IEIT Systems Co (SZSE:000977) Days Sales Outstanding : 52.03 (As of Mar. 2024)

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What is IEIT Systems Co Days Sales Outstanding?

IEIT Systems Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥10,038 Mil. IEIT Systems Co's Revenue for the three months ended in Mar. 2024 was ¥17,607 Mil. Hence, IEIT Systems Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 52.03.

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

SZSE:000977' s Days Sales Outstanding Range Over the Past 10 Years
Min: 33.7 Med: 50.89 Max: 60.46
Current: 55.72

During the past 13 years, IEIT Systems Co's highest Days Sales Outstanding was 60.46. The lowest was 33.70. And the median was 50.89.

SZSE:000977's Days Sales Outstanding is ranked better than
72.03% of 2460 companies
in the Hardware industry
Industry Median: 74.48 vs SZSE:000977: 55.72

IEIT Systems Co's Days Sales Outstanding declined from Mar. 2023 (97.59) to Mar. 2024 (52.03).

IEIT Systems Co Days Sales Outstanding Historical Data

The historical data trend for IEIT Systems 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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IEIT Systems Co Days Sales Outstanding Chart

IEIT Systems Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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52.21

52.85

54.92

60.46

56.00

IEIT Systems 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															97.59	64.09	53.20	61.64	52.03

Competitive Comparison of IEIT Systems Co's Days Sales Outstanding

For the Computer Hardware subindustry, IEIT Systems 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.

IEIT Systems Co's Days Sales Outstanding Distribution in the Hardware Industry

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

* The bar in red indicates where IEIT Systems Co's Days Sales Outstanding falls into.

IEIT Systems 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.

IEIT Systems 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
=	( (11099.73	+	9110.557)	/	2 )	/	65866.588	*	365
=	10105.1435					/	65866.588	*	365
=	56.00

IEIT Systems 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
=	( (9110.557	+	10965.848)	/	2 )	/	17606.575	*	365 / 4
=	10038.2025					/	17606.575	*	365 / 4
=	52.03

IEIT Systems Co (SZSE:000977) Days Sales Outstanding Explanation

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

IEIT Systems Co Days Sales Outstanding Related Terms

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IEIT Systems Co (SZSE:000977) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » IEIT Systems Co Ltd (SZSE:000977) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

N/A

Address

1036 Langchao Road, Shandong Province, Jinan, CHN, 250101

Website

http://www.inspur.com

IEIT Systems Co Ltd formerly Inspur Electronic Information Industry Co Ltd is a China-based cloud computing, big data service provider. It is engaged in providing cloud computing solutions and services at IaaS, PaaS and SaaS levels. Its products include rack servers, blade systems, mission-critical systems, storage devices, mainframe security products and others. The company assists customers to build platforms underpinned by cloud computing infrastructure and based on its information software for governments, enterprises, and industries, terminal products, and solutions, the company support governments, enterprises, and industries in cloud construction. The company ships its IT products and services internationally.

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