Jiangsu Zhongsheng Gaoke Environmental Co (SZSE:002778) Days Sales Outstanding : 472.45 (As of Mar. 2024)

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What is Jiangsu Zhongsheng Gaoke Environmental Co Days Sales Outstanding?

Jiangsu Zhongsheng Gaoke Environmental Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥568.4 Mil. Jiangsu Zhongsheng Gaoke Environmental Co's Revenue for the three months ended in Mar. 2024 was ¥109.8 Mil. Hence, Jiangsu Zhongsheng Gaoke Environmental Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 472.45.

The historical rank and industry rank for Jiangsu Zhongsheng Gaoke Environmental Co's Days Sales Outstanding or its related term are showing as below:

SZSE:002778' s Days Sales Outstanding Range Over the Past 10 Years
Min: 43.91 Med: 81.57 Max: 377.8
Current: 377.8

During the past 13 years, Jiangsu Zhongsheng Gaoke Environmental Co's highest Days Sales Outstanding was 377.80. The lowest was 43.91. And the median was 81.57.

SZSE:002778's Days Sales Outstanding is ranked worse than
95.4% of 935 companies
in the Oil & Gas industry
Industry Median: 49.11 vs SZSE:002778: 377.80

Jiangsu Zhongsheng Gaoke Environmental Co's Days Sales Outstanding increased from Mar. 2023 (344.62) to Mar. 2024 (472.45).

Warning Sign:

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

Jiangsu Zhongsheng Gaoke Environmental Co Days Sales Outstanding Historical Data

The historical data trend for Jiangsu Zhongsheng Gaoke Environmental 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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Jiangsu Zhongsheng Gaoke Environmental Co Days Sales Outstanding Chart

Jiangsu Zhongsheng Gaoke Environmental Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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74.12

119.83

204.28

319.05

359.15

Jiangsu Zhongsheng Gaoke Environmental 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															344.62	288.03	322.45	561.83	472.45

Competitive Comparison of Jiangsu Zhongsheng Gaoke Environmental Co's Days Sales Outstanding

For the Oil & Gas Refining & Marketing subindustry, Jiangsu Zhongsheng Gaoke Environmental 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.

Jiangsu Zhongsheng Gaoke Environmental Co's Days Sales Outstanding Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Jiangsu Zhongsheng Gaoke Environmental Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Jiangsu Zhongsheng Gaoke Environmental Co's Days Sales Outstanding falls into.

Jiangsu Zhongsheng Gaoke Environmental 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.

Jiangsu Zhongsheng Gaoke Environmental 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
=	( (619.969	+	594.324)	/	2 )	/	617.03	*	365
=	607.1465					/	617.03	*	365
=	359.15

Jiangsu Zhongsheng Gaoke Environmental 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
=	( (594.324	+	542.499)	/	2 )	/	109.785	*	365 / 4
=	568.4115					/	109.785	*	365 / 4
=	472.45

Jiangsu Zhongsheng Gaoke Environmental Co (SZSE:002778) Days Sales Outstanding Explanation

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

Jiangsu Zhongsheng Gaoke Environmental Co Days Sales Outstanding Related Terms

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Jiangsu Zhongsheng Gaoke Environmental Co (SZSE:002778) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jiangsu Zhongsheng Gaoke Environmental Co Ltd (SZSE:002778) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Whale Industrial Concentration Zone, Xushe Town, Jiangsu Province, Yixing, CHN, 214244

Website

http://www.jsgaoke.com

Jiangsu Zhongsheng Gaoke Environmental Co Ltd formerly Jiangsu Gaoke Petrochemical Co Ltd is engaged in research and development, production and sales of lubricants and fats. It produces industrial lubricants, automotive lubricants, special oils, greases and other lubricant products. It's products used in electric power equipment, engineering machinery, industrial machinery equipment, metallurgy, and transportation.

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