SolarMax Technology (SolarMax Technology) Days Sales Outstanding : 64.56 (As of Mar. 2024)

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What is SolarMax Technology Days Sales Outstanding?

SolarMax Technology's average Accounts Receivable for the three months ended in Mar. 2024 was $4.08 Mil. SolarMax Technology's Revenue for the three months ended in Mar. 2024 was $5.76 Mil. Hence, SolarMax Technology's Days Sales Outstanding for the three months ended in Mar. 2024 was 64.56.

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

SMXT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 5.59 Med: 21.08 Max: 37.32
Current: 33.4

During the past 7 years, SolarMax Technology's highest Days Sales Outstanding was 37.32. The lowest was 5.59. And the median was 21.08.

SMXT's Days Sales Outstanding is ranked better than
87.46% of 981 companies
in the Semiconductors industry
Industry Median: 62.14 vs SMXT: 33.40

SolarMax Technology's Days Sales Outstanding increased from Mar. 2023 (38.56) to Mar. 2024 (64.56).

SolarMax Technology Days Sales Outstanding Historical Data

The historical data trend for SolarMax 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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SolarMax Technology Days Sales Outstanding Chart

SolarMax Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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14.87

5.59

21.08

37.32

34.08

SolarMax Technology Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															38.56	30.37	31.06	33.59	64.56

Competitive Comparison of SolarMax Technology's Days Sales Outstanding

For the Solar subindustry, SolarMax 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.

SolarMax Technology's Days Sales Outstanding Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, SolarMax Technology's Days Sales Outstanding distribution charts can be found below:

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

SolarMax 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.

SolarMax 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
=	( (5.933	+	4.176)	/	2 )	/	54.139	*	365
=	5.0545					/	54.139	*	365
=	34.08

SolarMax 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
=	( (4.176	+	3.98)	/	2 )	/	5.764	*	365 / 4
=	4.078					/	5.764	*	365 / 4
=	64.56

SolarMax Technology (NAS:SMXT) Days Sales Outstanding Explanation

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

SolarMax Technology Days Sales Outstanding Related Terms

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SolarMax Technology (SolarMax Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SolarMax Technology Inc (NAS:SMXT) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

6W1:Germany

Address

3080 12th Street, Riverside, CA, USA, 92507

Website

http://www.solarmaxtech.com

SolarMax Technology Inc is an integrated solar and renewable energy company. It operates in two segments namely the United States and China. The United States business includes the sale and installation of photovoltaic and battery backup systems. China operations consist of operating and maintaining solar farm projects and identifying and procuring solar farm projects for resale to third parties. Some of its products are LG Solar Panels, QCELL Solar Panels, Panasonic Solar Panels, and others. The company generates a majority of its revenue from the Solar energy systems.

SolarMax Technology (SolarMax Technology) Headlines

From GuruFocus

SolarMax Technology, Inc. Announces Pricing of Initial Public Offering and listing on Nasdaq

By PRNewswire • 02-27-2024