Guangdong Songyang Recycle Resources Co (SHSE:603863) Days Sales Outstanding : 20.44 (As of Mar. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Guangdong Songyang Recycle Resources Co Days Sales Outstanding?

Guangdong Songyang Recycle Resources Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥32.0 Mil. Guangdong Songyang Recycle Resources Co's Revenue for the three months ended in Mar. 2024 was ¥142.9 Mil. Hence, Guangdong Songyang Recycle Resources Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 20.44.

The historical rank and industry rank for Guangdong Songyang Recycle Resources Co's Days Sales Outstanding or its related term are showing as below:

SHSE:603863' s Days Sales Outstanding Range Over the Past 10 Years
Min: 7.5 Med: 24.91 Max: 45.28
Current: 19.17

During the past 12 years, Guangdong Songyang Recycle Resources Co's highest Days Sales Outstanding was 45.28. The lowest was 7.50. And the median was 24.91.

SHSE:603863's Days Sales Outstanding is ranked better than
93.01% of 286 companies
in the Forest Products industry
Industry Median: 54.445 vs SHSE:603863: 19.17

Guangdong Songyang Recycle Resources Co's Days Sales Outstanding declined from Mar. 2023 (29.09) to Mar. 2024 (20.44).

Guangdong Songyang Recycle Resources Co Days Sales Outstanding Historical Data

The historical data trend for Guangdong Songyang Recycle Resources 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.

* Premium members only.

Guangdong Songyang Recycle Resources Co Days Sales Outstanding Chart

Guangdong Songyang Recycle Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

30.35

45.28

25.40

25.62

Guangdong Songyang Recycle Resources 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															29.09	17.42	26.69	19.72	20.44

Competitive Comparison of Guangdong Songyang Recycle Resources Co's Days Sales Outstanding

For the Paper & Paper Products subindustry, Guangdong Songyang Recycle Resources 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.

Guangdong Songyang Recycle Resources Co's Days Sales Outstanding Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Guangdong Songyang Recycle Resources Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Guangdong Songyang Recycle Resources Co's Days Sales Outstanding falls into.

Guangdong Songyang Recycle Resources 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.

Guangdong Songyang Recycle Resources 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
=	( (50.71	+	42.685)	/	2 )	/	665.364	*	365
=	46.6975					/	665.364	*	365
=	25.62

Guangdong Songyang Recycle Resources 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
=	( (42.685	+	21.331)	/	2 )	/	142.863	*	365 / 4
=	32.008					/	142.863	*	365 / 4
=	20.44

Guangdong Songyang Recycle Resources Co (SHSE:603863) Days Sales Outstanding Explanation

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

Guangdong Songyang Recycle Resources Co Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Guangdong Songyang Recycle Resources Co's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Guangdong Songyang Recycle Resources Co (SHSE:603863) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Guangdong Songyang Recycle Resources Co Ltd (SHSE:603863) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Hongli Industrial Zone, Lianxia Town, Chenghai District, Guangdong Province, Shantou City, CHN, 515800

Website

http://www.sypaper.cn

Guangdong Songyang Recycle Resources Co Ltd is a high-tech enterprise engaged in the research and development, production and sales of environmentally-friendly recycled paper.

Guangdong Songyang Recycle Resources Co (SHSE:603863) Headlines

No Headlines