Ningbo Fuda Co (SHSE:600724) Days Sales Outstanding : 45.10 (As of Mar. 2024)

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What is Ningbo Fuda Co Days Sales Outstanding?

Ningbo Fuda Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥275 Mil. Ningbo Fuda Co's Revenue for the three months ended in Mar. 2024 was ¥556 Mil. Hence, Ningbo Fuda Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 45.10.

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

SHSE:600724' s Days Sales Outstanding Range Over the Past 10 Years
Min: 3.73 Med: 8.97 Max: 48.15
Current: 48.15

During the past 13 years, Ningbo Fuda Co's highest Days Sales Outstanding was 48.15. The lowest was 3.73. And the median was 8.97.

SHSE:600724's Days Sales Outstanding is ranked worse than
57.04% of 1662 companies
in the Real Estate industry
Industry Median: 36.505 vs SHSE:600724: 48.15

Ningbo Fuda Co's Days Sales Outstanding declined from Mar. 2023 (45.77) to Mar. 2024 (45.10).

Ningbo Fuda Co Days Sales Outstanding Historical Data

The historical data trend for Ningbo Fuda 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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Ningbo Fuda Co Days Sales Outstanding Chart

Ningbo Fuda Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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10.30

12.32

21.01

31.04

39.93

Ningbo Fuda 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															45.77	47.51	51.14	53.95	45.10

Competitive Comparison of Ningbo Fuda Co's Days Sales Outstanding

For the Real Estate Services subindustry, Ningbo Fuda 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.

Ningbo Fuda Co's Days Sales Outstanding Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Ningbo Fuda Co's Days Sales Outstanding distribution charts can be found below:

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

Ningbo Fuda 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.

Ningbo Fuda 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
=	( (357.148	+	335.765)	/	2 )	/	3167.335	*	365
=	346.4565					/	3167.335	*	365
=	39.93

Ningbo Fuda 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
=	( (335.765	+	213.884)	/	2 )	/	556.052	*	365 / 4
=	274.8245					/	556.052	*	365 / 4
=	45.10

Ningbo Fuda Co (SHSE:600724) Days Sales Outstanding Explanation

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

Ningbo Fuda Co Days Sales Outstanding Related Terms

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Ningbo Fuda Co (SHSE:600724) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ningbo Fuda Co Ltd (SHSE:600724) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 355 Yangming West Road, Yuyao, Ningbo, Zhejiang, CHN, 315400

Website

http://www.fuda.com

Ningbo Fuda Co Ltd is engaged in the businesses of investment development, operation management of the commercial real estate, development of the residential property, and cement production.

Executives

Chen Jian Xin	senior management
Xu Lai Gen	senior management

Ningbo Fuda Co (SHSE:600724) Headlines

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