Hong RI DA Technology Co (SZSE:301285) Days Sales Outstanding : 139.66 (As of Mar. 2024)

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What is Hong RI DA Technology Co Days Sales Outstanding?

Hong RI DA Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥230.8 Mil. Hong RI DA Technology Co's Revenue for the three months ended in Mar. 2024 was ¥150.8 Mil. Hence, Hong RI DA Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 139.66.

The historical rank and industry rank for Hong RI DA Technology Co's Days Sales Outstanding or its related term are showing as below:

SZSE:301285' s Days Sales Outstanding Range Over the Past 10 Years
Min: 98.96 Med: 108.79 Max: 124.66
Current: 104.17

During the past 6 years, Hong RI DA Technology Co's highest Days Sales Outstanding was 124.66. The lowest was 98.96. And the median was 108.79.

SZSE:301285's Days Sales Outstanding is ranked worse than
73.46% of 2457 companies
in the Hardware industry
Industry Median: 74.44 vs SZSE:301285: 104.17

Hong RI DA Technology Co's Days Sales Outstanding increased from Mar. 2023 (132.20) to Mar. 2024 (139.66).

Hong RI DA Technology Co Days Sales Outstanding Historical Data

The historical data trend for Hong RI DA Technology 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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Hong RI DA Technology Co Days Sales Outstanding Chart

Hong RI DA Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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124.66

98.96

108.62

108.95

108.15

Hong RI DA Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial											132.20	97.18	99.77	102.41	139.66

Competitive Comparison of Hong RI DA Technology Co's Days Sales Outstanding

For the Electronic Components subindustry, Hong RI DA Technology 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.

Hong RI DA Technology Co's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hong RI DA Technology Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Hong RI DA Technology Co's Days Sales Outstanding falls into.

Hong RI DA Technology 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.

Hong RI DA Technology 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
=	( (170.581	+	256.493)	/	2 )	/	720.675	*	365
=	213.537					/	720.675	*	365
=	108.15

Hong RI DA Technology 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
=	( (256.493	+	205.085)	/	2 )	/	150.786	*	365 / 4
=	230.789					/	150.786	*	365 / 4
=	139.66

Hong RI DA Technology Co (SZSE:301285) Days Sales Outstanding Explanation

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

Hong RI DA Technology Co Days Sales Outstanding Related Terms

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Hong RI DA Technology Co (SZSE:301285) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hong RI DA Technology Co Ltd (SZSE:301285) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

N/A

Address

West side of Qingsong Road, Jiangsu Province, Yushan, CHN, 215300

Website

http://www.hongrida.com

Hong RI DA Technology Co Ltd is engaged in the research and development, production and sales of precision connectors.

Hong RI DA Technology Co (SZSE:301285) Headlines

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