Shenyang Fortune Precision Equipment Co (SHSE:688409) Days Sales Outstanding : 115.63 (As of Mar. 2024)

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What is Shenyang Fortune Precision Equipment Co Days Sales Outstanding?

Shenyang Fortune Precision Equipment Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥889 Mil. Shenyang Fortune Precision Equipment Co's Revenue for the three months ended in Mar. 2024 was ¥701 Mil. Hence, Shenyang Fortune Precision Equipment Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 115.63.

The historical rank and industry rank for Shenyang Fortune Precision Equipment Co's Days Sales Outstanding or its related term are showing as below:

SHSE:688409' s Days Sales Outstanding Range Over the Past 10 Years
Min: 72.5 Med: 91.59 Max: 115.61
Current: 108.08

During the past 6 years, Shenyang Fortune Precision Equipment Co's highest Days Sales Outstanding was 115.61. The lowest was 72.50. And the median was 91.59.

SHSE:688409's Days Sales Outstanding is ranked worse than
70.6% of 2956 companies
in the Industrial Products industry
Industry Median: 79.61 vs SHSE:688409: 108.08

Shenyang Fortune Precision Equipment Co's Days Sales Outstanding declined from Mar. 2023 (138.25) to Mar. 2024 (115.63).

Shenyang Fortune Precision Equipment Co Days Sales Outstanding Historical Data

The historical data trend for Shenyang Fortune Precision Equipment 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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Shenyang Fortune Precision Equipment Co Days Sales Outstanding Chart

Shenyang Fortune Precision Equipment Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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81.97

72.50

101.21

103.30

115.61

Shenyang Fortune Precision Equipment 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											138.25	102.81	106.48	100.85	115.63

Competitive Comparison of Shenyang Fortune Precision Equipment Co's Days Sales Outstanding

For the Metal Fabrication subindustry, Shenyang Fortune Precision Equipment 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.

Shenyang Fortune Precision Equipment Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenyang Fortune Precision Equipment Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shenyang Fortune Precision Equipment Co's Days Sales Outstanding falls into.

Shenyang Fortune Precision Equipment 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.

Shenyang Fortune Precision Equipment 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
=	( (531.135	+	777.528)	/	2 )	/	2065.756	*	365
=	654.3315					/	2065.756	*	365
=	115.61

Shenyang Fortune Precision Equipment 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
=	( (777.528	+	1000.226)	/	2 )	/	701.476	*	365 / 4
=	888.877					/	701.476	*	365 / 4
=	115.63

Shenyang Fortune Precision Equipment Co (SHSE:688409) Days Sales Outstanding Explanation

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

Shenyang Fortune Precision Equipment Co Days Sales Outstanding Related Terms

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Shenyang Fortune Precision Equipment Co (SHSE:688409) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenyang Fortune Precision Equipment Co Ltd (SHSE:688409) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

No. 18A-1, Feiyun Road, Hunnan District, Liaoning Province, Shenyang, CHN, 110168

Website

http://www.fortune-semi.com

Shenyang Fortune Precision Equipment Co Ltd focuses on the precision manufacturing technology of metal parts and components, and has mastered one-stop manufacturing processes such as precision machinery manufacturing, high-cleanliness surface treatment, welding, assembly, and testing that can meet stringent standards.

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