Shenzhen Magic Design & Decoration Engineering Co (SZSE:002856) Days Sales Outstanding : 428.81 (As of Mar. 2024)

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What is Shenzhen Magic Design & Decoration Engineering Co Days Sales Outstanding?

Shenzhen Magic Design & Decoration Engineering Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥919.5 Mil. Shenzhen Magic Design & Decoration Engineering Co's Revenue for the three months ended in Mar. 2024 was ¥195.7 Mil. Hence, Shenzhen Magic Design & Decoration Engineering Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 428.81.

The historical rank and industry rank for Shenzhen Magic Design & Decoration Engineering Co's Days Sales Outstanding or its related term are showing as below:

SZSE:002856' s Days Sales Outstanding Range Over the Past 10 Years
Min: 181.41 Med: 253.36 Max: 553.07
Current: 359.41

During the past 13 years, Shenzhen Magic Design & Decoration Engineering Co's highest Days Sales Outstanding was 553.07. The lowest was 181.41. And the median was 253.36.

SZSE:002856's Days Sales Outstanding is ranked worse than
94.64% of 1641 companies
in the Construction industry
Industry Median: 73.38 vs SZSE:002856: 359.41

Shenzhen Magic Design & Decoration Engineering Co's Days Sales Outstanding declined from Mar. 2023 (684.10) to Mar. 2024 (428.81).

Shenzhen Magic Design & Decoration Engineering Co Days Sales Outstanding Historical Data

The historical data trend for Shenzhen Magic Design & Decoration Engineering 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 Magic Design & Decoration Engineering Co Days Sales Outstanding Chart

Shenzhen Magic Design & Decoration Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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341.29

274.72

553.07

201.50

419.35

Shenzhen Magic Design & Decoration Engineering 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															684.10	355.18	320.67	357.87	428.81

Competitive Comparison of Shenzhen Magic Design & Decoration Engineering Co's Days Sales Outstanding

For the Engineering & Construction subindustry, Shenzhen Magic Design & Decoration Engineering 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 Magic Design & Decoration Engineering Co's Days Sales Outstanding Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shenzhen Magic Design & Decoration Engineering Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shenzhen Magic Design & Decoration Engineering Co's Days Sales Outstanding falls into.

Shenzhen Magic Design & Decoration Engineering 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 Magic Design & Decoration Engineering 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
=	( (1066.445	+	951.101)	/	2 )	/	878.022	*	365
=	1008.773					/	878.022	*	365
=	419.35

Shenzhen Magic Design & Decoration Engineering 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
=	( (951.101	+	887.847)	/	2 )	/	195.663	*	365 / 4
=	919.474					/	195.663	*	365 / 4
=	428.81

Shenzhen Magic Design & Decoration Engineering Co (SZSE:002856) 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 Magic Design & Decoration Engineering Co Days Sales Outstanding Related Terms

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Shenzhen Magic Design & Decoration Engineering Co (SZSE:002856) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shenzhen Magic Design & Decoration Engineering Co Ltd (SZSE:002856) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

1 Ba Gua Si Lu, SunGang, Futian Qu, Bagua Four Research Building 7 1-6 layer, Guangdong Sheng, Shenzhen, CHN, 518040

Website

http://www.szmeizhi.com

Shenzhen Magic Design & Decoration Engineering Co Ltd is a China-based company engages in the provision of urban architectural construction services. Its business activities include architectural decoration, building curtain wall, building electromechanical, electronic and intelligent, mechanical and electrical equipment installation, fire protection facilities, landscaping and other professionalization.

Executives

Yang Shui Sen

Director

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