Shenzhen Topraysolar Co (SZSE:002218) Days Sales Outstanding : 394.00 (As of Mar. 2024)

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What is Shenzhen Topraysolar Co Days Sales Outstanding?

Shenzhen Topraysolar Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,224 Mil. Shenzhen Topraysolar Co's Revenue for the three months ended in Mar. 2024 was ¥283 Mil. Hence, Shenzhen Topraysolar Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 394.00.

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

SZSE:002218' s Days Sales Outstanding Range Over the Past 10 Years
Min: 143.96 Med: 281.47 Max: 360.62
Current: 360.62

During the past 13 years, Shenzhen Topraysolar Co's highest Days Sales Outstanding was 360.62. The lowest was 143.96. And the median was 281.47.

SZSE:002218's Days Sales Outstanding is ranked worse than
97.86% of 982 companies
in the Semiconductors industry
Industry Median: 62.23 vs SZSE:002218: 360.62

Shenzhen Topraysolar Co's Days Sales Outstanding increased from Mar. 2023 (389.82) to Mar. 2024 (394.00).

Shenzhen Topraysolar Co Days Sales Outstanding Historical Data

The historical data trend for Shenzhen Topraysolar 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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Shenzhen Topraysolar Co Days Sales Outstanding Chart

Shenzhen Topraysolar Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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343.17

292.05

297.96

300.74

355.42

Shenzhen Topraysolar 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															389.82	379.84	356.97	324.85	394.00

Competitive Comparison of Shenzhen Topraysolar Co's Days Sales Outstanding

For the Solar subindustry, Shenzhen Topraysolar 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 Topraysolar Co's Days Sales Outstanding Distribution in the Semiconductors Industry

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

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

Shenzhen Topraysolar 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 Topraysolar 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
=	( (996.858	+	1198.037)	/	2 )	/	1127.03	*	365
=	1097.4475					/	1127.03	*	365
=	355.42

Shenzhen Topraysolar 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
=	( (1198.037	+	1249.928)	/	2 )	/	283.472	*	365 / 4
=	1223.9825					/	283.472	*	365 / 4
=	394.00

Shenzhen Topraysolar Co (SZSE:002218) 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 Topraysolar Co Days Sales Outstanding Related Terms

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Shenzhen Topraysolar Co (SZSE:002218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shenzhen Topraysolar Co Ltd (SZSE:002218) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Songbai Road, Nangang No.1 Industrial Park, Building 9 & 10, Xili, Nanshan District, Shenzhen, Guangdong, CHN, 518108

Website

http://www.topraysolar.com

Shenzhen Topraysolar Co Ltd is a solar manufacturer based in China. The company's main business operations cover the development, production, and sale of solar battery chips, components, solar application products, solar power system, solar energy absorbers and water heater system. The company has a global presence across Africa, Europe, and North America.

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