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Zhejiang Heda Technology Co (SHSE:688296) Days Sales Outstanding : 332.10 (As of Mar. 2024)


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What is Zhejiang Heda Technology Co Days Sales Outstanding?

Zhejiang Heda Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥285.4 Mil. Zhejiang Heda Technology Co's Revenue for the three months ended in Mar. 2024 was ¥78.4 Mil. Hence, Zhejiang Heda Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 332.10.

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

SHSE:688296' s Days Sales Outstanding Range Over the Past 10 Years
Min: 67.83   Med: 116.19   Max: 324.39
Current: 324.39

During the past 10 years, Zhejiang Heda Technology Co's highest Days Sales Outstanding was 324.39. The lowest was 67.83. And the median was 116.19.

SHSE:688296's Days Sales Outstanding is ranked worse than
96.26% of 508 companies
in the Utilities - Regulated industry
Industry Median: 53.89 vs SHSE:688296: 324.39

Zhejiang Heda Technology Co's Days Sales Outstanding declined from Mar. 2023 (413.51) to Mar. 2024 (332.10).

Warning Sign:

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


Zhejiang Heda Technology Co Days Sales Outstanding Historical Data

The historical data trend for Zhejiang Heda Technology 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.

Zhejiang Heda Technology Co Days Sales Outstanding Chart

Zhejiang Heda Technology Co Annual Data
Trend Dec12 Dec13 Dec14 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 118.20 118.91 142.30 222.38 322.42

Zhejiang Heda Technology Co Quarterly Data
Dec17 Dec18 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 413.51 455.94 469.49 196.08 332.10

Competitive Comparison of Zhejiang Heda Technology Co's Days Sales Outstanding

For the Utilities - Regulated Water subindustry, Zhejiang Heda Technology 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.


Zhejiang Heda Technology Co's Days Sales Outstanding Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Zhejiang Heda Technology Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Zhejiang Heda Technology Co's Days Sales Outstanding falls into.



Zhejiang Heda Technology 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.

Zhejiang Heda Technology 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
=( (323.686 + 282.388) / 2 ) / 343.052*365
=303.037 / 343.052*365
=322.42

Zhejiang Heda Technology 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
=( (282.388 + 288.487) / 2 ) / 78.428*365 / 4
=285.4375 / 78.428*365 / 4
=332.10

* 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.


Zhejiang Heda Technology Co  (SHSE:688296) Days Sales Outstanding Explanation

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


Zhejiang Heda Technology Co Days Sales Outstanding Related Terms

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Zhejiang Heda Technology Co (SHSE:688296) Business Description

Traded in Other Exchanges
N/A
Address
36 Changsheng South Road, Building 18, Jiaxing Smart Industrial Innovation Park, Economic and Technological Development Zone, Zhejiang Province, Jiaxing, CHN, 314006
Zhejiang Heda Technology Co Ltd focuses on serving water supply, drainage, water conservancy, and agricultural drinking water.
Executives
Guo Jun Director
Wang Ya Ping senior management
Zhu Ji Xin Director
Zhang Hai Hua Director
Wang Xiao Peng Director
Yang Hai Feng Core technical personnel

Zhejiang Heda Technology Co (SHSE:688296) Headlines

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