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Chengdu Hongqi Chain Co (SZSE:002697) Days Sales Outstanding : 2.14 (As of Mar. 2024)


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What is Chengdu Hongqi Chain Co Days Sales Outstanding?

Chengdu Hongqi Chain Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥63 Mil. Chengdu Hongqi Chain Co's Revenue for the three months ended in Mar. 2024 was ¥2,671 Mil. Hence, Chengdu Hongqi Chain Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 2.14.

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

SZSE:002697' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.39   Med: 1.49   Max: 2.81
Current: 1.69

During the past 13 years, Chengdu Hongqi Chain Co's highest Days Sales Outstanding was 2.81. The lowest was 0.39. And the median was 1.49.

SZSE:002697's Days Sales Outstanding is ranked better than
93.97% of 1078 companies
in the Retail - Cyclical industry
Industry Median: 17.55 vs SZSE:002697: 1.69

Chengdu Hongqi Chain Co's Days Sales Outstanding increased from Mar. 2023 (1.70) to Mar. 2024 (2.14).


Chengdu Hongqi Chain Co Days Sales Outstanding Historical Data

The historical data trend for Chengdu Hongqi Chain 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.

Chengdu Hongqi Chain Co Days Sales Outstanding Chart

Chengdu Hongqi Chain 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 1.58 2.28 2.74 2.37 2.81

Chengdu Hongqi Chain 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 1.70 1.16 1.42 2.58 2.14

Competitive Comparison of Chengdu Hongqi Chain Co's Days Sales Outstanding

For the Department Stores subindustry, Chengdu Hongqi Chain 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.


Chengdu Hongqi Chain Co's Days Sales Outstanding Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Chengdu Hongqi Chain Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Chengdu Hongqi Chain Co's Days Sales Outstanding falls into.



Chengdu Hongqi Chain 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.

Chengdu Hongqi Chain 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
=( (65.324 + 90.951) / 2 ) / 10132.655*365
=78.1375 / 10132.655*365
=2.81

Chengdu Hongqi Chain 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
=( (90.951 + 34.534) / 2 ) / 2670.986*365 / 4
=62.7425 / 2670.986*365 / 4
=2.14

* 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.


Chengdu Hongqi Chain Co  (SZSE:002697) Days Sales Outstanding Explanation

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


Chengdu Hongqi Chain Co Days Sales Outstanding Related Terms

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Chengdu Hongqi Chain Co (SZSE:002697) Business Description

Traded in Other Exchanges
N/A
Address
No.7, Dikang Avenue, High-tech Zone, West District, Sichuan, Chengdu, CHN, 611731
Chengdu Hongqi Chain Co Ltd is engaged in operating supermarket chain.

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