OKE Precision Cutting Tools Co (SHSE:688308) Days Sales Outstanding : 140.36 (As of Mar. 2024)

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What is OKE Precision Cutting Tools Co Days Sales Outstanding?

OKE Precision Cutting Tools Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥406 Mil. OKE Precision Cutting Tools Co's Revenue for the three months ended in Mar. 2024 was ¥264 Mil. Hence, OKE Precision Cutting Tools Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 140.36.

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

SHSE:688308' s Days Sales Outstanding Range Over the Past 10 Years
Min: 46.98 Med: 58.22 Max: 152.3
Current: 152.3

During the past 7 years, OKE Precision Cutting Tools Co's highest Days Sales Outstanding was 152.30. The lowest was 46.98. And the median was 58.22.

SHSE:688308's Days Sales Outstanding is ranked worse than
84.55% of 2957 companies
in the Industrial Products industry
Industry Median: 79.61 vs SHSE:688308: 152.30

OKE Precision Cutting Tools Co's Days Sales Outstanding increased from Mar. 2023 (112.25) to Mar. 2024 (140.36).

Warning Sign:

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

OKE Precision Cutting Tools Co Days Sales Outstanding Historical Data

The historical data trend for OKE Precision Cutting 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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OKE Precision Cutting Tools Co Days Sales Outstanding Chart

OKE Precision Cutting Tools Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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58.22

56.41

46.98

69.42

112.55

OKE Precision Cutting Tools Co 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															112.25	152.35	144.03	168.95	140.36

Competitive Comparison of OKE Precision Cutting Tools Co's Days Sales Outstanding

For the Tools & Accessories subindustry, OKE Precision Cutting 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.

OKE Precision Cutting Tools Co's Days Sales Outstanding Distribution in the Industrial Products Industry

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

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

OKE Precision Cutting 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.

OKE Precision Cutting 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
=	( (268.716	+	364.321)	/	2 )	/	1026.461	*	365
=	316.5185					/	1026.461	*	365
=	112.55

OKE Precision Cutting 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
=	( (364.321	+	447.508)	/	2 )	/	263.888	*	365 / 4
=	405.9145					/	263.888	*	365 / 4
=	140.36

OKE Precision Cutting Tools Co (SHSE:688308) Days Sales Outstanding Explanation

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

OKE Precision Cutting Tools Co Days Sales Outstanding Related Terms

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OKE Precision Cutting Tools Co (SHSE:688308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » OKE Precision Cutting Tools Co Ltd (SHSE:688308) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

No.8, Chuangye 4th Road, Small and Medium Enterprise Pioneer Park, Hunan Province. Lusong District, Yanling County, Zhuzhou, CHN, 412500

Website

http://www.oke-carbide.com

OKE Precision Cutting Tools Co Ltd is involved in the research and development, production and sales of cemented carbide products and CNC tool products. It offers CNC tool, carbide serrated blade, carbide disc and other cemented and carbide products.

OKE Precision Cutting Tools Co (SHSE:688308) Headlines

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