Fortior Technology (Shenzhen) Co (SHSE:688279) Days Sales Outstanding : 5.43 (As of Mar. 2024)

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What is Fortior Technology (Shenzhen) Co Days Sales Outstanding?

Fortior Technology (Shenzhen) Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥6.9 Mil. Fortior Technology (Shenzhen) Co's Revenue for the three months ended in Mar. 2024 was ¥116.2 Mil. Hence, Fortior Technology (Shenzhen) Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 5.43.

The historical rank and industry rank for Fortior Technology (Shenzhen) Co's Days Sales Outstanding or its related term are showing as below:

SHSE:688279' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.91 Med: 1.74 Max: 5.15
Current: 5.15

During the past 6 years, Fortior Technology (Shenzhen) Co's highest Days Sales Outstanding was 5.15. The lowest was 0.91. And the median was 1.74.

SHSE:688279's Days Sales Outstanding is ranked better than
99.29% of 982 companies
in the Semiconductors industry
Industry Median: 62.61 vs SHSE:688279: 5.15

Fortior Technology (Shenzhen) Co's Days Sales Outstanding increased from Mar. 2023 (4.74) to Mar. 2024 (5.43).

Fortior Technology (Shenzhen) Co Days Sales Outstanding Historical Data

The historical data trend for Fortior Technology (Shenzhen) 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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Fortior Technology (Shenzhen) Co Days Sales Outstanding Chart

Fortior Technology (Shenzhen) Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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1.32

1.40

2.07

2.37

3.19

Fortior Technology (Shenzhen) Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial												4.74	6.23	4.16	3.72	5.43

Competitive Comparison of Fortior Technology (Shenzhen) Co's Days Sales Outstanding

For the Semiconductors subindustry, Fortior Technology (Shenzhen) 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.

Fortior Technology (Shenzhen) Co's Days Sales Outstanding Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Fortior Technology (Shenzhen) Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Fortior Technology (Shenzhen) Co's Days Sales Outstanding falls into.

Fortior Technology (Shenzhen) 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.

Fortior Technology (Shenzhen) 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
=	( (1.428	+	5.771)	/	2 )	/	411.359	*	365
=	3.5995					/	411.359	*	365
=	3.19

Fortior Technology (Shenzhen) 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
=	( (5.771	+	8.052)	/	2 )	/	116.193	*	365 / 4
=	6.9115					/	116.193	*	365 / 4
=	5.43

Fortior Technology (Shenzhen) Co (SHSE:688279) Days Sales Outstanding Explanation

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

Fortior Technology (Shenzhen) Co Days Sales Outstanding Related Terms

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Fortior Technology (Shenzhen) Co (SHSE:688279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Fortior Technology (Shenzhen) Co Ltd (SHSE:688279) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Kejizhong 2 Road, Room 203, Building 11, Shenzhen Software Park (Phase 2), High-tech Zone, Nanshan District, Guangdong Province, Shenzhen, CHN, 518000

Website

https://www.fortiortech.com

Fortior Technology (Shenzhen) Co Ltd is engaged in the research and development, design and sales of special chips for BLDC motor drive control.

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