Chengdu Zhimingda Electronics Co (SHSE:688636) Days Sales Outstanding : 1,205.92 (As of Mar. 2024)

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What is Chengdu Zhimingda Electronics Co Days Sales Outstanding?

Chengdu Zhimingda Electronics Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥647.5 Mil. Chengdu Zhimingda Electronics Co's Revenue for the three months ended in Mar. 2024 was ¥49.0 Mil. Hence, Chengdu Zhimingda Electronics Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 1,205.92.

The historical rank and industry rank for Chengdu Zhimingda Electronics Co's Days Sales Outstanding or its related term are showing as below:

SHSE:688636' s Days Sales Outstanding Range Over the Past 10 Years
Min: 203.01 Med: 241.26 Max: 336.91
Current: 336.91

During the past 7 years, Chengdu Zhimingda Electronics Co's highest Days Sales Outstanding was 336.91. The lowest was 203.01. And the median was 241.26.

SHSE:688636's Days Sales Outstanding is ranked worse than
97.4% of 2459 companies
in the Hardware industry
Industry Median: 74.23 vs SHSE:688636: 336.91

Chengdu Zhimingda Electronics Co's Days Sales Outstanding increased from Mar. 2023 (618.75) to Mar. 2024 (1,205.92).

Warning Sign:

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

Chengdu Zhimingda Electronics Co Days Sales Outstanding Historical Data

The historical data trend for Chengdu Zhimingda Electronics 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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Chengdu Zhimingda Electronics Co Days Sales Outstanding Chart

Chengdu Zhimingda Electronics Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

247.85

221.63

203.01

256.25

309.92

Chengdu Zhimingda Electronics Co Quarterly Data
	Mar19	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															618.75	204.08	588.56	221.56	1,205.92

Competitive Comparison of Chengdu Zhimingda Electronics Co's Days Sales Outstanding

For the Computer Hardware subindustry, Chengdu Zhimingda Electronics 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.

Chengdu Zhimingda Electronics Co's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Chengdu Zhimingda Electronics Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Chengdu Zhimingda Electronics Co's Days Sales Outstanding falls into.

Chengdu Zhimingda Electronics 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.

Chengdu Zhimingda Electronics 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
=	( (458.815	+	667.078)	/	2 )	/	663	*	365
=	562.9465					/	663	*	365
=	309.92

Chengdu Zhimingda Electronics 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
=	( (667.078	+	627.863)	/	2 )	/	48.993	*	365 / 4
=	647.4705					/	48.993	*	365 / 4
=	1,205.92

Chengdu Zhimingda Electronics Co (SHSE:688636) Days Sales Outstanding Explanation

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

Chengdu Zhimingda Electronics Co Days Sales Outstanding Related Terms

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Chengdu Zhimingda Electronics Co (SHSE:688636) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chengdu Zhimingda Electronics Co Ltd (SHSE:688636) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 229, Jingye Road, Unit D, Building H3, Qingyang District, Sichuan Province, Chengdu, CHN, 610091

Website

http://www.zmdde.com

Chengdu Zhimingda Electronics Co Ltd provides customized embedded computer modules and solutions. The company focuses on the development of embedded computers, power supplies and related system equipment, and provides customized solutions, products and services based on customer needs.

Executives

Jiang Hu	Director
Wan Chong Gang	senior management
Qin Yin	Director
Chen Yun Song	senior management
Long Bo	Director
Wang Yong	Director

Chengdu Zhimingda Electronics Co (SHSE:688636) Headlines

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