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Shenzhen Deren Electronic Co (SZSE:002055) Days Sales Outstanding : 115.07 (As of Mar. 2024)


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What is Shenzhen Deren Electronic Co Days Sales Outstanding?

Shenzhen Deren Electronic Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,640 Mil. Shenzhen Deren Electronic Co's Revenue for the three months ended in Mar. 2024 was ¥1,300 Mil. Hence, Shenzhen Deren Electronic Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 115.07.

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

SZSE:002055' s Days Sales Outstanding Range Over the Past 10 Years
Min: 78.98   Med: 100.75   Max: 116.74
Current: 99.94

During the past 13 years, Shenzhen Deren Electronic Co's highest Days Sales Outstanding was 116.74. The lowest was 78.98. And the median was 100.75.

SZSE:002055's Days Sales Outstanding is ranked worse than
70.81% of 2460 companies
in the Hardware industry
Industry Median: 74.5 vs SZSE:002055: 99.94

Shenzhen Deren Electronic Co's Days Sales Outstanding increased from Mar. 2023 (75.00) to Mar. 2024 (115.07).


Shenzhen Deren Electronic Co Days Sales Outstanding Historical Data

The historical data trend for Shenzhen Deren Electronic 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.

* Premium members only.

Shenzhen Deren Electronic Co Days Sales Outstanding Chart

Shenzhen Deren Electronic Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 107.41 103.72 80.57 78.98 102.86

Shenzhen Deren Electronic 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 75.00 79.22 81.43 152.03 115.07

Competitive Comparison of Shenzhen Deren Electronic Co's Days Sales Outstanding

For the Electronic Components subindustry, Shenzhen Deren Electronic 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.


Shenzhen Deren Electronic Co's Days Sales Outstanding Distribution in the Hardware Industry

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

* The bar in red indicates where Shenzhen Deren Electronic Co's Days Sales Outstanding falls into.



Shenzhen Deren Electronic 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.

Shenzhen Deren Electronic 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
=( (1720.905 + 1653.361) / 2 ) / 5986.993*365
=1687.133 / 5986.993*365
=102.86

Shenzhen Deren Electronic 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
=( (1653.361 + 1626.478) / 2 ) / 1300.467*365 / 4
=1639.9195 / 1300.467*365 / 4
=115.07

* 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.


Shenzhen Deren Electronic Co  (SZSE:002055) Days Sales Outstanding Explanation

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


Shenzhen Deren Electronic Co Days Sales Outstanding Related Terms

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Shenzhen Deren Electronic Co (SZSE:002055) Business Description

Traded in Other Exchanges
N/A
Address
Guangming Street, Deren Industrial Park, Guanguang Road, Guangdong Province, Shenzhen, CHN, 518107
Shenzhen Deren Electronic Co Ltd is a China-based company principally engaged in research, development, manufacturing, and sales of connectors and precision components for home appliance, consumer, and automotive electronics, and telematics technology. Their products include electronic connectors, electronic wire harnesses, precision molds and automotive electronics. Geographically, the company has its business presence in China and other international countries. The organization has three business groups, Home appliance and Consumer Electronics Business Group, Automotive Electronics and Electrics Business Group and Telematics Business Group.
Executives
Rao Qi Executives
Wang Shao Hua Directors, executives
Tian Nan Lv Director
Su Jin Director
Song Sheng Lin Executives
He Lian Hua Securities Affairs Representative
Qiu Wei Min Director
Qiu Jian Min Director
Wang Da Peng Executives
Lan Yu Ping Director
Li Xu Gen Supervisors
Chen Jie Supervisors

Shenzhen Deren Electronic Co (SZSE:002055) Headlines

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