping (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.

Shanghai Jinjiang Shipping (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
=	( (868.59	+	487.529)	/	2 )	/	5266.129	*	365
=	678.0595					/	5266.129	*	365
=	47.00

Shanghai Jinjiang Shipping (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
=	( (487.529	+	622.316)	/	2 )	/	1250.308	*	365 / 4
=	554.9225					/	1250.308	*	365 / 4
=	40.50

Shanghai Jinjiang Shipping (Group) Co (SHSE:601083) Days Sales Outstanding Explanation

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

Shanghai Jinjiang Shipping (Group) Co Days Sales Outstanding Related Terms

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Shanghai Jinjiang Shipping (Group) Co (SHSE:601083) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shanghai Jinjiang Shipping (Group) Co Ltd (SHSE:601083) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 98 Huaihai Middle Road, 15th Floor, Admiralty Plaza, Shanghai, CHN, 200021

Website

https://www.jjshipping.cn

Shanghai Jinjiang Shipping (Group) Co Ltd is engaged in International and domestic maritime container transportation business.

Shanghai Jinjiang Shipping (Group) Co (SHSE:601083) Headlines

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