Shenzhen Glory Medical Co (SZSE:002551) Days Sales Outstanding : 157.19 (As of Mar. 2024)

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What is Shenzhen Glory Medical Co Days Sales Outstanding?

Shenzhen Glory Medical Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥476 Mil. Shenzhen Glory Medical Co's Revenue for the three months ended in Mar. 2024 was ¥276 Mil. Hence, Shenzhen Glory Medical Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 157.19.

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

SZSE:002551' s Days Sales Outstanding Range Over the Past 10 Years
Min: 125.38 Med: 172.35 Max: 231.02
Current: 156.67

During the past 13 years, Shenzhen Glory Medical Co's highest Days Sales Outstanding was 231.02. The lowest was 125.38. And the median was 172.35.

SZSE:002551's Days Sales Outstanding is ranked worse than
82.29% of 96 companies
in the Medical Distribution industry
Industry Median: 76.76 vs SZSE:002551: 156.67

Shenzhen Glory Medical Co's Days Sales Outstanding increased from Mar. 2023 (152.39) to Mar. 2024 (157.19).

Shenzhen Glory Medical Co Days Sales Outstanding Historical Data

The historical data trend for Shenzhen Glory Medical 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 Glory Medical Co Days Sales Outstanding Chart

Shenzhen Glory Medical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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222.18

125.38

144.06

175.13

152.55

Shenzhen Glory Medical 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															152.39	163.91	146.30	161.85	157.19

Competitive Comparison of Shenzhen Glory Medical Co's Days Sales Outstanding

For the Medical Distribution subindustry, Shenzhen Glory Medical 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 Glory Medical Co's Days Sales Outstanding Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Shenzhen Glory Medical Co's Days Sales Outstanding distribution charts can be found below:

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

Shenzhen Glory Medical 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 Glory Medical 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
=	( (518.324	+	478.82)	/	2 )	/	1192.887	*	365
=	498.572					/	1192.887	*	365
=	152.55

Shenzhen Glory Medical 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
=	( (478.82	+	472.561)	/	2 )	/	276.145	*	365 / 4
=	475.6905					/	276.145	*	365 / 4
=	157.19

Shenzhen Glory Medical Co (SZSE:002551) 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 Glory Medical Co Days Sales Outstanding Related Terms

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Shenzhen Glory Medical Co (SZSE:002551) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Shenzhen Glory Medical Co Ltd (SZSE:002551) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

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Address

Glory Science and Tech Industrial Park, Baolong Avenue, Longgang District, Shenzhen, Guangdong, CHN, 518116

Website

http://www.glory-medical.com.cn

Shenzhen Glory Medical Co Ltd is engaged in providing hospital building integrated solutions in China. It is involved in the hospital construction system analysis and planning, and medical engineering activities. It also sells medical equipment and medical consumables. The company provides hospital management professional medical logistic, smart medical, and park development services.

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