Apple Flavor & Fragrance Group Co (SHSE:603020) Days Sales Outstanding : 50.42 (As of Mar. 2024)

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What is Apple Flavor & Fragrance Group Co Days Sales Outstanding?

Apple Flavor & Fragrance Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥413 Mil. Apple Flavor & Fragrance Group Co's Revenue for the three months ended in Mar. 2024 was ¥747 Mil. Hence, Apple Flavor & Fragrance Group Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 50.42.

The historical rank and industry rank for Apple Flavor & Fragrance Group Co's Days Sales Outstanding or its related term are showing as below:

SHSE:603020' s Days Sales Outstanding Range Over the Past 10 Years
Min: 35.93 Med: 56.03 Max: 63.65
Current: 54.59

During the past 13 years, Apple Flavor & Fragrance Group Co's highest Days Sales Outstanding was 63.65. The lowest was 35.93. And the median was 56.03.

SHSE:603020's Days Sales Outstanding is ranked better than
60.92% of 1525 companies
in the Chemicals industry
Industry Median: 64.02 vs SHSE:603020: 54.59

Apple Flavor & Fragrance Group Co's Days Sales Outstanding declined from Mar. 2023 (63.46) to Mar. 2024 (50.42).

Apple Flavor & Fragrance Group Co Days Sales Outstanding Historical Data

The historical data trend for Apple Flavor & Fragrance 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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Apple Flavor & Fragrance Group Co Days Sales Outstanding Chart

Apple Flavor & Fragrance Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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62.70

60.40

56.55

63.65

63.15

Apple Flavor & Fragrance 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															63.46	55.28	58.72	52.31	50.42

Competitive Comparison of Apple Flavor & Fragrance Group Co's Days Sales Outstanding

For the Specialty Chemicals subindustry, Apple Flavor & Fragrance 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.

Apple Flavor & Fragrance Group Co's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Apple Flavor & Fragrance Group Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Apple Flavor & Fragrance Group Co's Days Sales Outstanding falls into.

Apple Flavor & Fragrance 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.

Apple Flavor & Fragrance 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
=	( (553.315	+	409.81)	/	2 )	/	2783.17	*	365
=	481.5625					/	2783.17	*	365
=	63.15

Apple Flavor & Fragrance 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
=	( (409.81	+	415.994)	/	2 )	/	747.266	*	365 / 4
=	412.902					/	747.266	*	365 / 4
=	50.42

Apple Flavor & Fragrance Group Co (SHSE:603020) Days Sales Outstanding Explanation

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

Apple Flavor & Fragrance Group Co Days Sales Outstanding Related Terms

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Apple Flavor & Fragrance Group Co (SHSE:603020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Apple Flavor & Fragrance Group Co Ltd (SHSE:603020) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

733 Gaoping Road, Jing'an District, Shanghai, CHN, 200436

Website

http://www.cnaff.com

Apple Flavor & Fragrance Group Co Ltd is engaged in the development, manufacture, and sale of spices, flavors, and food ingredients. Its main products include spices which include synthetic and natural flavors, flavors (including food flavors and daily flavors) and industrial Cree which mainly include chocolate for frozen drinks and chocolate for baking, widely used in food, beverages, cigarettes, daily chemicals. It also engaged in the distribution of internationally renowned brands of butter, cheese, whipped cream, chocolate, cocoa, fruit products and other food ingredients.

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