Shanghai Shenda Co (SHSE:600626) Days Sales Outstanding : 58.13 (As of Mar. 2024)

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What is Shanghai Shenda Co Days Sales Outstanding?

Shanghai Shenda Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,846 Mil. Shanghai Shenda Co's Revenue for the three months ended in Mar. 2024 was ¥2,897 Mil. Hence, Shanghai Shenda Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 58.13.

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

SHSE:600626' s Days Sales Outstanding Range Over the Past 10 Years
Min: 18.43 Med: 43.88 Max: 57.94
Current: 57.94

During the past 13 years, Shanghai Shenda Co's highest Days Sales Outstanding was 57.94. The lowest was 18.43. And the median was 43.88.

SHSE:600626's Days Sales Outstanding is ranked worse than
55.72% of 1032 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.335 vs SHSE:600626: 57.94

Shanghai Shenda Co's Days Sales Outstanding declined from Mar. 2023 (62.59) to Mar. 2024 (58.13).

Shanghai Shenda Co Days Sales Outstanding Historical Data

The historical data trend for Shanghai Shenda 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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Shanghai Shenda Co Days Sales Outstanding Chart

Shanghai Shenda Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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43.13

49.77

45.60

48.74

54.27

Shanghai Shenda Co 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															62.59	59.28	59.02	54.92	58.13

Competitive Comparison of Shanghai Shenda Co's Days Sales Outstanding

For the Textile Manufacturing subindustry, Shanghai Shenda 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.

Shanghai Shenda Co's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shanghai Shenda Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shanghai Shenda Co's Days Sales Outstanding falls into.

Shanghai Shenda 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.

Shanghai Shenda 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
=	( (1710.739	+	1758.708)	/	2 )	/	11667.723	*	365
=	1734.7235					/	11667.723	*	365
=	54.27

Shanghai Shenda 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
=	( (1758.708	+	1932.418)	/	2 )	/	2897.175	*	365 / 4
=	1845.563					/	2897.175	*	365 / 4
=	58.13

Shanghai Shenda Co (SHSE:600626) Days Sales Outstanding Explanation

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

Shanghai Shenda Co Days Sales Outstanding Related Terms

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Shanghai Shenda Co (SHSE:600626) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shanghai Shenda Co Ltd (SHSE:600626) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

1500 Jiangning Road, Shenda International Building, Shanghai, CHN, 200060

Website

http://www.cnshenda.com.cn

Shanghai Shenda Co Ltd is engaged in the international and domestic trade of textile products.

Executives

Hu Chun	senior management
Ma Tian Yu	senior management
Chen Jian	Director
Shen Yao Qing	Director
An Xiu Qing	Director
Yao Ming Hua	senior management
Xi Shi Ping	Director
Wang Qiu Rong	Director
Chen Kai Jian	Supervisors

Shanghai Shenda Co (SHSE:600626) Headlines

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