Zhejiang Tiantie Industry Co (SZSE:300587) Days Sales Outstanding : 212.93 (As of Mar. 2024)

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What is Zhejiang Tiantie Industry Co Days Sales Outstanding?

Zhejiang Tiantie Industry Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,391 Mil. Zhejiang Tiantie Industry Co's Revenue for the three months ended in Mar. 2024 was ¥596 Mil. Hence, Zhejiang Tiantie Industry Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 212.93.

The historical rank and industry rank for Zhejiang Tiantie Industry Co's Days Sales Outstanding or its related term are showing as below:

SZSE:300587' s Days Sales Outstanding Range Over the Past 10 Years
Min: 222.41 Med: 286.75 Max: 373.87
Current: 287.25

During the past 13 years, Zhejiang Tiantie Industry Co's highest Days Sales Outstanding was 373.87. The lowest was 222.41. And the median was 286.75.

SZSE:300587's Days Sales Outstanding is ranked worse than
97.72% of 967 companies
in the Transportation industry
Industry Median: 45.75 vs SZSE:300587: 287.25

Zhejiang Tiantie Industry Co's Days Sales Outstanding declined from Mar. 2023 (611.51) to Mar. 2024 (212.93).

Zhejiang Tiantie Industry Co Days Sales Outstanding Historical Data

The historical data trend for Zhejiang Tiantie Industry 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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Zhejiang Tiantie Industry Co Days Sales Outstanding Chart

Zhejiang Tiantie Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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237.17

249.43

222.41

286.49

354.50

Zhejiang Tiantie Industry 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															611.51	199.19	471.70	487.89	212.93

Competitive Comparison of Zhejiang Tiantie Industry Co's Days Sales Outstanding

For the Railroads subindustry, Zhejiang Tiantie Industry 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.

Zhejiang Tiantie Industry Co's Days Sales Outstanding Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Zhejiang Tiantie Industry Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Zhejiang Tiantie Industry Co's Days Sales Outstanding falls into.

Zhejiang Tiantie Industry 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.

Zhejiang Tiantie Industry 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
=	( (1539.418	+	1388.484)	/	2 )	/	1507.296	*	365
=	1463.951					/	1507.296	*	365
=	354.50

Zhejiang Tiantie Industry 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
=	( (1388.484	+	1394.477)	/	2 )	/	596.324	*	365 / 4
=	1391.4805					/	596.324	*	365 / 4
=	212.93

Zhejiang Tiantie Industry Co (SZSE:300587) Days Sales Outstanding Explanation

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

Zhejiang Tiantie Industry Co Days Sales Outstanding Related Terms

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Zhejiang Tiantie Industry Co (SZSE:300587) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Zhejiang Tiantie Industry Co Ltd (SZSE:300587) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.928, Renmin East Road, Tiantai County, Zhejiang Province, Taizhou, CHN, 317200

Website

http://www.tiantie.cn

Zhejiang Tiantie Industry Co Ltd provides engineering rubber products. The company manufactures and sells industrial rubber goods, rubberized fabrics, and other rubber products. It offers track structures, such as rails, sleepers, and ballast; vibration damping products; isolated rubber damping pads; embedded rubber crossing boards and plates; conveyor belts; elastic components; and sealing products and other rubber products.

Zhejiang Tiantie Industry Co (SZSE:300587) Headlines

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