Qingdao Gaoce Technology Co (SHSE:688556) Days Sales Outstanding : 145.17 (As of Mar. 2024)

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What is Qingdao Gaoce Technology Co Days Sales Outstanding?

Qingdao Gaoce Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥2,259 Mil. Qingdao Gaoce Technology Co's Revenue for the three months ended in Mar. 2024 was ¥1,420 Mil. Hence, Qingdao Gaoce Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 145.17.

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

SHSE:688556' s Days Sales Outstanding Range Over the Past 10 Years
Min: 91.28 Med: 133.77 Max: 166.72
Current: 103.51

During the past 10 years, Qingdao Gaoce Technology Co's highest Days Sales Outstanding was 166.72. The lowest was 91.28. And the median was 133.77.

SHSE:688556's Days Sales Outstanding is ranked worse than
67.67% of 2957 companies
in the Industrial Products industry
Industry Median: 79.65 vs SHSE:688556: 103.51

Qingdao Gaoce Technology Co's Days Sales Outstanding increased from Mar. 2023 (88.83) to Mar. 2024 (145.17).

Qingdao Gaoce Technology Co Days Sales Outstanding Historical Data

The historical data trend for Qingdao Gaoce Technology 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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Qingdao Gaoce Technology Co Days Sales Outstanding Chart

Qingdao Gaoce Technology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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145.98

163.72

121.56

91.28

93.77

Qingdao Gaoce Technology 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															88.83	101.62	84.20	86.77	145.17

Competitive Comparison of Qingdao Gaoce Technology Co's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Qingdao Gaoce Technology 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.

Qingdao Gaoce Technology Co's Days Sales Outstanding Distribution in the Industrial Products Industry

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

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

Qingdao Gaoce Technology 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.

Qingdao Gaoce Technology 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
=	( (1092	+	2085.246)	/	2 )	/	6183.894	*	365
=	1588.623					/	6183.894	*	365
=	93.77

Qingdao Gaoce Technology 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
=	( (2085.246	+	2432.997)	/	2 )	/	1419.997	*	365 / 4
=	2259.1215					/	1419.997	*	365 / 4
=	145.17

Qingdao Gaoce Technology Co (SHSE:688556) 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 Gaoce Technology Co Days Sales Outstanding Related Terms

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Qingdao Gaoce Technology Co (SHSE:688556) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Gaoce Technology Co Ltd (SHSE:688556) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.66 Huoju Zhilu, High-tech Industrial Development Zone, Shandong Province, Qingdao, CHN, 266114

Website

http://www.gaoce.cc

Qingdao Gaoce Technology Co Ltd is engaged in the research and development, production and sales of cutting equipment for hard and brittle materials and cutting tools. The products are mainly used on silicon wafer for photovoltaic industry.

Executives

Duan Jing Bo	Core technical personnel
Yu Wen Bo	Supervisors
Wang Mu Ya	Directors, senior managers
Zhang Lu	Core technical personnel
Zhang Xiu Tao	Directors, senior managers
Li Xue Yu	Directors, senior managers
Yu Qun	Core technical personnel
Xing Xu	Core technical personnel
Jiang Shu Ming	Director
Zhang Xu	Director, core technical staff
Chou Jian	Core technical personnel

Qingdao Gaoce Technology Co (SHSE:688556) Headlines

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