Shandong Tongda Island New Materials Co (SZSE:300321) Days Sales Outstanding : 70.52 (As of Mar. 2024)

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What is Shandong Tongda Island New Materials Co Days Sales Outstanding?

Shandong Tongda Island New Materials Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥65.9 Mil. Shandong Tongda Island New Materials Co's Revenue for the three months ended in Mar. 2024 was ¥85.2 Mil. Hence, Shandong Tongda Island New Materials Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 70.52.

The historical rank and industry rank for Shandong Tongda Island New Materials Co's Days Sales Outstanding or its related term are showing as below:

SZSE:300321' s Days Sales Outstanding Range Over the Past 10 Years
Min: 23.54 Med: 33.44 Max: 66.78
Current: 66.78

During the past 13 years, Shandong Tongda Island New Materials Co's highest Days Sales Outstanding was 66.78. The lowest was 23.54. And the median was 33.44.

SZSE:300321's Days Sales Outstanding is ranked worse than
64.06% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.25 vs SZSE:300321: 66.78

Shandong Tongda Island New Materials Co's Days Sales Outstanding increased from Mar. 2023 (68.74) to Mar. 2024 (70.52).

Shandong Tongda Island New Materials Co Days Sales Outstanding Historical Data

The historical data trend for Shandong Tongda Island New Materials 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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Shandong Tongda Island New Materials Co Days Sales Outstanding Chart

Shandong Tongda Island New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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39.19

41.20

32.68

38.75

57.32

Shandong Tongda Island New Materials 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															68.74	74.62	58.51	57.95	70.52

Competitive Comparison of Shandong Tongda Island New Materials Co's Days Sales Outstanding

For the Footwear & Accessories subindustry, Shandong Tongda Island New Materials 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.

Shandong Tongda Island New Materials Co's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shandong Tongda Island New Materials Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shandong Tongda Island New Materials Co's Days Sales Outstanding falls into.

Shandong Tongda Island New Materials 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.

Shandong Tongda Island New Materials 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
=	( (50.071	+	53.342)	/	2 )	/	329.243	*	365
=	51.7065					/	329.243	*	365
=	57.32

Shandong Tongda Island New Materials 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
=	( (53.342	+	78.418)	/	2 )	/	85.249	*	365 / 4
=	65.88					/	85.249	*	365 / 4
=	70.52

Shandong Tongda Island New Materials Co (SZSE:300321) Days Sales Outstanding Explanation

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

Shandong Tongda Island New Materials Co Days Sales Outstanding Related Terms

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Shandong Tongda Island New Materials Co (SZSE:300321) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shandong Tongda Island New Materials Co Ltd (SZSE:300321) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 522, Tongtong Street, Shandong Province, Changyi City, CHN, 261300

Website

http://www.tongdahdcx.com

Shandong Tongda Island New Materials Co Ltd is engaged in production and sales of microfiber base fabric, microfiber smooth leather, microfiber suede leather, apparel fabrics and accessories. The products of the company can be used for footwear, furniture accessories, sporting goods, and automobiles.

Executives

Zhang Sha	Secretary, Director
Xu Yan Feng	Director
Wei Zeng Bao	Director
Xu Xu Ri	Directors, executives
Li Yan Xia	Directors, executives
Wang Le Zhi	Directors, executives
Zheng Yong Gui	Directors, executives
Jiang Hao Xiong	Director

Shandong Tongda Island New Materials Co (SZSE:300321) Headlines

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