Qingdao Greensum Ecology Co (SZSE:300948) Days Sales Outstanding : 910.02 (As of Mar. 2024)

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What is Qingdao Greensum Ecology Co Days Sales Outstanding?

Qingdao Greensum Ecology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥334.2 Mil. Qingdao Greensum Ecology Co's Revenue for the three months ended in Mar. 2024 was ¥33.5 Mil. Hence, Qingdao Greensum Ecology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 910.02.

The historical rank and industry rank for Qingdao Greensum Ecology Co's Days Sales Outstanding or its related term are showing as below:

SZSE:300948' s Days Sales Outstanding Range Over the Past 10 Years
Min: 146.03 Med: 241.16 Max: 529.1
Current: 326.29

During the past 10 years, Qingdao Greensum Ecology Co's highest Days Sales Outstanding was 529.10. The lowest was 146.03. And the median was 241.16.

SZSE:300948's Days Sales Outstanding is ranked worse than
91.38% of 232 companies
in the Waste Management industry
Industry Median: 71.315 vs SZSE:300948: 326.29

Qingdao Greensum Ecology Co's Days Sales Outstanding increased from Mar. 2023 (370.12) to Mar. 2024 (910.02).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Qingdao Greensum Ecology Co Days Sales Outstanding Historical Data

The historical data trend for Qingdao Greensum Ecology 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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Qingdao Greensum Ecology Co Days Sales Outstanding Chart

Qingdao Greensum Ecology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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218.03

238.82

232.63

243.50

291.85

Qingdao Greensum Ecology 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															370.12	188.03	312.87	324.12	910.02

Competitive Comparison of Qingdao Greensum Ecology Co's Days Sales Outstanding

For the Waste Management subindustry, Qingdao Greensum Ecology 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.

Qingdao Greensum Ecology Co's Days Sales Outstanding Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Qingdao Greensum Ecology Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Qingdao Greensum Ecology Co's Days Sales Outstanding falls into.

Qingdao Greensum Ecology 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.

Qingdao Greensum Ecology 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
=	( (286.789	+	316.149)	/	2 )	/	377.024	*	365
=	301.469					/	377.024	*	365
=	291.85

Qingdao Greensum Ecology 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
=	( (316.149	+	352.23)	/	2 )	/	33.51	*	365 / 4
=	334.1895					/	33.51	*	365 / 4
=	910.02

Qingdao Greensum Ecology Co (SZSE:300948) Days Sales Outstanding Explanation

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

Qingdao Greensum Ecology Co Days Sales Outstanding Related Terms

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Qingdao Greensum Ecology Co (SZSE:300948) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Qingdao Greensum Ecology Co Ltd (SZSE:300948) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shashakou Street, North of Village Committee, Beilongkou Community, Laoshan District, Shandong Province, Qingdao, CHN, 266100

Website

http://www.greensum.com.cn

Qingdao Greensum Ecology Co Ltd specializes in ecological restoration work, including: vegetation restoration, soil restoration, water and soil conservation, sand prevention and control, and military camouflage for national defense. In addition to ecological restoration, it is also engaged in three-dimensional greening and urban environment construction.

Qingdao Greensum Ecology Co (SZSE:300948) Headlines

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