Zhejiang Huatong Meat Products Co (SZSE:002840) Days Sales Outstanding : 2.76 (As of Mar. 2024)

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What is Zhejiang Huatong Meat Products Co Days Sales Outstanding?

Zhejiang Huatong Meat Products Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥60 Mil. Zhejiang Huatong Meat Products Co's Revenue for the three months ended in Mar. 2024 was ¥1,996 Mil. Hence, Zhejiang Huatong Meat Products Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 2.76.

The historical rank and industry rank for Zhejiang Huatong Meat Products Co's Days Sales Outstanding or its related term are showing as below:

SZSE:002840' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.79 Med: 1.45 Max: 6.53
Current: 2.5

During the past 13 years, Zhejiang Huatong Meat Products Co's highest Days Sales Outstanding was 6.53. The lowest was 0.79. And the median was 1.45.

SZSE:002840's Days Sales Outstanding is ranked better than
98.1% of 1838 companies
in the Consumer Packaged Goods industry
Industry Median: 39.145 vs SZSE:002840: 2.50

Zhejiang Huatong Meat Products Co's Days Sales Outstanding increased from Mar. 2023 (2.34) to Mar. 2024 (2.76).

Zhejiang Huatong Meat Products Co Days Sales Outstanding Historical Data

The historical data trend for Zhejiang Huatong Meat Products 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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Zhejiang Huatong Meat Products Co Days Sales Outstanding Chart

Zhejiang Huatong Meat Products Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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0.79

1.00

1.22

1.40

1.79

Zhejiang Huatong Meat Products 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															2.34	2.32	2.62	1.95	2.76

Competitive Comparison of Zhejiang Huatong Meat Products Co's Days Sales Outstanding

For the Packaged Foods subindustry, Zhejiang Huatong Meat Products 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.

Zhejiang Huatong Meat Products Co's Days Sales Outstanding Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Zhejiang Huatong Meat Products Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Zhejiang Huatong Meat Products Co's Days Sales Outstanding falls into.

Zhejiang Huatong Meat Products 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.

Zhejiang Huatong Meat Products 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
=	( (46.02	+	38.208)	/	2 )	/	8578.492	*	365
=	42.114					/	8578.492	*	365
=	1.79

Zhejiang Huatong Meat Products 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
=	( (38.208	+	82.473)	/	2 )	/	1996.427	*	365 / 4
=	60.3405					/	1996.427	*	365 / 4
=	2.76

Zhejiang Huatong Meat Products Co (SZSE:002840) Days Sales Outstanding Explanation

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

Zhejiang Huatong Meat Products Co Days Sales Outstanding Related Terms

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Zhejiang Huatong Meat Products Co (SZSE:002840) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zhejiang Huatong Meat Products Co Ltd (SZSE:002840) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

YitangGutang Industrial Zone, Zhejiang Province, Yiwu, CHN, 322005

Website

http://www.huatongmeat.com

Zhejiang Huatong Meat Products Co Ltd is a meat producing company. It is engaged in the businesses of feed processing, livestock and poultry breeding, poultry slaughter and processing of meat products. The products of the company include feed, fresh pork, raw poultry, Jinhua ham, sauce and halogen products.

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