Jiangsu Tongguang Electronic Wire and Cable Co (SZSE:300265) Days Sales Outstanding : 219.66 (As of Mar. 2024)

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What is Jiangsu Tongguang Electronic Wire and Cable Co Days Sales Outstanding?

Jiangsu Tongguang Electronic Wire and Cable Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,096 Mil. Jiangsu Tongguang Electronic Wire and Cable Co's Revenue for the three months ended in Mar. 2024 was ¥455 Mil. Hence, Jiangsu Tongguang Electronic Wire and Cable Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 219.66.

The historical rank and industry rank for Jiangsu Tongguang Electronic Wire and Cable Co's Days Sales Outstanding or its related term are showing as below:

SZSE:300265' s Days Sales Outstanding Range Over the Past 10 Years
Min: 155.35 Med: 195.56 Max: 233.81
Current: 197.13

During the past 13 years, Jiangsu Tongguang Electronic Wire and Cable Co's highest Days Sales Outstanding was 233.81. The lowest was 155.35. And the median was 195.56.

SZSE:300265's Days Sales Outstanding is ranked worse than
91.49% of 2960 companies
in the Industrial Products industry
Industry Median: 79.615 vs SZSE:300265: 197.13

Jiangsu Tongguang Electronic Wire and Cable Co's Days Sales Outstanding increased from Mar. 2023 (164.06) to Mar. 2024 (219.66).

Jiangsu Tongguang Electronic Wire and Cable Co Days Sales Outstanding Historical Data

The historical data trend for Jiangsu Tongguang Electronic Wire and Cable 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 Tongguang Electronic Wire and Cable Co Days Sales Outstanding Chart

Jiangsu Tongguang Electronic Wire and Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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220.04

184.04

155.35

176.08

167.55

Jiangsu Tongguang Electronic Wire and Cable 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															164.06	186.19	202.99	192.75	219.66

Competitive Comparison of Jiangsu Tongguang Electronic Wire and Cable Co's Days Sales Outstanding

For the Electrical Equipment & Parts subindustry, Jiangsu Tongguang Electronic Wire and Cable 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 Tongguang Electronic Wire and Cable Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Tongguang Electronic Wire and Cable Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Jiangsu Tongguang Electronic Wire and Cable Co's Days Sales Outstanding falls into.

Jiangsu Tongguang Electronic Wire and Cable 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 Tongguang Electronic Wire and Cable 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
=	( (1066.243	+	1088.623)	/	2 )	/	2347.118	*	365
=	1077.433					/	2347.118	*	365
=	167.55

Jiangsu Tongguang Electronic Wire and Cable 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
=	( (1088.623	+	1103.831)	/	2 )	/	455.379	*	365 / 4
=	1096.227					/	455.379	*	365 / 4
=	219.66

Jiangsu Tongguang Electronic Wire and Cable Co (SZSE:300265) 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 Tongguang Electronic Wire and Cable Co Days Sales Outstanding Related Terms

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Jiangsu Tongguang Electronic Wire and Cable Co (SZSE:300265) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Tongguang Electronic Wire and Cable Co Ltd (SZSE:300265) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No.169, Bohai Road, Jiangsu, Haimen, CHN, 226103

Website

http://www.tgjt.cn

Jiangsu Tongguang Electronic Wire and Cable Co Ltd is engaged in the production and sales of semiconductor chips, optical active, passive components, and electrical wires. The products of the company include power cable series, energy saving series, electronic cable series, and aluminium clad steel wire series.

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