Guangzhou Newlife New Material Co (SZSE:301323) Days Sales Outstanding : 70.89 (As of Mar. 2024)

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What is Guangzhou Newlife New Material Co Days Sales Outstanding?

Guangzhou Newlife New Material Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥147.7 Mil. Guangzhou Newlife New Material Co's Revenue for the three months ended in Mar. 2024 was ¥190.2 Mil. Hence, Guangzhou Newlife New Material Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 70.89.

The historical rank and industry rank for Guangzhou Newlife New Material Co's Days Sales Outstanding or its related term are showing as below:

SZSE:301323' s Days Sales Outstanding Range Over the Past 10 Years
Min: 65.92 Med: 78.25 Max: 95.64
Current: 70.54

During the past 6 years, Guangzhou Newlife New Material Co's highest Days Sales Outstanding was 95.64. The lowest was 65.92. And the median was 78.25.

SZSE:301323's Days Sales Outstanding is ranked better than
54.17% of 2457 companies
in the Hardware industry
Industry Median: 74.19 vs SZSE:301323: 70.54

Guangzhou Newlife New Material Co's Days Sales Outstanding declined from Mar. 2023 (71.60) to Mar. 2024 (70.89).

Guangzhou Newlife New Material Co Days Sales Outstanding Historical Data

The historical data trend for Guangzhou Newlife New Material 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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Guangzhou Newlife New Material Co Days Sales Outstanding Chart

Guangzhou Newlife New Material Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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83.37

95.64

73.13

68.95

65.92

Guangzhou Newlife New Material Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial										71.60	73.18	72.73	72.91	70.89

Competitive Comparison of Guangzhou Newlife New Material Co's Days Sales Outstanding

For the Electronic Components subindustry, Guangzhou Newlife New Material 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.

Guangzhou Newlife New Material Co's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Guangzhou Newlife New Material Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Guangzhou Newlife New Material Co's Days Sales Outstanding falls into.

Guangzhou Newlife New Material 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.

Guangzhou Newlife New Material 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
=	( (117.997	+	160.547)	/	2 )	/	771.186	*	365
=	139.272					/	771.186	*	365
=	65.92

Guangzhou Newlife New Material 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
=	( (160.547	+	134.935)	/	2 )	/	190.177	*	365 / 4
=	147.741					/	190.177	*	365 / 4
=	70.89

Guangzhou Newlife New Material Co (SZSE:301323) Days Sales Outstanding Explanation

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

Guangzhou Newlife New Material Co Days Sales Outstanding Related Terms

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Guangzhou Newlife New Material Co (SZSE:301323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangzhou Newlife New Material Co Ltd (SZSE:301323) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

No. 4, Canghai 4th Road, Guangzhou Economic and Technological Development Zone, Yonghe Economic Zone, Guangdong, Guangzhou, CHN, 511356

Website

http://www.kingmagnet.com

Guangzhou Newlife New Material Co Ltd is focused on the research and development and production of magnetic materials, electronic ceramic materials and devices. Its products are divided into two major product directions: civil and industrial. Industrial products mainly focus on the research and development and production of mobile phones and micro-motor peripheral products, including varistors, copper (high specific gravity alloys), thermistors (NTC), high-energy radiation protection materials, medical radiation shielding materials, nuclear radiation shielding materials, etc. Civilian products include magnetic glue materials, magnetic products, Jingyisi, magnetic advertising materials, soft magnetic coatings, etc.

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