Holitech Technology Co (SZSE:002217) Days Sales Outstanding : 156.72 (As of Mar. 2024)

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What is Holitech Technology Co Days Sales Outstanding?

Holitech Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥578 Mil. Holitech Technology Co's Revenue for the three months ended in Mar. 2024 was ¥337 Mil. Hence, Holitech Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 156.72.

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

SZSE:002217' s Days Sales Outstanding Range Over the Past 10 Years
Min: 55.9 Med: 124.35 Max: 191.36
Current: 191.36

During the past 13 years, Holitech Technology Co's highest Days Sales Outstanding was 191.36. The lowest was 55.90. And the median was 124.35.

SZSE:002217's Days Sales Outstanding is ranked worse than
96.13% of 1526 companies
in the Chemicals industry
Industry Median: 64.05 vs SZSE:002217: 191.36

Holitech Technology Co's Days Sales Outstanding increased from Mar. 2023 (141.89) to Mar. 2024 (156.72).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Holitech Technology Co Days Sales Outstanding Historical Data

The historical data trend for Holitech 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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Holitech Technology Co Days Sales Outstanding Chart

Holitech Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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160.68

158.96

125.95

122.75

150.92

Holitech 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															141.89	154.81	246.20	254.40	156.72

Competitive Comparison of Holitech Technology Co's Days Sales Outstanding

For the Chemicals subindustry, Holitech 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.

Holitech Technology Co's Days Sales Outstanding Distribution in the Chemicals Industry

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

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

Holitech 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.

Holitech 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
=	( (3133.077	+	696.12)	/	2 )	/	4630.419	*	365
=	1914.5985					/	4630.419	*	365
=	150.92

Holitech 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
=	( (696.12	+	459.919)	/	2 )	/	336.551	*	365 / 4
=	578.0195					/	336.551	*	365 / 4
=	156.72

Holitech Technology Co (SZSE:002217) Days Sales Outstanding Explanation

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

Holitech Technology Co Days Sales Outstanding Related Terms

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Holitech Technology Co (SZSE:002217) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Holitech Technology Co Ltd (SZSE:002217) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 36, Dongfeng Road, Wuyuan County, Shandong Province, Zibo, CHN, 256120

Website

http://www.lianhechem.com.cn

Holitech Technology Co Ltd Ltd is engaged in the manufacture and sale of non-organic chemical products and chemical fertilizers. It is also engaged in development of electronic touch products.

Holitech Technology Co (SZSE:002217) Headlines

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