Qingyan Environmental Technology Co (SZSE:301288) Days Sales Outstanding : 1,393.85 (As of Mar. 2024)

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What is Qingyan Environmental Technology Co Days Sales Outstanding?

Qingyan Environmental Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥143.0 Mil. Qingyan Environmental Technology Co's Revenue for the three months ended in Mar. 2024 was ¥9.4 Mil. Hence, Qingyan Environmental Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 1,393.85.

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

SZSE:301288' s Days Sales Outstanding Range Over the Past 10 Years
Min: 102.05 Med: 159.39 Max: 478.63
Current: 478.63

During the past 6 years, Qingyan Environmental Technology Co's highest Days Sales Outstanding was 478.63. The lowest was 102.05. And the median was 159.39.

SZSE:301288's Days Sales Outstanding is ranked worse than
94.35% of 230 companies
in the Waste Management industry
Industry Median: 71.315 vs SZSE:301288: 478.63

Qingyan Environmental Technology Co's Days Sales Outstanding increased from Mar. 2023 (297.86) to Mar. 2024 (1,393.85).

Warning Sign:

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

Qingyan Environmental Technology Co Days Sales Outstanding Historical Data

The historical data trend for Qingyan Environmental 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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Qingyan Environmental Technology Co Days Sales Outstanding Chart

Qingyan Environmental Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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102.05

112.46

159.26

417.58

355.92

Qingyan Environmental Technology Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial												297.86	463.86	451.11	312.71	1,393.85

Competitive Comparison of Qingyan Environmental Technology Co's Days Sales Outstanding

For the Waste Management subindustry, Qingyan Environmental 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.

Qingyan Environmental Technology Co's Days Sales Outstanding Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Qingyan Environmental Technology Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Qingyan Environmental Technology Co's Days Sales Outstanding falls into.

Qingyan Environmental 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.

Qingyan Environmental 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
=	( (127.214	+	148.959)	/	2 )	/	141.609	*	365
=	138.0865					/	141.609	*	365
=	355.92

Qingyan Environmental 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
=	( (148.959	+	137.082)	/	2 )	/	9.363	*	365 / 4
=	143.0205					/	9.363	*	365 / 4
=	1,393.85

Qingyan Environmental Technology Co (SZSE:301288) Days Sales Outstanding Explanation

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

Qingyan Environmental Technology Co Days Sales Outstanding Related Terms

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Qingyan Environmental Technology Co (SZSE:301288) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Qingyan Environmental Technology Co Ltd (SZSE:301288) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 019, Gaoxin South 7th Road, Yuehai Street, Room C527, 5th Floor, Tsinghua University Research Institute, Nanshan District, Guangdong Province, Shenzhen, CHN, 518000

Website

http://www.tsinghuan.com.cn

Qingyan Environmental Technology Co Ltd is engaged in the biochemical wastewater treatment technology research and development and application.

Qingyan Environmental Technology Co (SZSE:301288) Headlines

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