Ovctek China (SZSE:300595) Days Sales Outstanding : 51.08 (As of Mar. 2024)

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What is Ovctek China Days Sales Outstanding?

Ovctek China's average Accounts Receivable for the three months ended in Mar. 2024 was ¥260 Mil. Ovctek China's Revenue for the three months ended in Mar. 2024 was ¥465 Mil. Hence, Ovctek China's Days Sales Outstanding for the three months ended in Mar. 2024 was 51.08.

The historical rank and industry rank for Ovctek China's Days Sales Outstanding or its related term are showing as below:

SZSE:300595' s Days Sales Outstanding Range Over the Past 10 Years
Min: 30.71 Med: 42.98 Max: 50.66
Current: 48.87

During the past 12 years, Ovctek China's highest Days Sales Outstanding was 50.66. The lowest was 30.71. And the median was 42.98.

SZSE:300595's Days Sales Outstanding is ranked better than
71.43% of 812 companies
in the Medical Devices & Instruments industry
Industry Median: 65.12 vs SZSE:300595: 48.87

Ovctek China's Days Sales Outstanding increased from Mar. 2023 (47.73) to Mar. 2024 (51.08).

Ovctek China Days Sales Outstanding Historical Data

The historical data trend for Ovctek China'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.

* Premium members only.

Ovctek China Days Sales Outstanding Chart

Ovctek China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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49.33

50.66

42.10

43.86

47.54

Ovctek China 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															47.73	49.61	40.25	56.25	51.08

Competitive Comparison of Ovctek China's Days Sales Outstanding

For the Medical Instruments & Supplies subindustry, Ovctek China'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.

Ovctek China's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Ovctek China's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Ovctek China's Days Sales Outstanding falls into.

Ovctek China 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.

Ovctek China'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
=	( (210.857	+	241.69)	/	2 )	/	1737.168	*	365
=	226.2735					/	1737.168	*	365
=	47.54

Ovctek China'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
=	( (241.69	+	278.35)	/	2 )	/	464.529	*	365 / 4
=	260.02					/	464.529	*	365 / 4
=	51.08

Ovctek China (SZSE:300595) Days Sales Outstanding Explanation

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

Ovctek China Days Sales Outstanding Related Terms

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Ovctek China (SZSE:300595) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Ovctek China Inc (SZSE:300595) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4899 Wangjiang West Road, High-tech Zone, Anhui Province, Hefei, CHN, 230088

Website

http://www.orthok.cn

Ovctek China Inc is a China-based company engaged in the research and development, production, and sales of rigid gas permeable contact lens products. Its products include Hard Mirror, Mirror Teshu family, High-end ophthalmic products, and Security products. The company-owned trademarks are DreamVision, DreamDawei, Ri Dawei, Hua Cone, Jing Teshu, openvision, and Mengshiqing among others.

Executives

Tao Yue Qun	Directors, executives
	Directors, executives
Yin Yin	Director

Ovctek China (SZSE:300595) Headlines

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