Ningbo Tuopu Group Co (SHSE:601689) Days Sales Outstanding : 80.71 (As of Mar. 2024)

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What is Ningbo Tuopu Group Co Days Sales Outstanding?

Ningbo Tuopu Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥5,031 Mil. Ningbo Tuopu Group Co's Revenue for the three months ended in Mar. 2024 was ¥5,688 Mil. Hence, Ningbo Tuopu Group Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 80.71.

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

SHSE:601689' s Days Sales Outstanding Range Over the Past 10 Years
Min: 66.6 Med: 85.15 Max: 88.8
Current: 81.98

During the past 13 years, Ningbo Tuopu Group Co's highest Days Sales Outstanding was 88.80. The lowest was 66.60. And the median was 85.15.

SHSE:601689's Days Sales Outstanding is ranked worse than
73.15% of 1270 companies
in the Vehicles & Parts industry
Industry Median: 60.635 vs SHSE:601689: 81.98

Ningbo Tuopu Group Co's Days Sales Outstanding declined from Mar. 2023 (86.56) to Mar. 2024 (80.71).

Ningbo Tuopu Group Co Days Sales Outstanding Historical Data

The historical data trend for Ningbo Tuopu 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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Ningbo Tuopu Group Co Days Sales Outstanding Chart

Ningbo Tuopu Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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88.80

88.02

78.83

85.76

86.65

Ningbo Tuopu 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															86.56	86.50	85.03	78.48	80.71

Competitive Comparison of Ningbo Tuopu Group Co's Days Sales Outstanding

For the Auto Parts subindustry, Ningbo Tuopu 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.

Ningbo Tuopu Group Co's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ningbo Tuopu Group Co's Days Sales Outstanding distribution charts can be found below:

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

Ningbo Tuopu 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.

Ningbo Tuopu 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
=	( (4347.461	+	5006.715)	/	2 )	/	19700.56	*	365
=	4677.088					/	19700.56	*	365
=	86.65

Ningbo Tuopu 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
=	( (5006.715	+	5055.305)	/	2 )	/	5688.212	*	365 / 4
=	5031.01					/	5688.212	*	365 / 4
=	80.71

Ningbo Tuopu Group Co (SHSE:601689) Days Sales Outstanding Explanation

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

Ningbo Tuopu Group Co Days Sales Outstanding Related Terms

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Ningbo Tuopu Group Co (SHSE:601689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo Tuopu Group Co Ltd (SHSE:601689) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.268, Yuwangshan Road, Daqi Street, Beilun District, Zhejiang, Ningbo, CHN, 315800

Website

https://www.tuopu.com

Ningbo Tuopu Group Co Ltd is a China-based company that engages in the manufacturing and sale of automotive components for international and domestic automobile manufacturers. Its product lines include automobile NVH vibration control parts, acoustic systems, lightweight power chassis systems, intelligent driving systems, and thermal management systems. The company generates the majority of its revenue from the domestic market.

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