Shenzhen Longsys Electronics Co (SZSE:301308) Days Sales Outstanding : 31.59 (As of Mar. 2024)

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What is Shenzhen Longsys Electronics Co Days Sales Outstanding?

Shenzhen Longsys Electronics Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,542 Mil. Shenzhen Longsys Electronics Co's Revenue for the three months ended in Mar. 2024 was ¥4,453 Mil. Hence, Shenzhen Longsys Electronics Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 31.59.

The historical rank and industry rank for Shenzhen Longsys Electronics Co's Days Sales Outstanding or its related term are showing as below:

SZSE:301308' s Days Sales Outstanding Range Over the Past 10 Years
Min: 18.73 Med: 29.78 Max: 40.72
Current: 35.96

During the past 6 years, Shenzhen Longsys Electronics Co's highest Days Sales Outstanding was 40.72. The lowest was 18.73. And the median was 29.78.

SZSE:301308's Days Sales Outstanding is ranked better than
89.84% of 2461 companies
in the Hardware industry
Industry Median: 74.37 vs SZSE:301308: 35.96

Shenzhen Longsys Electronics Co's Days Sales Outstanding declined from Mar. 2023 (56.71) to Mar. 2024 (31.59).

Shenzhen Longsys Electronics Co Days Sales Outstanding Historical Data

The historical data trend for Shenzhen Longsys Electronics 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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Shenzhen Longsys Electronics Co Days Sales Outstanding Chart

Shenzhen Longsys Electronics Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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26.04

19.92

18.73

33.51

40.72

Shenzhen Longsys Electronics 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												56.71	41.68	38.77	34.48	31.59

Competitive Comparison of Shenzhen Longsys Electronics Co's Days Sales Outstanding

For the Computer Hardware subindustry, Shenzhen Longsys Electronics 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.

Shenzhen Longsys Electronics Co's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenzhen Longsys Electronics Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shenzhen Longsys Electronics Co's Days Sales Outstanding falls into.

Shenzhen Longsys Electronics 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.

Shenzhen Longsys Electronics 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
=	( (913.721	+	1345.301)	/	2 )	/	10125.112	*	365
=	1129.511					/	10125.112	*	365
=	40.72

Shenzhen Longsys Electronics 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
=	( (1345.301	+	1738.257)	/	2 )	/	4452.882	*	365 / 4
=	1541.779					/	4452.882	*	365 / 4
=	31.59

Shenzhen Longsys Electronics Co (SZSE:301308) Days Sales Outstanding Explanation

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

Shenzhen Longsys Electronics Co Days Sales Outstanding Related Terms

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Shenzhen Longsys Electronics Co (SZSE:301308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Longsys Electronics Co Ltd (SZSE:301308) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

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Address

No.8 Kefa Road, A, B, C, D, E, F1, 8th Floor, Building 1, Financial Services Technology Innovation Base, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website

https://www.longsys.com

Shenzhen Longsys Electronics Co Ltd is a technology-based storage product manufacturer dedicated to memory chip architecture and application. The company has five product lines: embedded storage, industrial storage, mobile storage, SSD storage, and memory module. It provides systematic solutions for personal data and industrial software and hardware storage products.

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