Mehow Innovative (SZSE:301363) Days Sales Outstanding : 70.68 (As of Mar. 2024)

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What is Mehow Innovative Days Sales Outstanding?

Mehow Innovative's average Accounts Receivable for the three months ended in Mar. 2024 was ¥218 Mil. Mehow Innovative's Revenue for the three months ended in Mar. 2024 was ¥282 Mil. Hence, Mehow Innovative's Days Sales Outstanding for the three months ended in Mar. 2024 was 70.68.

The historical rank and industry rank for Mehow Innovative's Days Sales Outstanding or its related term are showing as below:

SZSE:301363' s Days Sales Outstanding Range Over the Past 10 Years
Min: 51.51 Med: 55.41 Max: 64.88
Current: 64.88

During the past 6 years, Mehow Innovative's highest Days Sales Outstanding was 64.88. The lowest was 51.51. And the median was 55.41.

SZSE:301363's Days Sales Outstanding is ranked better than
50.5% of 808 companies
in the Medical Devices & Instruments industry
Industry Median: 65.27 vs SZSE:301363: 64.88

Mehow Innovative's Days Sales Outstanding increased from Mar. 2023 (51.14) to Mar. 2024 (70.68).

Mehow Innovative Days Sales Outstanding Historical Data

The historical data trend for Mehow Innovative'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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Mehow Innovative Days Sales Outstanding Chart

Mehow Innovative Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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51.51

53.44

58.06

54.05

56.76

Mehow Innovative 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											51.14	54.06	73.75	66.90	70.68

Competitive Comparison of Mehow Innovative's Days Sales Outstanding

For the Medical Devices subindustry, Mehow Innovative'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.

Mehow Innovative's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Mehow Innovative's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Mehow Innovative's Days Sales Outstanding falls into.

Mehow Innovative 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.

Mehow Innovative'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
=	( (202.564	+	213.425)	/	2 )	/	1337.587	*	365
=	207.9945					/	1337.587	*	365
=	56.76

Mehow Innovative'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
=	( (213.425	+	222.724)	/	2 )	/	281.551	*	365 / 4
=	218.0745					/	281.551	*	365 / 4
=	70.68

Mehow Innovative (SZSE:301363) Days Sales Outstanding Explanation

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

Mehow Innovative Days Sales Outstanding Related Terms

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Mehow Innovative (SZSE:301363) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Mehow Innovative Ltd (SZSE:301363) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Baolong Sixth Road, Baolong Street, 101, 201, 401, 101, 201, 401, Building A, Xinzhongqiao Industrial Park, Longgang District, Guangdong Province, Shenzhen, CHN, 518116

Website

https://www.mehow.com

Mehow Innovative Ltd is engaged in the design, development, manufacture and sales of precision components and products for medical devices.

Executives

Tan Jing Xia

Secretary Dong

Mehow Innovative (SZSE:301363) Headlines

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