Lizhong Sitong Light Alloys Group Co (SZSE:300428) Days Sales Outstanding : 63.09 (As of Mar. 2024)

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What is Lizhong Sitong Light Alloys Group Co Days Sales Outstanding?

Lizhong Sitong Light Alloys Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥4,125 Mil. Lizhong Sitong Light Alloys Group Co's Revenue for the three months ended in Mar. 2024 was ¥5,967 Mil. Hence, Lizhong Sitong Light Alloys Group Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 63.09.

The historical rank and industry rank for Lizhong Sitong Light Alloys Group Co's Days Sales Outstanding or its related term are showing as below:

SZSE:300428' s Days Sales Outstanding Range Over the Past 10 Years
Min: 39.17 Med: 57.12 Max: 68.17
Current: 61.52

During the past 13 years, Lizhong Sitong Light Alloys Group Co's highest Days Sales Outstanding was 68.17. The lowest was 39.17. And the median was 57.12.

SZSE:300428's Days Sales Outstanding is ranked worse than
61.75% of 787 companies
in the Metals & Mining industry
Industry Median: 42.77 vs SZSE:300428: 61.52

Lizhong Sitong Light Alloys Group Co's Days Sales Outstanding declined from Mar. 2023 (64.74) to Mar. 2024 (63.09).

Lizhong Sitong Light Alloys Group Co Days Sales Outstanding Historical Data

The historical data trend for Lizhong Sitong Light Alloys Group 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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Lizhong Sitong Light Alloys Group Co Days Sales Outstanding Chart

Lizhong Sitong Light Alloys Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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45.57

68.17

58.87

58.70

59.03

Lizhong Sitong Light Alloys Group 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															64.74	62.84	61.47	60.30	63.09

Competitive Comparison of Lizhong Sitong Light Alloys Group Co's Days Sales Outstanding

For the Aluminum subindustry, Lizhong Sitong Light Alloys Group 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.

Lizhong Sitong Light Alloys Group Co's Days Sales Outstanding Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lizhong Sitong Light Alloys Group Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Lizhong Sitong Light Alloys Group Co's Days Sales Outstanding falls into.

Lizhong Sitong Light Alloys Group 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.

Lizhong Sitong Light Alloys Group 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
=	( (3524.55	+	4032.412)	/	2 )	/	23364.865	*	365
=	3778.481					/	23364.865	*	365
=	59.03

Lizhong Sitong Light Alloys Group 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
=	( (4032.412	+	4217.924)	/	2 )	/	5966.821	*	365 / 4
=	4125.168					/	5966.821	*	365 / 4
=	63.09

Lizhong Sitong Light Alloys Group Co (SZSE:300428) Days Sales Outstanding Explanation

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

Lizhong Sitong Light Alloys Group Co Days Sales Outstanding Related Terms

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Lizhong Sitong Light Alloys Group Co (SZSE:300428) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lizhong Sitong Light Alloys Group Co Ltd (SZSE:300428) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 359, West Development Road, Qingyuan District, Baoding, CHN, 071100

Website

http://www.stnm.com.cn

Lizhong Sitong Light Alloys Group Co Ltd formerly Hebei Sitong New Metal Material Co Ltd is specialized in Research and Development, manufacturing and sales of functional intermediate alloys such as metal grain refinement, metallographic deterioration, element addition and metal purification. Its products include Aluminum base alloy, Magnesium based master alloy, Zinc-based intermediate alloy and Copper base alloy. Its main objective is to research and manufacture aluminum-based steel and aluminum-based copper materials, to promote the light weight of automobiles, rail transit, aerospace materials and the performance of electrical and electronic products.

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