Yantai Zhenghai Magnetic Material Co (SZSE:300224) Days Sales Outstanding : 91.74 (As of Mar. 2024)

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What is Yantai Zhenghai Magnetic Material Co Days Sales Outstanding?

Yantai Zhenghai Magnetic Material Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,179 Mil. Yantai Zhenghai Magnetic Material Co's Revenue for the three months ended in Mar. 2024 was ¥1,173 Mil. Hence, Yantai Zhenghai Magnetic Material Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 91.74.

The historical rank and industry rank for Yantai Zhenghai Magnetic Material Co's Days Sales Outstanding or its related term are showing as below:

SZSE:300224' s Days Sales Outstanding Range Over the Past 10 Years
Min: 62.88 Med: 91.33 Max: 185.52
Current: 84

During the past 13 years, Yantai Zhenghai Magnetic Material Co's highest Days Sales Outstanding was 185.52. The lowest was 62.88. And the median was 91.33.

SZSE:300224's Days Sales Outstanding is ranked worse than
59.15% of 2458 companies
in the Hardware industry
Industry Median: 74.195 vs SZSE:300224: 84.00

Yantai Zhenghai Magnetic Material Co's Days Sales Outstanding declined from Mar. 2023 (92.37) to Mar. 2024 (91.74).

Yantai Zhenghai Magnetic Material Co Days Sales Outstanding Historical Data

The historical data trend for Yantai Zhenghai Magnetic 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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Yantai Zhenghai Magnetic Material Co Days Sales Outstanding Chart

Yantai Zhenghai Magnetic Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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117.05

97.94

65.94

63.46

83.88

Yantai Zhenghai Magnetic 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															92.37	72.32	89.13	93.40	91.74

Competitive Comparison of Yantai Zhenghai Magnetic Material Co's Days Sales Outstanding

For the Electronic Components subindustry, Yantai Zhenghai Magnetic 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.

Yantai Zhenghai Magnetic Material Co's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Yantai Zhenghai Magnetic Material Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Yantai Zhenghai Magnetic Material Co's Days Sales Outstanding falls into.

Yantai Zhenghai Magnetic 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.

Yantai Zhenghai Magnetic 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
=	( (1489.663	+	1209.866)	/	2 )	/	5873.748	*	365
=	1349.7645					/	5873.748	*	365
=	83.88

Yantai Zhenghai Magnetic 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
=	( (1209.866	+	1148.687)	/	2 )	/	1172.92	*	365 / 4
=	1179.2765					/	1172.92	*	365 / 4
=	91.74

Yantai Zhenghai Magnetic Material Co (SZSE:300224) Days Sales Outstanding Explanation

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

Yantai Zhenghai Magnetic Material Co Days Sales Outstanding Related Terms

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Yantai Zhenghai Magnetic Material Co (SZSE:300224) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Yantai Zhenghai Magnetic Material Co Ltd (SZSE:300224) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.22, Zhujiang Road, Yantai Economic and Technical Development Zone, Shandong, CHN, 264006

Website

http://www.zhmag.com

Yantai Zhenghai Magnetic Material Co Ltd is a China-based company engaged in the development, production, sale, and service of high-performance NdFeB permanent magnet materials. Its product is widely used in the fields of IT, automobile, petrochemical, mechanics, aerospace, mechanoelectronic and medical.

Executives

Song Kan	Directors, executives
Zhao Jun Tao	Directors, executives
Gao Bo	Executives
Peng Bu Zhuang	Executives
Wang Qing Kai	Director
Li Zhi Qiang	Directors, executives
Shi Bing Qiang	Executives
Wang Yu Lin	Executives
Wang Tao	Director
Sun Wei Nan	Securities Affairs Representative
Yu Zai Hai	Securities Affairs Representative
Mi Bo Hai	Director
Zhang Yi Ni	Director

Yantai Zhenghai Magnetic Material Co (SZSE:300224) Headlines

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