Shenzhen Microgate Technology Co (SZSE:300319) Days Sales Outstanding : 123.57 (As of Mar. 2024)

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What is Shenzhen Microgate Technology Co Days Sales Outstanding?

Shenzhen Microgate Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥916 Mil. Shenzhen Microgate Technology Co's Revenue for the three months ended in Mar. 2024 was ¥676 Mil. Hence, Shenzhen Microgate Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 123.57.

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

SZSE:300319' s Days Sales Outstanding Range Over the Past 10 Years
Min: 64.55 Med: 108.65 Max: 130.02
Current: 108.55

During the past 13 years, Shenzhen Microgate Technology Co's highest Days Sales Outstanding was 130.02. The lowest was 64.55. And the median was 108.65.

SZSE:300319's Days Sales Outstanding is ranked worse than
75.79% of 2462 companies
in the Hardware industry
Industry Median: 74.315 vs SZSE:300319: 108.55

Shenzhen Microgate Technology Co's Days Sales Outstanding increased from Mar. 2023 (113.56) to Mar. 2024 (123.57).

Shenzhen Microgate Technology Co Days Sales Outstanding Historical Data

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

Shenzhen Microgate Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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130.02

111.97

95.20

109.66

108.59

Shenzhen Microgate 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															113.56	103.60	101.55	112.90	123.57

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

For the Electronic Components subindustry, Shenzhen Microgate 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 Microgate Technology Co's Days Sales Outstanding Distribution in the Hardware Industry

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

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

Shenzhen Microgate 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 Microgate 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
=	( (878.392	+	916.531)	/	2 )	/	3016.722	*	365
=	897.4615					/	3016.722	*	365
=	108.59

Shenzhen Microgate 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
=	( (916.531	+	915.154)	/	2 )	/	676.302	*	365 / 4
=	915.8425					/	676.302	*	365 / 4
=	123.57

Shenzhen Microgate Technology Co (SZSE:300319) 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 Microgate Technology Co Days Sales Outstanding Related Terms

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Shenzhen Microgate Technology Co (SZSE:300319) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Microgate Technology Co Ltd (SZSE:300319) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

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Address

Yuxing Road,GolfStreet, Guanlan Town, Bao'an, Shenzhen, CHN, 518110

Website

http://www.szmicrogate.com

Shenzhen Microgate Technology Co Ltd operates in the multilayer passive component industry. The company develops and manufactures electronic components. Its main products include low temperature co-fired ceramic radio frequency components, chip inductors, electromagnetic interference and electromagnetic compatibility components, power inductors, and the near-field communication antenna. The products are widely used in the digital versatile disc player, mobile phone, personal computer, flat panel display, car carrier and other consumptive products.

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