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Tianjin Jinrong Tianyu Precision Machinery (SZSE:300988) Days Sales Outstanding : 86.55 (As of Mar. 2024)


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What is Tianjin Jinrong Tianyu Precision Machinery Days Sales Outstanding?

Tianjin Jinrong Tianyu Precision Machinery's average Accounts Receivable for the three months ended in Mar. 2024 was ¥388 Mil. Tianjin Jinrong Tianyu Precision Machinery's Revenue for the three months ended in Mar. 2024 was ¥409 Mil. Hence, Tianjin Jinrong Tianyu Precision Machinery's Days Sales Outstanding for the three months ended in Mar. 2024 was 86.55.

The historical rank and industry rank for Tianjin Jinrong Tianyu Precision Machinery's Days Sales Outstanding or its related term are showing as below:

SZSE:300988' s Days Sales Outstanding Range Over the Past 10 Years
Min: 58.29   Med: 64.34   Max: 77.1
Current: 75.05

During the past 13 years, Tianjin Jinrong Tianyu Precision Machinery's highest Days Sales Outstanding was 77.10. The lowest was 58.29. And the median was 64.34.

SZSE:300988's Days Sales Outstanding is ranked better than
54.62% of 2946 companies
in the Industrial Products industry
Industry Median: 79.93 vs SZSE:300988: 75.05

Tianjin Jinrong Tianyu Precision Machinery's Days Sales Outstanding increased from Mar. 2023 (76.51) to Mar. 2024 (86.55).


Tianjin Jinrong Tianyu Precision Machinery Days Sales Outstanding Historical Data

The historical data trend for Tianjin Jinrong Tianyu Precision Machinery'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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Tianjin Jinrong Tianyu Precision Machinery Days Sales Outstanding Chart

Tianjin Jinrong Tianyu Precision Machinery Annual Data
Trend Dec12 Dec13 Dec14 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 68.60 71.84 61.33 63.56 77.10

Tianjin Jinrong Tianyu Precision Machinery Quarterly Data
Mar19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 76.51 66.29 70.24 75.60 86.55

Competitive Comparison of Tianjin Jinrong Tianyu Precision Machinery's Days Sales Outstanding

For the Metal Fabrication subindustry, Tianjin Jinrong Tianyu Precision Machinery'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.


Tianjin Jinrong Tianyu Precision Machinery's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tianjin Jinrong Tianyu Precision Machinery's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Tianjin Jinrong Tianyu Precision Machinery's Days Sales Outstanding falls into.



Tianjin Jinrong Tianyu Precision Machinery 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.

Tianjin Jinrong Tianyu Precision Machinery'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
=( (250.477 + 394.488) / 2 ) / 1526.626*365
=322.4825 / 1526.626*365
=77.10

Tianjin Jinrong Tianyu Precision Machinery'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
=( (394.488 + 381.68) / 2 ) / 409.173*365 / 4
=388.084 / 409.173*365 / 4
=86.55

* 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.


Tianjin Jinrong Tianyu Precision Machinery  (SZSE:300988) Days Sales Outstanding Explanation

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


Tianjin Jinrong Tianyu Precision Machinery Days Sales Outstanding Related Terms

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Tianjin Jinrong Tianyu Precision Machinery (SZSE:300988) Business Description

Traded in Other Exchanges
N/A
Address
No. 3, Haitai Chuangxin 4th Road, Huayuan Industrial Zone, Tianjin, CHN, 300384
Tianjin Jinrong Tianyu Precision Machinery Co Ltd is engaged in the research and development, production and sales of precision metal molds and related parts.

Tianjin Jinrong Tianyu Precision Machinery (SZSE:300988) Headlines

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