Meisheng Cultural and Creative (SZSE:002699) Days Sales Outstanding : 80.70 (As of Mar. 2024)

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What is Meisheng Cultural and Creative Days Sales Outstanding?

Meisheng Cultural and Creative's average Accounts Receivable for the three months ended in Mar. 2024 was ¥126.5 Mil. Meisheng Cultural and Creative's Revenue for the three months ended in Mar. 2024 was ¥143.0 Mil. Hence, Meisheng Cultural and Creative's Days Sales Outstanding for the three months ended in Mar. 2024 was 80.70.

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

SZSE:002699' s Days Sales Outstanding Range Over the Past 10 Years
Min: 37.32 Med: 68.06 Max: 108.62
Current: 61.25

During the past 13 years, Meisheng Cultural and Creative's highest Days Sales Outstanding was 108.62. The lowest was 37.32. And the median was 68.06.

SZSE:002699's Days Sales Outstanding is ranked worse than
50.6% of 496 companies
in the Conglomerates industry
Industry Median: 61.035 vs SZSE:002699: 61.25

Meisheng Cultural and Creative's Days Sales Outstanding declined from Mar. 2023 (92.05) to Mar. 2024 (80.70).

Meisheng Cultural and Creative Days Sales Outstanding Historical Data

The historical data trend for Meisheng Cultural and Creative'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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Meisheng Cultural and Creative Days Sales Outstanding Chart

Meisheng Cultural and Creative Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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80.62

108.62

82.89

61.31

63.24

Meisheng Cultural and Creative 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															92.05	76.94	47.14	79.42	80.70

Competitive Comparison of Meisheng Cultural and Creative's Days Sales Outstanding

For the Conglomerates subindustry, Meisheng Cultural and Creative'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.

Meisheng Cultural and Creative's Days Sales Outstanding Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Meisheng Cultural and Creative's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Meisheng Cultural and Creative's Days Sales Outstanding falls into.

Meisheng Cultural and Creative 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.

Meisheng Cultural and Creative'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
=	( (165.224	+	174.861)	/	2 )	/	981.436	*	365
=	170.0425					/	981.436	*	365
=	63.24

Meisheng Cultural and Creative'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
=	( (174.861	+	78.04)	/	2 )	/	142.985	*	365 / 4
=	126.4505					/	142.985	*	365 / 4
=	80.70

Meisheng Cultural and Creative (SZSE:002699) Days Sales Outstanding Explanation

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

Meisheng Cultural and Creative Days Sales Outstanding Related Terms

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Meisheng Cultural and Creative (SZSE:002699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Meisheng Cultural and Creative Corp Ltd (SZSE:002699) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Xinchang Provincial High-tech Park, Zhejiang Province, Shaoxing, CHN, 312500

Website

http://www.chinarising.com.cn

Meisheng Cultural and Creative Corp Ltd is a China-based company principally engaged in culture industry related businesses. The company's products mainly include Intellectual Property (IP) derivatives, traditional derivatives, animation, games, films and television and other cultural industry products.

Meisheng Cultural and Creative (SZSE:002699) Headlines

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