Sichuan Gangtong Medical Equipment Group Co (SZSE:301515) Days Sales Outstanding : 809.20 (As of Mar. 2024)

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What is Sichuan Gangtong Medical Equipment Group Co Days Sales Outstanding?

Sichuan Gangtong Medical Equipment Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥675.0 Mil. Sichuan Gangtong Medical Equipment Group Co's Revenue for the three months ended in Mar. 2024 was ¥76.1 Mil. Hence, Sichuan Gangtong Medical Equipment Group Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 809.20.

The historical rank and industry rank for Sichuan Gangtong Medical Equipment Group Co's Days Sales Outstanding or its related term are showing as below:

SZSE:301515' s Days Sales Outstanding Range Over the Past 10 Years
Min: 140.29 Med: 220.44 Max: 278.8
Current: 265.8

During the past 11 years, Sichuan Gangtong Medical Equipment Group Co's highest Days Sales Outstanding was 278.80. The lowest was 140.29. And the median was 220.44.

SZSE:301515's Days Sales Outstanding is ranked worse than
95.07% of 812 companies
in the Medical Devices & Instruments industry
Industry Median: 65.12 vs SZSE:301515: 265.80

Sichuan Gangtong Medical Equipment Group Co's Days Sales Outstanding increased from Mar. 2023 (717.51) to Mar. 2024 (809.20).

Warning Sign:

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

Sichuan Gangtong Medical Equipment Group Co Days Sales Outstanding Historical Data

The historical data trend for Sichuan Gangtong Medical Equipment Group 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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Sichuan Gangtong Medical Equipment Group Co Days Sales Outstanding Chart

Sichuan Gangtong Medical Equipment Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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211.83

199.81

206.33

238.74

278.80

Sichuan Gangtong Medical Equipment Group Co Quarterly Data
	Dec12	Dec13	Dec14	Dec15	Dec16	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial														717.51	193.14	604.64	144.38	809.20

Competitive Comparison of Sichuan Gangtong Medical Equipment Group Co's Days Sales Outstanding

For the Medical Devices subindustry, Sichuan Gangtong Medical Equipment Group 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.

Sichuan Gangtong Medical Equipment Group Co's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Sichuan Gangtong Medical Equipment Group Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Sichuan Gangtong Medical Equipment Group Co's Days Sales Outstanding falls into.

Sichuan Gangtong Medical Equipment Group 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.

Sichuan Gangtong Medical Equipment Group 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
=	( (576.281	+	710.667)	/	2 )	/	842.438	*	365
=	643.474					/	842.438	*	365
=	278.80

Sichuan Gangtong Medical Equipment Group 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
=	( (710.667	+	639.395)	/	2 )	/	76.12	*	365 / 4
=	675.031					/	76.12	*	365 / 4
=	809.20

Sichuan Gangtong Medical Equipment Group Co (SZSE:301515) Days Sales Outstanding Explanation

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

Sichuan Gangtong Medical Equipment Group Co Days Sales Outstanding Related Terms

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Sichuan Gangtong Medical Equipment Group Co (SZSE:301515) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sichuan Gangtong Medical Equipment Group Co Ltd (SZSE:301515) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

No. 356, South Section of Kailiwei Industrial Avenue, Sichuan, Jianyang, CHN, 641400

Website

http://www.gtjt.com

Sichuan Gangtong Medical Equipment Group Co Ltd is a modern provider of medical device research & development and manufacturing and medical professional system overall solutions. It is committed to solving the problems of medical gas supply and medical infection, providing various medical institutions with safe, stable, reliable and intelligent life support systems and life support areas.

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