Ningbo Kangqiang Electronics Co (SZSE:002119) Days Sales Outstanding : 92.42 (As of Mar. 2024)

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What is Ningbo Kangqiang Electronics Co Days Sales Outstanding?

Ningbo Kangqiang Electronics Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥436 Mil. Ningbo Kangqiang Electronics Co's Revenue for the three months ended in Mar. 2024 was ¥430 Mil. Hence, Ningbo Kangqiang Electronics Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 92.42.

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

SZSE:002119' s Days Sales Outstanding Range Over the Past 10 Years
Min: 67.54 Med: 82.5 Max: 89.03
Current: 83.42

During the past 13 years, Ningbo Kangqiang Electronics Co's highest Days Sales Outstanding was 89.03. The lowest was 67.54. And the median was 82.50.

SZSE:002119's Days Sales Outstanding is ranked worse than
70.47% of 982 companies
in the Semiconductors industry
Industry Median: 62.495 vs SZSE:002119: 83.42

Ningbo Kangqiang Electronics Co's Days Sales Outstanding increased from Mar. 2023 (80.29) to Mar. 2024 (92.42).

Ningbo Kangqiang Electronics Co Days Sales Outstanding Historical Data

The historical data trend for Ningbo Kangqiang 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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Ningbo Kangqiang Electronics Co Days Sales Outstanding Chart

Ningbo Kangqiang Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

88.23

86.72

67.54

81.72

78.13

Ningbo Kangqiang Electronics 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															80.29	77.04	84.44	84.46	92.42

Competitive Comparison of Ningbo Kangqiang Electronics Co's Days Sales Outstanding

For the Semiconductors subindustry, Ningbo Kangqiang 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.

Ningbo Kangqiang Electronics Co's Days Sales Outstanding Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Ningbo Kangqiang Electronics Co's Days Sales Outstanding distribution charts can be found below:

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

Ningbo Kangqiang 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.

Ningbo Kangqiang 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
=	( (326.811	+	435.186)	/	2 )	/	1779.857	*	365
=	380.9985					/	1779.857	*	365
=	78.13

Ningbo Kangqiang 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
=	( (435.186	+	436.696)	/	2 )	/	430.416	*	365 / 4
=	435.941					/	430.416	*	365 / 4
=	92.42

Ningbo Kangqiang Electronics Co (SZSE:002119) Days Sales Outstanding Explanation

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

Ningbo Kangqiang Electronics Co Days Sales Outstanding Related Terms

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Ningbo Kangqiang Electronics Co (SZSE:002119) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Ningbo Kangqiang Electronics Co Ltd (SZSE:002119) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 25 Kangqiang Road, Panhuo Industrial Zone, Yinzhou, Ningbo, Zhejiang, CHN, 315105

Website

http://www.kangqiang.com

Ningbo Kangqiang Electronics Co Ltd is engaged in the manufacture, research and development, and sale of semiconductor packaging materials. The company mainly produces special equipment demanded by various semiconductor encapsulation lead frames, bonding wires, wire electrodes and production framework, and other products.

Executives

Zheng Kang Ding	Director
Yin Xia Rong	Executives
Xiong Xu Qiang	Director
Feng Xiao Long	Executives
Du Jiang Xia	Supervisors
Liu Jun Liang	Director

Ningbo Kangqiang Electronics Co (SZSE:002119) Headlines

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