CICT Mobile Communication Technology Co (SHSE:688387) Days Sales Outstanding : 515.38 (As of Mar. 2024)

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What is CICT Mobile Communication Technology Co Days Sales Outstanding?

CICT Mobile Communication Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥5,473 Mil. CICT Mobile Communication Technology Co's Revenue for the three months ended in Mar. 2024 was ¥969 Mil. Hence, CICT Mobile Communication Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 515.38.

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

SHSE:688387' s Days Sales Outstanding Range Over the Past 10 Years
Min: 234.97 Med: 276.81 Max: 320.5
Current: 251.86

During the past 6 years, CICT Mobile Communication Technology Co's highest Days Sales Outstanding was 320.50. The lowest was 234.97. And the median was 276.81.

SHSE:688387's Days Sales Outstanding is ranked worse than
95.57% of 2459 companies
in the Hardware industry
Industry Median: 74.52 vs SHSE:688387: 251.86

CICT Mobile Communication Technology Co's Days Sales Outstanding increased from Mar. 2023 (305.34) to Mar. 2024 (515.38).

CICT Mobile Communication Technology Co Days Sales Outstanding Historical Data

The historical data trend for CICT Mobile Communication 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.

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CICT Mobile Communication Technology Co Days Sales Outstanding Chart

CICT Mobile Communication Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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320.50

295.91

257.70

236.07

234.97

CICT Mobile Communication Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial											305.34	206.72	256.56	192.04	515.38

Competitive Comparison of CICT Mobile Communication Technology Co's Days Sales Outstanding

For the Communication Equipment subindustry, CICT Mobile Communication 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.

CICT Mobile Communication Technology Co's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, CICT Mobile Communication Technology Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where CICT Mobile Communication Technology Co's Days Sales Outstanding falls into.

CICT Mobile Communication 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.

CICT Mobile Communication 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
=	( (4631.191	+	5473.702)	/	2 )	/	7848.411	*	365
=	5052.4465					/	7848.411	*	365
=	234.97

CICT Mobile Communication 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
=	( (5473.702	+	5472.3)	/	2 )	/	969.025	*	365 / 4
=	5473.001					/	969.025	*	365 / 4
=	515.38

CICT Mobile Communication Technology Co (SHSE:688387) Days Sales Outstanding Explanation

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

CICT Mobile Communication Technology Co Days Sales Outstanding Related Terms

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CICT Mobile Communication Technology Co (SHSE:688387) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » CICT Mobile Communication Technology Co Ltd (SHSE:688387) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 88, Post University Road, East Lake New Technology Development Zone, Hubei Province, Wuhan, CHN, 430074

Website

https://www.cictmobile.com

CICT Mobile Communication Technology Co Ltd is engaged in the development, application and service of mobile communication technology.

CICT Mobile Communication Technology Co (SHSE:688387) Headlines

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