Shenzhen Fenda Technology Co (SZSE:002681) Days Sales Outstanding : 67.96 (As of Mar. 2024)

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What is Shenzhen Fenda Technology Co Days Sales Outstanding?

Shenzhen Fenda Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥488 Mil. Shenzhen Fenda Technology Co's Revenue for the three months ended in Mar. 2024 was ¥656 Mil. Hence, Shenzhen Fenda Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 67.96.

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

SZSE:002681' s Days Sales Outstanding Range Over the Past 10 Years
Min: 46.13 Med: 81.41 Max: 133.22
Current: 62.61

During the past 13 years, Shenzhen Fenda Technology Co's highest Days Sales Outstanding was 133.22. The lowest was 46.13. And the median was 81.41.

SZSE:002681's Days Sales Outstanding is ranked better than
63.5% of 2460 companies
in the Hardware industry
Industry Median: 74.46 vs SZSE:002681: 62.61

Shenzhen Fenda Technology Co's Days Sales Outstanding increased from Mar. 2023 (54.76) to Mar. 2024 (67.96).

Shenzhen Fenda Technology Co Days Sales Outstanding Historical Data

The historical data trend for Shenzhen Fenda Technology 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 Fenda Technology Co Days Sales Outstanding Chart

Shenzhen Fenda Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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101.27

91.83

72.23

70.53

46.13

Shenzhen Fenda Technology 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															54.76	50.87	57.58	85.56	67.96

Competitive Comparison of Shenzhen Fenda Technology Co's Days Sales Outstanding

For the Consumer Electronics subindustry, Shenzhen Fenda Technology 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 Fenda Technology Co's Days Sales Outstanding Distribution in the Hardware Industry

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

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

Shenzhen Fenda Technology 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 Fenda Technology 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
=	( (318.086	+	412.623)	/	2 )	/	2890.85	*	365
=	365.3545					/	2890.85	*	365
=	46.13

Shenzhen Fenda Technology 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
=	( (412.623	+	564.172)	/	2 )	/	655.75	*	365 / 4
=	488.3975					/	655.75	*	365 / 4
=	67.96

Shenzhen Fenda Technology Co (SZSE:002681) 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 Fenda Technology Co Days Sales Outstanding Related Terms

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Shenzhen Fenda Technology Co (SZSE:002681) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Fenda Technology Co Ltd (SZSE:002681) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Zhoushi Road, Fenda Hi-Tech Park, Shiyan, Baoan district, Shenzhen, CHN, 518108

Website

http://www.fenda.com

Shenzhen Fenda Technology Co Ltd is a China-based company engaged in the designs and manufacturing of audio and electro-acoustic devices for global consumers. It offers hardware and integrated solutions to provide services for software development, hardware design, and cloud technology. The product portfolio of the company includes speakers, headphones and other related accessories.

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