Hefei I-TEK OptoElectronics Co (SHSE:688610) Days Sales Outstanding : 204.88 (As of Mar. 2024)

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What is Hefei I-TEK OptoElectronics Co Days Sales Outstanding?

Hefei I-TEK OptoElectronics Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥141.2 Mil. Hefei I-TEK OptoElectronics Co's Revenue for the three months ended in Mar. 2024 was ¥62.9 Mil. Hence, Hefei I-TEK OptoElectronics Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 204.88.

The historical rank and industry rank for Hefei I-TEK OptoElectronics Co's Days Sales Outstanding or its related term are showing as below:

SHSE:688610' s Days Sales Outstanding Range Over the Past 10 Years
Min: 41.27 Med: 93.45 Max: 171.54
Current: 171.54

During the past 5 years, Hefei I-TEK OptoElectronics Co's highest Days Sales Outstanding was 171.54. The lowest was 41.27. And the median was 93.45.

SHSE:688610's Days Sales Outstanding is ranked worse than
91.22% of 2459 companies
in the Hardware industry
Industry Median: 74.44 vs SHSE:688610: 171.54

Hefei I-TEK OptoElectronics Co's Days Sales Outstanding increased from Mar. 2023 (127.45) to Mar. 2024 (204.88).

Warning Sign:

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

Hefei I-TEK OptoElectronics Co Days Sales Outstanding Historical Data

The historical data trend for Hefei I-TEK OptoElectronics 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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Hefei I-TEK OptoElectronics Co Days Sales Outstanding Chart

Hefei I-TEK OptoElectronics Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

41.27

47.31

93.45

104.49

167.11

Hefei I-TEK OptoElectronics Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial								127.45	136.29	209.68	148.97	204.88

Competitive Comparison of Hefei I-TEK OptoElectronics Co's Days Sales Outstanding

For the Electronic Components subindustry, Hefei I-TEK OptoElectronics 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.

Hefei I-TEK OptoElectronics Co's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hefei I-TEK OptoElectronics Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Hefei I-TEK OptoElectronics Co's Days Sales Outstanding falls into.

Hefei I-TEK OptoElectronics 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.

Hefei I-TEK OptoElectronics 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
=	( (80.134	+	135.578)	/	2 )	/	235.575	*	365
=	107.856					/	235.575	*	365
=	167.11

Hefei I-TEK OptoElectronics 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
=	( (135.578	+	146.823)	/	2 )	/	62.888	*	365 / 4
=	141.2005					/	62.888	*	365 / 4
=	204.88

Hefei I-TEK OptoElectronics Co (SHSE:688610) Days Sales Outstanding Explanation

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

Hefei I-TEK OptoElectronics Co Days Sales Outstanding Related Terms

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Hefei I-TEK OptoElectronics Co (SHSE:688610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hefei I-TEK OptoElectronics Co Ltd (SHSE:688610) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

Wangjiang West Road, 3rd Floor, Building J2, Phase II, Zhongan Chuanggu Science and Technology Park, High-tech Zone, Anhui, Hefei, CHN, 230088

Website

http://www.i-tek.cn

Hefei I-TEK OptoElectronics Co Ltd is a national high-tech enterprise specializing in research & development, production and sales of high-end industrial imaging components. Echo Optoelectronics has always focused on technological innovation and adhered to the positioning of high-end products. It is a high-end domestic brand pioneer enterprise with independent innovation in the field of machine vision.

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