Solareast Holdings Co (SHSE:603366) Days Sales Outstanding : 46.99 (As of Mar. 2024)

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What is Solareast Holdings Co Days Sales Outstanding?

Solareast Holdings Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥376 Mil. Solareast Holdings Co's Revenue for the three months ended in Mar. 2024 was ¥730 Mil. Hence, Solareast Holdings Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 46.99.

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

SHSE:603366' s Days Sales Outstanding Range Over the Past 10 Years
Min: 4.2 Med: 18.91 Max: 31.73
Current: 28.92

During the past 13 years, Solareast Holdings Co's highest Days Sales Outstanding was 31.73. The lowest was 4.20. And the median was 18.91.

SHSE:603366's Days Sales Outstanding is ranked better than
90.94% of 982 companies
in the Semiconductors industry
Industry Median: 62.23 vs SHSE:603366: 28.92

Solareast Holdings Co's Days Sales Outstanding increased from Mar. 2023 (37.76) to Mar. 2024 (46.99).

Solareast Holdings Co Days Sales Outstanding Historical Data

The historical data trend for Solareast Holdings 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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Solareast Holdings Co Days Sales Outstanding Chart

Solareast Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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23.87

25.20

22.20

31.73

29.77

Solareast Holdings 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															37.76	27.00	25.22	26.81	46.99

Competitive Comparison of Solareast Holdings Co's Days Sales Outstanding

For the Solar subindustry, Solareast Holdings 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.

Solareast Holdings Co's Days Sales Outstanding Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Solareast Holdings Co's Days Sales Outstanding distribution charts can be found below:

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

Solareast Holdings 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.

Solareast Holdings 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
=	( (401.211	+	388.772)	/	2 )	/	4842.143	*	365
=	394.9915					/	4842.143	*	365
=	29.77

Solareast Holdings 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
=	( (388.772	+	363.449)	/	2 )	/	730.442	*	365 / 4
=	376.1105					/	730.442	*	365 / 4
=	46.99

Solareast Holdings Co (SHSE:603366) Days Sales Outstanding Explanation

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

Solareast Holdings Co Days Sales Outstanding Related Terms

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Solareast Holdings Co (SHSE:603366) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solareast Holdings Co Ltd (SHSE:603366) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Ninghai Industrial Zone, Lianyungang, Jiangsu Province, CHN, 222243

Website

http://en.sunrain.com

Solareast Holdings Co Ltd, formerly Jiangsu Sunrain Solar Energy Co Ltd operates in the solar energy industry. It is specialized in research and application of solar energy. The company's products are exported to more than 100 countries and regions all over the world. It provides solutions for healthy hot water and water purification system. The product range includes heat pipe collector R1, U pipe collector, domestic series heat pump, non-pressure solar water heater, pressurized pre-heated solar water heater and solar charger.

Solareast Holdings Co (SHSE:603366) Headlines

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