Truking Technology (SZSE:300358) Days Sales Outstanding : 96.83 (As of Mar. 2024)

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What is Truking Technology Days Sales Outstanding?

Truking Technology's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,477 Mil. Truking Technology's Revenue for the three months ended in Mar. 2024 was ¥1,392 Mil. Hence, Truking Technology's Days Sales Outstanding for the three months ended in Mar. 2024 was 96.83.

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

SZSE:300358' s Days Sales Outstanding Range Over the Past 10 Years
Min: 46.97 Med: 86.88 Max: 221.83
Current: 69.24

During the past 13 years, Truking Technology's highest Days Sales Outstanding was 221.83. The lowest was 46.97. And the median was 86.88.

SZSE:300358's Days Sales Outstanding is ranked worse than
55.67% of 812 companies
in the Medical Devices & Instruments industry
Industry Median: 65.015 vs SZSE:300358: 69.24

Truking Technology's Days Sales Outstanding increased from Mar. 2023 (56.63) to Mar. 2024 (96.83).

Truking Technology Days Sales Outstanding Historical Data

The historical data trend for Truking Technology'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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Truking Technology Days Sales Outstanding Chart

Truking Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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88.49

80.56

51.38

46.97

64.37

Truking Technology 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															56.63	52.69	61.92	73.79	96.83

Competitive Comparison of Truking Technology's Days Sales Outstanding

For the Medical Instruments & Supplies subindustry, Truking Technology'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.

Truking Technology's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Truking Technology's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Truking Technology's Days Sales Outstanding falls into.

Truking Technology 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.

Truking Technology'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
=	( (947.208	+	1470.068)	/	2 )	/	6853.36	*	365
=	1208.638					/	6853.36	*	365
=	64.37

Truking Technology'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
=	( (1470.068	+	1484.168)	/	2 )	/	1392.03	*	365 / 4
=	1477.118					/	1392.03	*	365 / 4
=	96.83

Truking Technology (SZSE:300358) Days Sales Outstanding Explanation

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

Truking Technology Days Sales Outstanding Related Terms

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Truking Technology (SZSE:300358) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Truking Technology Ltd (SZSE:300358) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 1 Xinkang Road, Ningxiang, Yutan Town, Hunan Province, Changsha, CHN, 410600

Website

http://www.truking.com

Truking Technology Ltd operates in the pharmaceutical and medical equipment industry. It develops, designs, manufactures, sells and provides services for aqueous pharmaceutical equipment. The company offers solutions for Fluid Processing System, Ampoule Injectable Products Production, Vial Injectable Products Production, Plastic Bottle Blow-Fill-Seal Production, Cartridge Production, and others. It sells its products in China, and also exports it to the other countries.

Executives

Ceng Fan Yun	Directors, executives
Yang Wen Lu	Director
Tang Yue	Director
Zhou Fei Yue	Directors, Directors, and Executives
Zheng Qi Ping	Executives
Ceng He Qing	Executives
Qiu Yong Mou	Supervisors
Li Gang	Executives
Zhou Jing Ying	Executives
Liu Gui Lin	Supervisors

Truking Technology (SZSE:300358) Headlines

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