China National Medicines (SHSE:600511) Days Sales Outstanding : 69.96 (As of Mar. 2024)

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What is China National Medicines Days Sales Outstanding?

China National Medicines's average Accounts Receivable for the three months ended in Mar. 2024 was ¥9,294 Mil. China National Medicines's Revenue for the three months ended in Mar. 2024 was ¥12,122 Mil. Hence, China National Medicines's Days Sales Outstanding for the three months ended in Mar. 2024 was 69.96.

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

SHSE:600511' s Days Sales Outstanding Range Over the Past 10 Years
Min: 43.83 Med: 67.98 Max: 89.14
Current: 53.67

During the past 13 years, China National Medicines's highest Days Sales Outstanding was 89.14. The lowest was 43.83. And the median was 67.98.

SHSE:600511's Days Sales Outstanding is ranked better than
68.75% of 96 companies
in the Medical Distribution industry
Industry Median: 76.76 vs SHSE:600511: 53.67

China National Medicines's Days Sales Outstanding increased from Mar. 2023 (46.72) to Mar. 2024 (69.96).

China National Medicines Days Sales Outstanding Historical Data

The historical data trend for China National Medicines'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.

China National Medicines Days Sales Outstanding Chart

China National Medicines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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84.86

73.99

43.83

45.96

54.00

China National Medicines Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															46.72	42.89	47.34	53.46	69.96

Competitive Comparison of China National Medicines's Days Sales Outstanding

For the Medical Distribution subindustry, China National Medicines'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.

China National Medicines's Days Sales Outstanding Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, China National Medicines's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where China National Medicines's Days Sales Outstanding falls into.

China National Medicines 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.

China National Medicines'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
=	( (5745.371	+	8959.092)	/	2 )	/	49696.046	*	365
=	7352.2315					/	49696.046	*	365
=	54.00

China National Medicines'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
=	( (8959.092	+	9629.511)	/	2 )	/	12122.143	*	365 / 4
=	9294.3015					/	12122.143	*	365 / 4
=	69.96

China National Medicines (SHSE:600511) Days Sales Outstanding Explanation

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

China National Medicines Days Sales Outstanding Related Terms

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China National Medicines (SHSE:600511) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » China National Medicines Corp Ltd (SHSE:600511) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 12 A, Sanyuan West Lane, Yongwai, Chongwen District, Beijing, CHN, 100077

Website

http://www.cncm.com.cn

China National Medicines Corp Ltd focuses on producing special drugs and high-end prescription drugs. Its main goal is to provide customers with professional medical services. The company is also engaged in proprietary Chinese medicines, Chinese medicine decoction pieces, Chinese medicinal materials, chemical preparations, chemical raw materials, antibiotics, and biochemical drugs.

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