Shandong Daye Co (SHSE:603278) Days Sales Outstanding : 99.61 (As of Mar. 2024)

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What is Shandong Daye Co Days Sales Outstanding?

Shandong Daye Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,353 Mil. Shandong Daye Co's Revenue for the three months ended in Mar. 2024 was ¥1,239 Mil. Hence, Shandong Daye Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 99.61.

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

SHSE:603278' s Days Sales Outstanding Range Over the Past 10 Years
Min: 78.43 Med: 95.53 Max: 128.86
Current: 94.51

During the past 11 years, Shandong Daye Co's highest Days Sales Outstanding was 128.86. The lowest was 78.43. And the median was 95.53.

SHSE:603278's Days Sales Outstanding is ranked worse than
61.58% of 2946 companies
in the Industrial Products industry
Industry Median: 79.93 vs SHSE:603278: 94.51

Shandong Daye Co's Days Sales Outstanding declined from Mar. 2023 (104.84) to Mar. 2024 (99.61).

Shandong Daye Co Days Sales Outstanding Historical Data

The historical data trend for Shandong Daye 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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Shandong Daye Co Days Sales Outstanding Chart

Shandong Daye Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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85.00

88.88

78.43

98.57

92.49

Shandong Daye 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															104.84	93.27	92.04	96.05	99.61

Competitive Comparison of Shandong Daye Co's Days Sales Outstanding

For the Metal Fabrication subindustry, Shandong Daye 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.

Shandong Daye Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shandong Daye Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shandong Daye Co's Days Sales Outstanding falls into.

Shandong Daye 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.

Shandong Daye 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
=	( (1477.681	+	1338.082)	/	2 )	/	5555.921	*	365
=	1407.8815					/	5555.921	*	365
=	92.49

Shandong Daye 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
=	( (1338.082	+	1366.97)	/	2 )	/	1238.969	*	365 / 4
=	1352.526					/	1238.969	*	365 / 4
=	99.61

Shandong Daye Co (SHSE:603278) Days Sales Outstanding Explanation

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

Shandong Daye Co Days Sales Outstanding Related Terms

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Shandong Daye Co (SHSE:603278) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong Daye Co Ltd (SHSE:603278) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhu Zhu Road, Xinxing Economic and Industrial Park, Shandong Province, Zhucheng, CHN, 262218

Website

http://www.ccdaye.com

Shandong Daye Co Ltd is engaged in the bead wire, steel cord and hose wires. Its customers include tyre manufacturers such as ZC Rubber, Cheng xin, CST, Double Coin, and Aeolus Tyre. The company has established the National Rubber Frame Material Standard R&D Base, Petroleum and Chemical Industry High-Performance Bead Wire Research Center, and Shandong High-Performance Bead Wire Engineering.

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