MCC Meili Cloud Computing Industry Investment Co (SZSE:000815) Days Sales Outstanding : 79.91 (As of Mar. 2024)

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What is MCC Meili Cloud Computing Industry Investment Co Days Sales Outstanding?

MCC Meili Cloud Computing Industry Investment Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥206 Mil. MCC Meili Cloud Computing Industry Investment Co's Revenue for the three months ended in Mar. 2024 was ¥236 Mil. Hence, MCC Meili Cloud Computing Industry Investment Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 79.91.

The historical rank and industry rank for MCC Meili Cloud Computing Industry Investment Co's Days Sales Outstanding or its related term are showing as below:

SZSE:000815' s Days Sales Outstanding Range Over the Past 10 Years
Min: 22.85 Med: 50.61 Max: 84.08
Current: 68.77

During the past 13 years, MCC Meili Cloud Computing Industry Investment Co's highest Days Sales Outstanding was 84.08. The lowest was 22.85. And the median was 50.61.

SZSE:000815's Days Sales Outstanding is ranked worse than
69.23% of 286 companies
in the Forest Products industry
Industry Median: 54.445 vs SZSE:000815: 68.77

MCC Meili Cloud Computing Industry Investment Co's Days Sales Outstanding declined from Mar. 2023 (93.22) to Mar. 2024 (79.91).

MCC Meili Cloud Computing Industry Investment Co Days Sales Outstanding Historical Data

The historical data trend for MCC Meili Cloud Computing Industry Investment 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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MCC Meili Cloud Computing Industry Investment Co Days Sales Outstanding Chart

MCC Meili Cloud Computing Industry Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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29.03

50.92

73.87

84.08

71.82

MCC Meili Cloud Computing Industry Investment 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															93.22	77.41	62.12	61.54	79.91

Competitive Comparison of MCC Meili Cloud Computing Industry Investment Co's Days Sales Outstanding

For the Paper & Paper Products subindustry, MCC Meili Cloud Computing Industry Investment 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.

MCC Meili Cloud Computing Industry Investment Co's Days Sales Outstanding Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, MCC Meili Cloud Computing Industry Investment Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where MCC Meili Cloud Computing Industry Investment Co's Days Sales Outstanding falls into.

MCC Meili Cloud Computing Industry Investment 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.

MCC Meili Cloud Computing Industry Investment 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
=	( (241.487	+	184.178)	/	2 )	/	1081.656	*	365
=	212.8325					/	1081.656	*	365
=	71.82

MCC Meili Cloud Computing Industry Investment 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
=	( (184.178	+	228.375)	/	2 )	/	235.552	*	365 / 4
=	206.2765					/	235.552	*	365 / 4
=	79.91

MCC Meili Cloud Computing Industry Investment Co (SZSE:000815) Days Sales Outstanding Explanation

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

MCC Meili Cloud Computing Industry Investment Co Days Sales Outstanding Related Terms

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MCC Meili Cloud Computing Industry Investment Co (SZSE:000815) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » MCC Meili Cloud Computing Industry Investment Co Ltd (SZSE:000815) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Telyuan Town, Shapotou District, Zhongwei, CHN

Website

http://www.china-meili.com

MCC Meili Cloud Computing Industry Investment Co Ltd is engaged in the manufacture and sale of cultural and specialty papers, and packaging papers. The business activities are functioned through China. The company's main products consist of Silver light high strength corrugated base paper, High-strength corrugated base paper. Color cardboard. Color offset paper. Loose leaf, Offset printing paper, Ruixue double adhesive tape, Electrostatic copy paper and others. Further, it is also involved in providing cloud platform services, cloud infrastructure services, cloud software services.

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