Qingdao Topscomm Communication (SHSE:603421) Days Sales Outstanding : 313.67 (As of Mar. 2024)

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What is Qingdao Topscomm Communication Days Sales Outstanding?

Qingdao Topscomm Communication's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,610 Mil. Qingdao Topscomm Communication's Revenue for the three months ended in Mar. 2024 was ¥468 Mil. Hence, Qingdao Topscomm Communication's Days Sales Outstanding for the three months ended in Mar. 2024 was 313.67.

The historical rank and industry rank for Qingdao Topscomm Communication's Days Sales Outstanding or its related term are showing as below:

SHSE:603421' s Days Sales Outstanding Range Over the Past 10 Years
Min: 91.33 Med: 161.27 Max: 191.13
Current: 151.41

During the past 13 years, Qingdao Topscomm Communication's highest Days Sales Outstanding was 191.13. The lowest was 91.33. And the median was 161.27.

SHSE:603421's Days Sales Outstanding is ranked worse than
88.82% of 2459 companies
in the Hardware industry
Industry Median: 74.44 vs SHSE:603421: 151.41

Qingdao Topscomm Communication's Days Sales Outstanding increased from Mar. 2023 (300.23) to Mar. 2024 (313.67).

Qingdao Topscomm Communication Days Sales Outstanding Historical Data

The historical data trend for Qingdao Topscomm Communication'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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Qingdao Topscomm Communication Days Sales Outstanding Chart

Qingdao Topscomm Communication Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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169.67

179.11

175.61

191.13

172.69

Qingdao Topscomm Communication 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															300.23	151.10	158.28	100.87	313.67

Competitive Comparison of Qingdao Topscomm Communication's Days Sales Outstanding

For the Scientific & Technical Instruments subindustry, Qingdao Topscomm Communication'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.

Qingdao Topscomm Communication's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Qingdao Topscomm Communication's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Qingdao Topscomm Communication's Days Sales Outstanding falls into.

Qingdao Topscomm Communication 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.

Qingdao Topscomm Communication'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
=	( (1699.793	+	1737.611)	/	2 )	/	3632.703	*	365
=	1718.702					/	3632.703	*	365
=	172.69

Qingdao Topscomm Communication'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
=	( (1737.611	+	1482.747)	/	2 )	/	468.419	*	365 / 4
=	1610.179					/	468.419	*	365 / 4
=	313.67

Qingdao Topscomm Communication (SHSE:603421) Days Sales Outstanding Explanation

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

Qingdao Topscomm Communication Days Sales Outstanding Related Terms

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Qingdao Topscomm Communication (SHSE:603421) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Qingdao Topscomm Communication Inc (SHSE:603421) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 288 Ningxia Road, 5th Floor, No. 6 Building, Qingdao Software Park, Shinan District, Qingdao City, CHN, 266024

Website

http://www.topscomm.com

Qingdao Topscomm Communication Inc designs, researches and develops, manufactures, and sells smart products for electric power and fire protection in China. It also engages in the research and development of power line carrier communication chips and fieldbus communication chips. Its products include smart energy meters, such as smart prepayment and advanced metering infrastructure (AMI), power line carrier communication system; chips; terminal collecting device such as concentrator and state grid concentrator; and intelligent indoor terminal. It also provides AMI, prepayment vending, water/gas/heat and electricity meter AMR/AMI, distribution automation and management, and low and medium voltage PLC communication solutions.

Executives

Ge Jun	Directors, senior managers
Zhou Li Min	senior management
Fan Jian Hua	Directors, senior managers
Xu Rui	Supervisors
Bao Chun Xia	senior management
Xu Guang Yi	senior management

Qingdao Topscomm Communication (SHSE:603421) Headlines

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