Fujian Highton Development Co (SHSE:603162) Days Sales Outstanding : 15.53 (As of Mar. 2024)

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What is Fujian Highton Development Co Days Sales Outstanding?

Fujian Highton Development Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥136 Mil. Fujian Highton Development Co's Revenue for the three months ended in Mar. 2024 was ¥798 Mil. Hence, Fujian Highton Development Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 15.53.

The historical rank and industry rank for Fujian Highton Development Co's Days Sales Outstanding or its related term are showing as below:

SHSE:603162' s Days Sales Outstanding Range Over the Past 10 Years
Min: 10.89 Med: 15.81 Max: 18.65
Current: 16.46

During the past 7 years, Fujian Highton Development Co's highest Days Sales Outstanding was 18.65. The lowest was 10.89. And the median was 15.81.

SHSE:603162's Days Sales Outstanding is ranked better than
85.42% of 967 companies
in the Transportation industry
Industry Median: 45.87 vs SHSE:603162: 16.46

Fujian Highton Development Co's Days Sales Outstanding declined from Mar. 2023 (19.38) to Mar. 2024 (15.53).

Fujian Highton Development Co Days Sales Outstanding Historical Data

The historical data trend for Fujian Highton Development 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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Fujian Highton Development Co Days Sales Outstanding Chart

Fujian Highton Development Co Annual Data

Trend

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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10.97

18.15

16.70

14.32

18.65

Fujian Highton Development Co Quarterly Data
	Dec13	Jun14	Dec14	Jun15	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial											19.38	16.84	15.58	14.63	15.53

Competitive Comparison of Fujian Highton Development Co's Days Sales Outstanding

For the Marine Shipping subindustry, Fujian Highton Development 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.

Fujian Highton Development Co's Days Sales Outstanding Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Fujian Highton Development Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Fujian Highton Development Co's Days Sales Outstanding falls into.

Fujian Highton Development 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.

Fujian Highton Development 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
=	( (60.906	+	113.35)	/	2 )	/	1705.344	*	365
=	87.128					/	1705.344	*	365
=	18.65

Fujian Highton Development 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
=	( (113.35	+	158.133)	/	2 )	/	797.649	*	365 / 4
=	135.7415					/	797.649	*	365 / 4
=	15.53

Fujian Highton Development Co (SHSE:603162) Days Sales Outstanding Explanation

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

Fujian Highton Development Co Days Sales Outstanding Related Terms

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Fujian Highton Development Co (SHSE:603162) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Fujian Highton Development Co Ltd (SHSE:603162) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Jinjingwan Business Operation Center, Room 1705-2, Floor 17, Building 3, Pingtan Comprehensive Experimental Zone, Fujian Province, CHN, 350401

Website

http://www.fj-highton.com

Fujian Highton Development Co Ltd is mainly engaged in domestic coastal and international ocean shipping of dry bulk cargo.

Fujian Highton Development Co (SHSE:603162) Headlines

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