Shareate Tools (SHSE:688257) Days Sales Outstanding : 128.29 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Shareate Tools Days Sales Outstanding?

Shareate Tools's average Accounts Receivable for the three months ended in Mar. 2024 was ¥555 Mil. Shareate Tools's Revenue for the three months ended in Mar. 2024 was ¥394 Mil. Hence, Shareate Tools's Days Sales Outstanding for the three months ended in Mar. 2024 was 128.29.

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

SHSE:688257' s Days Sales Outstanding Range Over the Past 10 Years
Min: 93.28 Med: 108.89 Max: 174.83
Current: 128.86

During the past 10 years, Shareate Tools's highest Days Sales Outstanding was 174.83. The lowest was 93.28. And the median was 108.89.

SHSE:688257's Days Sales Outstanding is ranked worse than
79.22% of 2960 companies
in the Industrial Products industry
Industry Median: 79.93 vs SHSE:688257: 128.86

Shareate Tools's Days Sales Outstanding increased from Mar. 2023 (114.49) to Mar. 2024 (128.29).

Shareate Tools Days Sales Outstanding Historical Data

The historical data trend for Shareate Tools'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.

Shareate Tools Days Sales Outstanding Chart

Shareate Tools Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

100.51

104.37

93.28

102.96

113.41

Shareate Tools Quarterly Data
	Dec18	Jun19	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															114.49	120.25	138.88	132.10	128.29

Competitive Comparison of Shareate Tools's Days Sales Outstanding

For the Tools & Accessories subindustry, Shareate Tools'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.

Shareate Tools's Days Sales Outstanding Distribution in the Industrial Products Industry

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

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

Shareate Tools 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.

Shareate Tools'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
=	( (426.051	+	536.726)	/	2 )	/	1549.333	*	365
=	481.3885					/	1549.333	*	365
=	113.41

Shareate Tools'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
=	( (536.726	+	572.295)	/	2 )	/	394.42	*	365 / 4
=	554.5105					/	394.42	*	365 / 4
=	128.29

Shareate Tools (SHSE:688257) Days Sales Outstanding Explanation

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

Shareate Tools Days Sales Outstanding Related Terms

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

Shareate Tools (SHSE:688257) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shareate Tools Ltd (SHSE:688257) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

133 Shuangma Street, Weiting Town, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN, 215121

Website

http://www.shareate.com

Shareate Tools Ltd is a national high-tech enterprise, engaged in cemented carbide products and rock drilling tools. Its main products are Rotary Tricone Bit, DTH Hammer & Bit for mining, water well, and oil-field drilling applications, oil drilling, and mining cemented carbide, carbide substrates for PDC bits, petroleum drill bit nozzle, ultra-fine cemented carbide rod, fine grain cutting tools, stamping die plate, cold heading dies, powder metallurgy dies, tungsten carbide tubular welding, wear parts, non-standard parts. It exports to South America, Africa, Australia, Russia, South Korea, USA, Canada and other countries.

Executives

Yang Han Min	Core technical personnel
Li Ning	Core technical personnel
	senior management
Lu Qing Zhong	Core technical personnel

Shareate Tools (SHSE:688257) Headlines

No Headlines