Zhuzhou Huarui Precision Tools Co (SHSE:688059) Days Sales Outstanding : 191.99 (As of Mar. 2024)

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What is Zhuzhou Huarui Precision Tools Co Days Sales Outstanding?

Zhuzhou Huarui Precision Tools Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥358.1 Mil. Zhuzhou Huarui Precision Tools Co's Revenue for the three months ended in Mar. 2024 was ¥170.2 Mil. Hence, Zhuzhou Huarui Precision Tools Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 191.99.

The historical rank and industry rank for Zhuzhou Huarui Precision Tools Co's Days Sales Outstanding or its related term are showing as below:

SHSE:688059' s Days Sales Outstanding Range Over the Past 10 Years
Min: 36.5 Med: 59.77 Max: 130.73
Current: 130.73

During the past 7 years, Zhuzhou Huarui Precision Tools Co's highest Days Sales Outstanding was 130.73. The lowest was 36.50. And the median was 59.77.

SHSE:688059's Days Sales Outstanding is ranked worse than
79.61% of 2957 companies
in the Industrial Products industry
Industry Median: 79.67 vs SHSE:688059: 130.73

Zhuzhou Huarui Precision Tools Co's Days Sales Outstanding increased from Mar. 2023 (102.66) to Mar. 2024 (191.99).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Zhuzhou Huarui Precision Tools Co Days Sales Outstanding Historical Data

The historical data trend for Zhuzhou Huarui Precision Tools 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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Zhuzhou Huarui Precision Tools Co Days Sales Outstanding Chart

Zhuzhou Huarui Precision Tools Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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59.77

65.66

53.84

69.65

113.14

Zhuzhou Huarui Precision Tools Co Quarterly Data
	Mar19	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															102.66	93.10	109.65	146.05	191.99

Competitive Comparison of Zhuzhou Huarui Precision Tools Co's Days Sales Outstanding

For the Tools & Accessories subindustry, Zhuzhou Huarui Precision Tools 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.

Zhuzhou Huarui Precision Tools Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhuzhou Huarui Precision Tools Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Zhuzhou Huarui Precision Tools Co's Days Sales Outstanding falls into.

Zhuzhou Huarui Precision Tools 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.

Zhuzhou Huarui Precision Tools 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
=	( (150.448	+	341.963)	/	2 )	/	794.271	*	365
=	246.2055					/	794.271	*	365
=	113.14

Zhuzhou Huarui Precision Tools 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
=	( (341.963	+	374.336)	/	2 )	/	170.222	*	365 / 4
=	358.1495					/	170.222	*	365 / 4
=	191.99

Zhuzhou Huarui Precision Tools Co (SHSE:688059) Days Sales Outstanding Explanation

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

Zhuzhou Huarui Precision Tools Co Days Sales Outstanding Related Terms

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Zhuzhou Huarui Precision Tools Co (SHSE:688059) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhuzhou Huarui Precision Tools Co Ltd (SHSE:688059) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 68, Chuangye 2nd Road, Lusong District, Hunan Province, Zhuzhou, CHN, 412000

Website

https://www.chinacuttingtools.cn

Zhuzhou Huarui Precision Tools Co Ltd is engaged in research and development, production and sales of cemented carbide tools, solid carbide end mills, welded and clamped cutting tools and cemented carbide material. The company's products are mainly used in aerospace, rail transit, automobile, energy, precision electronics, precision mold and other industries.

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