Luxin Venture Capital Group Co (SHSE:600783) Days Sales Outstanding : 112.38 (As of Mar. 2024)

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What is Luxin Venture Capital Group Co Days Sales Outstanding?

Luxin Venture Capital Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥20.52 Mil. Luxin Venture Capital Group Co's Revenue for the three months ended in Mar. 2024 was ¥16.66 Mil. Hence, Luxin Venture Capital Group Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 112.38.

The historical rank and industry rank for Luxin Venture Capital Group Co's Days Sales Outstanding or its related term are showing as below:

SHSE:600783' s Days Sales Outstanding Range Over the Past 10 Years
Min: 56.83 Med: 84.31 Max: 106.23
Current: 106.23

During the past 13 years, Luxin Venture Capital Group Co's highest Days Sales Outstanding was 106.23. The lowest was 56.83. And the median was 84.31.

SHSE:600783's Days Sales Outstanding is ranked worse than
69.76% of 2960 companies
in the Industrial Products industry
Industry Median: 79.615 vs SHSE:600783: 106.23

Luxin Venture Capital Group Co's Days Sales Outstanding increased from Mar. 2023 (111.76) to Mar. 2024 (112.38).

Warning Sign:

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

Luxin Venture Capital Group Co Days Sales Outstanding Historical Data

The historical data trend for Luxin Venture Capital 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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Luxin Venture Capital Group Co Days Sales Outstanding Chart

Luxin Venture Capital Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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65.87

84.37

56.83

64.61

86.55

Luxin Venture Capital Group 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															111.76	73.00	77.22	943.85	112.38

Competitive Comparison of Luxin Venture Capital Group Co's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Luxin Venture Capital 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.

Luxin Venture Capital Group Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Luxin Venture Capital Group Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Luxin Venture Capital Group Co's Days Sales Outstanding falls into.

Luxin Venture Capital 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.

Luxin Venture Capital 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
=	( (20.389	+	17.69)	/	2 )	/	80.293	*	365
=	19.0395					/	80.293	*	365
=	86.55

Luxin Venture Capital 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
=	( (17.69	+	23.347)	/	2 )	/	16.66	*	365 / 4
=	20.5185					/	16.66	*	365 / 4
=	112.38

Luxin Venture Capital Group Co (SHSE:600783) Days Sales Outstanding Explanation

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

Luxin Venture Capital Group Co Days Sales Outstanding Related Terms

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Luxin Venture Capital Group Co (SHSE:600783) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Luxin Venture Capital Group Co Ltd (SHSE:600783) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

9999 Jingshi Road, Golden Times Square, 4th Floor, Block C, Jinan, CHN, 250101

Website

http://www.600783.cn

Luxin Venture Capital Group Co Ltd is a China-based venture capital company. It is engaged in the investment in industries such as advanced manufacturing, modern agriculture, and marine economy; strategic emerging industries such as information technology, energy conservation and environmental protection, new energy, new materials, biotechnology and high-end equipment manufacturing. It is also involved in the fund management business which includes government-managed investment funds and market-oriented self-investment funds.

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