Wuxi Double Elephant Micro Fibre Material Co (SZSE:002395) Days Sales Outstanding : 13.44 (As of Mar. 2024)

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What is Wuxi Double Elephant Micro Fibre Material Co Days Sales Outstanding?

Wuxi Double Elephant Micro Fibre Material Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥63 Mil. Wuxi Double Elephant Micro Fibre Material Co's Revenue for the three months ended in Mar. 2024 was ¥427 Mil. Hence, Wuxi Double Elephant Micro Fibre Material Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 13.44.

The historical rank and industry rank for Wuxi Double Elephant Micro Fibre Material Co's Days Sales Outstanding or its related term are showing as below:

SZSE:002395' s Days Sales Outstanding Range Over the Past 10 Years
Min: 10.71 Med: 22.66 Max: 49.49
Current: 15.27

During the past 13 years, Wuxi Double Elephant Micro Fibre Material Co's highest Days Sales Outstanding was 49.49. The lowest was 10.71. And the median was 22.66.

SZSE:002395's Days Sales Outstanding is ranked better than
92.24% of 1031 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.32 vs SZSE:002395: 15.27

Wuxi Double Elephant Micro Fibre Material Co's Days Sales Outstanding declined from Mar. 2023 (23.87) to Mar. 2024 (13.44).

Wuxi Double Elephant Micro Fibre Material Co Days Sales Outstanding Historical Data

The historical data trend for Wuxi Double Elephant Micro Fibre Material 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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Wuxi Double Elephant Micro Fibre Material Co Days Sales Outstanding Chart

Wuxi Double Elephant Micro Fibre Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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22.19

17.48

10.71

14.24

13.37

Wuxi Double Elephant Micro Fibre Material 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															23.87	16.87	14.97	12.83	13.44

Competitive Comparison of Wuxi Double Elephant Micro Fibre Material Co's Days Sales Outstanding

For the Footwear & Accessories subindustry, Wuxi Double Elephant Micro Fibre Material 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.

Wuxi Double Elephant Micro Fibre Material Co's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Wuxi Double Elephant Micro Fibre Material Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Wuxi Double Elephant Micro Fibre Material Co's Days Sales Outstanding falls into.

Wuxi Double Elephant Micro Fibre Material 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.

Wuxi Double Elephant Micro Fibre Material 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
=	( (71.992	+	38.675)	/	2 )	/	1510.746	*	365
=	55.3335					/	1510.746	*	365
=	13.37

Wuxi Double Elephant Micro Fibre Material 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
=	( (38.675	+	87.073)	/	2 )	/	426.748	*	365 / 4
=	62.874					/	426.748	*	365 / 4
=	13.44

Wuxi Double Elephant Micro Fibre Material Co (SZSE:002395) Days Sales Outstanding Explanation

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

Wuxi Double Elephant Micro Fibre Material Co Days Sales Outstanding Related Terms

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Wuxi Double Elephant Micro Fibre Material Co (SZSE:002395) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Wuxi Double Elephant Micro Fibre Material Co Ltd (SZSE:002395) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.188, Houzhai Middle Road, Hongshan Street, Xinwu District, Jiangsu Province, Wuxi, CHN

Website

http://www.sxcxgf.com

Wuxi Double Elephant Micro Fibre Material Co Ltd operates in the synthetic leather industry. The company is engaged in the production and supply of PVC artificial leather products. The products of the company include microfiber ultra-real leather, PVC artificial leather, and PU synthetic leather.

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