Zhejiang Zhengte Co (SZSE:001238) Days Sales Outstanding : 39.11 (As of Mar. 2024)

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What is Zhejiang Zhengte Co Days Sales Outstanding?

Zhejiang Zhengte Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥153 Mil. Zhejiang Zhengte Co's Revenue for the three months ended in Mar. 2024 was ¥358 Mil. Hence, Zhejiang Zhengte Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 39.11.

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

SZSE:001238' s Days Sales Outstanding Range Over the Past 10 Years
Min: 19.33 Med: 26.02 Max: 52.49
Current: 52.49

During the past 10 years, Zhejiang Zhengte Co's highest Days Sales Outstanding was 52.49. The lowest was 19.33. And the median was 26.02.

SZSE:001238's Days Sales Outstanding is ranked better than
50.96% of 418 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 53.31 vs SZSE:001238: 52.49

Zhejiang Zhengte Co's Days Sales Outstanding increased from Mar. 2023 (34.10) to Mar. 2024 (39.11).

Zhejiang Zhengte Co Days Sales Outstanding Historical Data

The historical data trend for Zhejiang Zhengte 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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Zhejiang Zhengte Co Days Sales Outstanding Chart

Zhejiang Zhengte Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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26.16

25.87

29.30

25.40

28.50

Zhejiang Zhengte Co Quarterly Data
	Dec13	Dec14	Dec15	Dec16	Jun17	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															34.10	50.63	79.31	38.74	39.11

Competitive Comparison of Zhejiang Zhengte Co's Days Sales Outstanding

For the Furnishings, Fixtures & Appliances subindustry, Zhejiang Zhengte 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.

Zhejiang Zhengte Co's Days Sales Outstanding Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Zhejiang Zhengte Co's Days Sales Outstanding distribution charts can be found below:

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

Zhejiang Zhengte 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.

Zhejiang Zhengte 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
=	( (70.309	+	100.089)	/	2 )	/	1091.124	*	365
=	85.199					/	1091.124	*	365
=	28.50

Zhejiang Zhengte 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
=	( (100.089	+	206.566)	/	2 )	/	357.745	*	365 / 4
=	153.3275					/	357.745	*	365 / 4
=	39.11

Zhejiang Zhengte Co (SZSE:001238) Days Sales Outstanding Explanation

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

Zhejiang Zhengte Co Days Sales Outstanding Related Terms

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Zhejiang Zhengte Co (SZSE:001238) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Zhejiang Zhengte Co Ltd (SZSE:001238) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 811 Dongfang Avenue, Zhejiang Province, Linhai, CHN, 317004

Website

https://www.zhengte.com.cn

Zhejiang Zhengte Co Ltd is engaged in the research and development, production and sales of outdoor leisure furniture and supplies.

Zhejiang Zhengte Co (SZSE:001238) Headlines

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