Wei Long Grape Wine Co (SHSE:603779) Days Sales Outstanding : 12.71 (As of Mar. 2024)

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What is Wei Long Grape Wine Co Days Sales Outstanding?

Wei Long Grape Wine Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥19.0 Mil. Wei Long Grape Wine Co's Revenue for the three months ended in Mar. 2024 was ¥136.2 Mil. Hence, Wei Long Grape Wine Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 12.71.

The historical rank and industry rank for Wei Long Grape Wine Co's Days Sales Outstanding or its related term are showing as below:

SHSE:603779' s Days Sales Outstanding Range Over the Past 10 Years
Min: 19.26 Med: 38.76 Max: 61.83
Current: 19.26

During the past 13 years, Wei Long Grape Wine Co's highest Days Sales Outstanding was 61.83. The lowest was 19.26. And the median was 38.76.

SHSE:603779's Days Sales Outstanding is ranked better than
77.25% of 211 companies
in the Beverages - Alcoholic industry
Industry Median: 42.24 vs SHSE:603779: 19.26

Wei Long Grape Wine Co's Days Sales Outstanding declined from Mar. 2023 (69.80) to Mar. 2024 (12.71).

Wei Long Grape Wine Co Days Sales Outstanding Historical Data

The historical data trend for Wei Long Grape Wine 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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Wei Long Grape Wine Co Days Sales Outstanding Chart

Wei Long Grape Wine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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50.46

61.83

31.20

39.78

37.73

Wei Long Grape Wine 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															69.80	23.78	25.15	15.13	12.71

Competitive Comparison of Wei Long Grape Wine Co's Days Sales Outstanding

For the Beverages - Wineries & Distilleries subindustry, Wei Long Grape Wine 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.

Wei Long Grape Wine Co's Days Sales Outstanding Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Wei Long Grape Wine Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Wei Long Grape Wine Co's Days Sales Outstanding falls into.

Wei Long Grape Wine 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.

Wei Long Grape Wine 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
=	( (64.12	+	15.447)	/	2 )	/	384.832	*	365
=	39.7835					/	384.832	*	365
=	37.73

Wei Long Grape Wine 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
=	( (15.447	+	22.507)	/	2 )	/	136.193	*	365 / 4
=	18.977					/	136.193	*	365 / 4
=	12.71

Wei Long Grape Wine Co (SHSE:603779) Days Sales Outstanding Explanation

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

Wei Long Grape Wine Co Days Sales Outstanding Related Terms

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Wei Long Grape Wine Co (SHSE:603779) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Wei Long Grape Wine Co Ltd (SHSE:603779) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

276 Huan Cheng Bei Lu, Longkou Shi, Shandong Sheng, Yantai Shi, CHN, 265701

Website

http://www.weilong.com

Wei Long Grape Wine Co Ltd produces and sells wines in China. Its business scope includes wine grape cultivation, winemaking, bottling, and packaging. It offers organic, dry red, dry white, special grape, and green wines, as well as sweet wine, brandy, and sparkling wine.

Executives

Wang Zhen Hai

Director

Wei Long Grape Wine Co (SHSE:603779) Headlines

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