Tongda Smart Tech (Xiamen) Co (SZSE:001368) Days Sales Outstanding : 68.98 (As of Mar. 2024)

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What is Tongda Smart Tech (Xiamen) Co Days Sales Outstanding?

Tongda Smart Tech (Xiamen) Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥178.7 Mil. Tongda Smart Tech (Xiamen) Co's Revenue for the three months ended in Mar. 2024 was ¥236.5 Mil. Hence, Tongda Smart Tech (Xiamen) Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 68.98.

The historical rank and industry rank for Tongda Smart Tech (Xiamen) Co's Days Sales Outstanding or its related term are showing as below:

SZSE:001368' s Days Sales Outstanding Range Over the Past 10 Years
Min: 56.18 Med: 61.09 Max: 75.51
Current: 75.51

During the past 6 years, Tongda Smart Tech (Xiamen) Co's highest Days Sales Outstanding was 75.51. The lowest was 56.18. And the median was 61.09.

SZSE:001368's Days Sales Outstanding is ranked worse than
75.53% of 421 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 53.04 vs SZSE:001368: 75.51

Tongda Smart Tech (Xiamen) Co's Days Sales Outstanding declined from Mar. 2023 (69.64) to Mar. 2024 (68.98).

Tongda Smart Tech (Xiamen) Co Days Sales Outstanding Historical Data

The historical data trend for Tongda Smart Tech (Xiamen) 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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Tongda Smart Tech (Xiamen) Co Days Sales Outstanding Chart

Tongda Smart Tech (Xiamen) Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

59.91

70.55

62.26

59.00

67.77

Tongda Smart Tech (Xiamen) Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial									69.64	86.81	75.84	66.17	68.98

Competitive Comparison of Tongda Smart Tech (Xiamen) Co's Days Sales Outstanding

For the Furnishings, Fixtures & Appliances subindustry, Tongda Smart Tech (Xiamen) 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.

Tongda Smart Tech (Xiamen) Co's Days Sales Outstanding Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Tongda Smart Tech (Xiamen) Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Tongda Smart Tech (Xiamen) Co's Days Sales Outstanding falls into.

Tongda Smart Tech (Xiamen) 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.

Tongda Smart Tech (Xiamen) 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
=	( (134.988	+	161.736)	/	2 )	/	799.111	*	365
=	148.362					/	799.111	*	365
=	67.77

Tongda Smart Tech (Xiamen) 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
=	( (161.736	+	195.751)	/	2 )	/	236.457	*	365 / 4
=	178.7435					/	236.457	*	365 / 4
=	68.98

Tongda Smart Tech (Xiamen) Co (SZSE:001368) Days Sales Outstanding Explanation

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

Tongda Smart Tech (Xiamen) Co Days Sales Outstanding Related Terms

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Tongda Smart Tech (Xiamen) Co (SZSE:001368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Tongda Smart Tech (Xiamen) Co Ltd (SZSE:001368) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 89 DingShan Middle Road, Dongfu Town, Fujian Province, Haicang District, Xiamen, CHN, 361027

Website

http://www.xmcz.cn

Tongda Smart Tech (Xiamen) Co Ltd is engaged in the research and development, production and sales of consumer products such as sports outdoor, home life, health care and others.

Tongda Smart Tech (Xiamen) Co (SZSE:001368) Headlines

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