Nanjing CIGU Technology (SHSE:688448) Days Sales Outstanding : 531.89 (As of Mar. 2024)

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What is Nanjing CIGU Technology Days Sales Outstanding?

Nanjing CIGU Technology's average Accounts Receivable for the three months ended in Mar. 2024 was ¥254.5 Mil. Nanjing CIGU Technology's Revenue for the three months ended in Mar. 2024 was ¥43.7 Mil. Hence, Nanjing CIGU Technology's Days Sales Outstanding for the three months ended in Mar. 2024 was 531.89.

The historical rank and industry rank for Nanjing CIGU Technology's Days Sales Outstanding or its related term are showing as below:

SHSE:688448' s Days Sales Outstanding Range Over the Past 10 Years
Min: 162.63 Med: 185.18 Max: 213.83
Current: 197.03

During the past 6 years, Nanjing CIGU Technology's highest Days Sales Outstanding was 213.83. The lowest was 162.63. And the median was 185.18.

SHSE:688448's Days Sales Outstanding is ranked worse than
91.48% of 2957 companies
in the Industrial Products industry
Industry Median: 79.65 vs SHSE:688448: 197.03

Nanjing CIGU Technology's Days Sales Outstanding increased from Mar. 2023 (506.96) to Mar. 2024 (531.89).

Nanjing CIGU Technology Days Sales Outstanding Historical Data

The historical data trend for Nanjing CIGU Technology'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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Nanjing CIGU Technology Days Sales Outstanding Chart

Nanjing CIGU Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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167.66

162.63

169.79

200.57

213.83

Nanjing CIGU Technology Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial											506.96	216.70	199.64	117.52	531.89

Competitive Comparison of Nanjing CIGU Technology's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Nanjing CIGU Technology'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.

Nanjing CIGU Technology's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nanjing CIGU Technology's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Nanjing CIGU Technology's Days Sales Outstanding falls into.

Nanjing CIGU Technology 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.

Nanjing CIGU Technology'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
=	( (211.137	+	273.409)	/	2 )	/	413.556	*	365
=	242.273					/	413.556	*	365
=	213.83

Nanjing CIGU Technology'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
=	( (273.409	+	235.629)	/	2 )	/	43.665	*	365 / 4
=	254.519					/	43.665	*	365 / 4
=	531.89

Nanjing CIGU Technology (SHSE:688448) Days Sales Outstanding Explanation

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

Nanjing CIGU Technology Days Sales Outstanding Related Terms

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Nanjing CIGU Technology (SHSE:688448) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nanjing CIGU Technology Corp Ltd (SHSE:688448) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

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Address

No. 99, Jinxin Middle Road, Jiangsu Province (Jiangning Development Zone), iangning District, Nanjing, CHN, 211000

Website

http://www.cigu.com.cn

Nanjing CIGU Technology Corp Ltd is engaged in the research and development, production and sales of magnetic levitation fluid machinery and magnetic levitation bearings, high-speed motors, high-speed drives and other core components.

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