Hubei Huaqiang High-Tech Co (SHSE:688151) Days Sales Outstanding : 476.91 (As of Mar. 2024)

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What is Hubei Huaqiang High-Tech Co Days Sales Outstanding?

Hubei Huaqiang High-Tech Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥634.2 Mil. Hubei Huaqiang High-Tech Co's Revenue for the three months ended in Mar. 2024 was ¥121.3 Mil. Hence, Hubei Huaqiang High-Tech Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 476.91.

The historical rank and industry rank for Hubei Huaqiang High-Tech Co's Days Sales Outstanding or its related term are showing as below:

SHSE:688151' s Days Sales Outstanding Range Over the Past 10 Years
Min: 68.01 Med: 167.4 Max: 476.4
Current: 476.4

During the past 7 years, Hubei Huaqiang High-Tech Co's highest Days Sales Outstanding was 476.40. The lowest was 68.01. And the median was 167.40.

SHSE:688151's Days Sales Outstanding is ranked worse than
97.54% of 812 companies
in the Medical Devices & Instruments industry
Industry Median: 65.015 vs SHSE:688151: 476.40

Hubei Huaqiang High-Tech Co's Days Sales Outstanding increased from Mar. 2023 (323.32) to Mar. 2024 (476.91).

Warning Sign:

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

Hubei Huaqiang High-Tech Co Days Sales Outstanding Historical Data

The historical data trend for Hubei Huaqiang High-Tech 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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Hubei Huaqiang High-Tech Co Days Sales Outstanding Chart

Hubei Huaqiang High-Tech Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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68.01

207.63

167.40

387.61

405.67

Hubei Huaqiang High-Tech Co Quarterly Data
	Dec18	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															323.32	718.35	704.07	275.07	476.91

Competitive Comparison of Hubei Huaqiang High-Tech Co's Days Sales Outstanding

For the Medical Instruments & Supplies subindustry, Hubei Huaqiang High-Tech 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.

Hubei Huaqiang High-Tech Co's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Hubei Huaqiang High-Tech Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Hubei Huaqiang High-Tech Co's Days Sales Outstanding falls into.

Hubei Huaqiang High-Tech 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.

Hubei Huaqiang High-Tech 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
=	( (638.894	+	634.243)	/	2 )	/	572.753	*	365
=	636.5685					/	572.753	*	365
=	405.67

Hubei Huaqiang High-Tech 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
=	( (634.243	+	634.078)	/	2 )	/	121.337	*	365 / 4
=	634.1605					/	121.337	*	365 / 4
=	476.91

Hubei Huaqiang High-Tech Co (SHSE:688151) Days Sales Outstanding Explanation

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

Hubei Huaqiang High-Tech Co Days Sales Outstanding Related Terms

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Hubei Huaqiang High-Tech Co (SHSE:688151) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Hubei Huaqiang High-Tech Co Ltd (SHSE:688151) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.499, Donglin Road, Biological Industry Park, Yichang Area, Free Trade Zone, Hubei, CHN, 443000

Website

http://www.hqtc.com

Hubei Huaqiang High-Tech Co Ltd is engaged in the research and development, production and sales of special protective equipment, medical packaging and medical device products.

Hubei Huaqiang High-Tech Co (SHSE:688151) Headlines

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