HitGen (SHSE:688222) Days Sales Outstanding : 72.85 (As of Mar. 2024)

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What is HitGen Days Sales Outstanding?

HitGen's average Accounts Receivable for the three months ended in Mar. 2024 was ¥85.7 Mil. HitGen's Revenue for the three months ended in Mar. 2024 was ¥107.4 Mil. Hence, HitGen's Days Sales Outstanding for the three months ended in Mar. 2024 was 72.85.

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

SHSE:688222' s Days Sales Outstanding Range Over the Past 10 Years
Min: 20.26 Med: 63.39 Max: 95.93
Current: 73.01

During the past 8 years, HitGen's highest Days Sales Outstanding was 95.93. The lowest was 20.26. And the median was 63.39.

SHSE:688222's Days Sales Outstanding is ranked worse than
50.22% of 890 companies
in the Biotechnology industry
Industry Median: 72.665 vs SHSE:688222: 73.01

HitGen's Days Sales Outstanding declined from Mar. 2023 (111.48) to Mar. 2024 (72.85).

HitGen Days Sales Outstanding Historical Data

The historical data trend for HitGen'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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HitGen Days Sales Outstanding Chart

HitGen Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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36.19

66.75

80.98

95.93

95.21

HitGen 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															111.48	80.59	83.39	66.30	72.85

Competitive Comparison of HitGen's Days Sales Outstanding

For the Biotechnology subindustry, HitGen'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.

HitGen's Days Sales Outstanding Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, HitGen's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where HitGen's Days Sales Outstanding falls into.

HitGen 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.

HitGen'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
=	( (96.904	+	96.822)	/	2 )	/	371.325	*	365
=	96.863					/	371.325	*	365
=	95.21

HitGen'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
=	( (96.822	+	74.632)	/	2 )	/	107.382	*	365 / 4
=	85.727					/	107.382	*	365 / 4
=	72.85

HitGen (SHSE:688222) Days Sales Outstanding Explanation

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

HitGen Days Sales Outstanding Related Terms

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HitGen (SHSE:688222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » HitGen Inc (SHSE:688222) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, Section 2, Biocity Middle Road, Chengdu Tianfu International Biological City, Shuangliu District, Sichuan Province, Chengdu, CHN, 610093

Website

https://www.hitgen.com

HitGen Inc is engaged in drug research and development and provision of technical consultation, technology transfer, and technical services. The company uses DEL technology to provide research and development services for early drug discovery and transfer of new drug R&D projects.

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