Wuxi Xinhongye Wire And Cable Co (SZSE:301310) Days Sales Outstanding : 175.08 (As of Mar. 2024)

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What is Wuxi Xinhongye Wire And Cable Co Days Sales Outstanding?

Wuxi Xinhongye Wire And Cable Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥933 Mil. Wuxi Xinhongye Wire And Cable Co's Revenue for the three months ended in Mar. 2024 was ¥486 Mil. Hence, Wuxi Xinhongye Wire And Cable Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 175.08.

The historical rank and industry rank for Wuxi Xinhongye Wire And Cable Co's Days Sales Outstanding or its related term are showing as below:

SZSE:301310' s Days Sales Outstanding Range Over the Past 10 Years
Min: 130.87 Med: 137.38 Max: 158.91
Current: 153.59

During the past 6 years, Wuxi Xinhongye Wire And Cable Co's highest Days Sales Outstanding was 158.91. The lowest was 130.87. And the median was 137.38.

SZSE:301310's Days Sales Outstanding is ranked worse than
85.1% of 2959 companies
in the Industrial Products industry
Industry Median: 79.62 vs SZSE:301310: 153.59

Wuxi Xinhongye Wire And Cable Co's Days Sales Outstanding increased from Mar. 2023 (168.11) to Mar. 2024 (175.08).

Wuxi Xinhongye Wire And Cable Co Days Sales Outstanding Historical Data

The historical data trend for Wuxi Xinhongye Wire And Cable 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.

* Premium members only.

Wuxi Xinhongye Wire And Cable Co Days Sales Outstanding Chart

Wuxi Xinhongye Wire And Cable Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

140.16

145.22

130.98

134.60

158.91

Wuxi Xinhongye Wire And Cable 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											168.11	148.08	142.39	156.01	175.08

Competitive Comparison of Wuxi Xinhongye Wire And Cable Co's Days Sales Outstanding

For the Electrical Equipment & Parts subindustry, Wuxi Xinhongye Wire And Cable 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.

Wuxi Xinhongye Wire And Cable Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wuxi Xinhongye Wire And Cable Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Wuxi Xinhongye Wire And Cable Co's Days Sales Outstanding falls into.

Wuxi Xinhongye Wire And Cable 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.

Wuxi Xinhongye Wire And Cable 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
=	( (798	+	944.418)	/	2 )	/	2001.041	*	365
=	871.209					/	2001.041	*	365
=	158.91

Wuxi Xinhongye Wire And Cable 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
=	( (944.418	+	921.05)	/	2 )	/	486.122	*	365 / 4
=	932.734					/	486.122	*	365 / 4
=	175.08

Wuxi Xinhongye Wire And Cable Co (SZSE:301310) Days Sales Outstanding Explanation

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

Wuxi Xinhongye Wire And Cable Co Days Sales Outstanding Related Terms

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Wuxi Xinhongye Wire And Cable Co (SZSE:301310) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Xinhongye Wire And Cable Co Ltd (SZSE:301310) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 17, Hexin Road, Xishan Economic and Technological Development Zone, Jiangsu, Wuxi, CHN, 214101

Website

http://www.xhycable.com

Wuxi Xinhongye Wire And Cable Co Ltd are engaged in Research &Development, production, and sales of photovoltaic cables, new energy vehicle cables, industrial cables, and other special cables. The company has broad market development prospects, and its products are widely used in various industries such as power distribution systems, automobiles, new energy vehicles, electrical wiring harnesses, UPS power supplies, transformers, motors, sensors, thermal protectors, and new energy sources worldwide.

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