Shanghai Fortune Techgroup Co (SZSE:300493) Days Sales Outstanding : 113.07 (As of Mar. 2024)

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What is Shanghai Fortune Techgroup Co Days Sales Outstanding?

Shanghai Fortune Techgroup Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥685 Mil. Shanghai Fortune Techgroup Co's Revenue for the three months ended in Mar. 2024 was ¥553 Mil. Hence, Shanghai Fortune Techgroup Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 113.07.

The historical rank and industry rank for Shanghai Fortune Techgroup Co's Days Sales Outstanding or its related term are showing as below:

SZSE:300493' s Days Sales Outstanding Range Over the Past 10 Years
Min: 53.29 Med: 72.12 Max: 109.12
Current: 94.07

During the past 13 years, Shanghai Fortune Techgroup Co's highest Days Sales Outstanding was 109.12. The lowest was 53.29. And the median was 72.12.

SZSE:300493's Days Sales Outstanding is ranked worse than
77.29% of 982 companies
in the Semiconductors industry
Industry Median: 62.495 vs SZSE:300493: 94.07

Shanghai Fortune Techgroup Co's Days Sales Outstanding declined from Mar. 2023 (114.53) to Mar. 2024 (113.07).

Shanghai Fortune Techgroup Co Days Sales Outstanding Historical Data

The historical data trend for Shanghai Fortune Techgroup 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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Shanghai Fortune Techgroup Co Days Sales Outstanding Chart

Shanghai Fortune Techgroup Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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73.05

90.12

85.32

93.17

109.12

Shanghai Fortune Techgroup 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															114.53	85.06	85.43	98.35	113.07

Competitive Comparison of Shanghai Fortune Techgroup Co's Days Sales Outstanding

For the Semiconductors subindustry, Shanghai Fortune Techgroup 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.

Shanghai Fortune Techgroup Co's Days Sales Outstanding Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Shanghai Fortune Techgroup Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shanghai Fortune Techgroup Co's Days Sales Outstanding falls into.

Shanghai Fortune Techgroup 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.

Shanghai Fortune Techgroup 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
=	( (581.955	+	709.672)	/	2 )	/	2160.277	*	365
=	645.8135					/	2160.277	*	365
=	109.12

Shanghai Fortune Techgroup 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
=	( (709.672	+	660.646)	/	2 )	/	552.954	*	365 / 4
=	685.159					/	552.954	*	365 / 4
=	113.07

Shanghai Fortune Techgroup Co (SZSE:300493) Days Sales Outstanding Explanation

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

Shanghai Fortune Techgroup Co Days Sales Outstanding Related Terms

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Shanghai Fortune Techgroup Co (SZSE:300493) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shanghai Fortune Techgroup Co Ltd (SZSE:300493) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 200, Tianlin Road, 3rd Floor, Room 301, Building A2, China Fortune Properties, Xuhui District, Shanghai, CHN, 200233

Website

http://www.fortune-co.com

Shanghai Fortune Techgroup Co Ltd is a provider of semiconductor chips and solutions for the telecommunication industry in China. The company products include wired and wireless communications, radio frequency and power amplifier type of components, sensors, and others. The company provides different solutions for smart home, smart cities, surveillance, and fingerprint identification applications.

Executives

Wang Ye	Supervisors
Le Zhen Wu	Independent director

Shanghai Fortune Techgroup Co (SZSE:300493) Headlines

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