Grandit Co (SHSE:688549) Days Sales Outstanding : 88.40 (As of Mar. 2024)

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What is Grandit Co Days Sales Outstanding?

Grandit Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥226.3 Mil. Grandit Co's Revenue for the three months ended in Mar. 2024 was ¥233.6 Mil. Hence, Grandit Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 88.40.

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

SHSE:688549' s Days Sales Outstanding Range Over the Past 10 Years
Min: 52.43 Med: 77.71 Max: 133.57
Current: 82.35

During the past 6 years, Grandit Co's highest Days Sales Outstanding was 133.57. The lowest was 52.43. And the median was 77.71.

SHSE:688549's Days Sales Outstanding is ranked worse than
67.76% of 1529 companies
in the Chemicals industry
Industry Median: 64.13 vs SHSE:688549: 82.35

Grandit Co's Days Sales Outstanding increased from Mar. 2023 (85.85) to Mar. 2024 (88.40).

Grandit Co Days Sales Outstanding Historical Data

The historical data trend for Grandit 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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Grandit Co Days Sales Outstanding Chart

Grandit Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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72.02

70.63

52.43

88.05

83.39

Grandit Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial										85.85	79.65	73.82	76.90	88.40

Competitive Comparison of Grandit Co's Days Sales Outstanding

For the Specialty Chemicals subindustry, Grandit 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.

Grandit Co's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Grandit Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Grandit Co's Days Sales Outstanding falls into.

Grandit 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.

Grandit 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
=	( (192.749	+	215.756)	/	2 )	/	894.016	*	365
=	204.2525					/	894.016	*	365
=	83.39

Grandit 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
=	( (215.756	+	236.931)	/	2 )	/	233.647	*	365 / 4
=	226.3435					/	233.647	*	365 / 4
=	88.40

Grandit Co (SHSE:688549) Days Sales Outstanding Explanation

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

Grandit Co Days Sales Outstanding Related Terms

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Grandit Co (SHSE:688549) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Grandit Co Ltd (SHSE:688549) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

Southeast Times City, Room 857, Building 3, Zhejiang, Quzhou, CHN, 324004

Website

https://www.grandit.com.cn

Grandit Co Ltd focuses on the research & development, production and sales of electronic chemical materials required by the semiconductor industry such as integrated circuits and display panels. The company's business has covered three major business segments: electronic wet chemicals, electronic specialty gases and precursor materials.

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