Shengtak New Material Co (SZSE:300881) Days Sales Outstanding : 105.43 (As of Mar. 2024)

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What is Shengtak New Material Co Days Sales Outstanding?

Shengtak New Material Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥686 Mil. Shengtak New Material Co's Revenue for the three months ended in Mar. 2024 was ¥594 Mil. Hence, Shengtak New Material Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 105.43.

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

SZSE:300881' s Days Sales Outstanding Range Over the Past 10 Years
Min: 76.67 Med: 101.24 Max: 131.69
Current: 81.18

During the past 13 years, Shengtak New Material Co's highest Days Sales Outstanding was 131.69. The lowest was 76.67. And the median was 101.24.

SZSE:300881's Days Sales Outstanding is ranked worse than
79.7% of 596 companies
in the Steel industry
Industry Median: 49.815 vs SZSE:300881: 81.18

Shengtak New Material Co's Days Sales Outstanding increased from Mar. 2023 (76.56) to Mar. 2024 (105.43).

Shengtak New Material Co Days Sales Outstanding Historical Data

The historical data trend for Shengtak New 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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Shengtak New Material Co Days Sales Outstanding Chart

Shengtak New Material Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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106.08

115.22

93.87

77.77

76.67

Shengtak New 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															76.56	72.00	75.11	68.59	105.43

Competitive Comparison of Shengtak New Material Co's Days Sales Outstanding

For the Steel subindustry, Shengtak New 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.

Shengtak New Material Co's Days Sales Outstanding Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Shengtak New Material Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shengtak New Material Co's Days Sales Outstanding falls into.

Shengtak New 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.

Shengtak New 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
=	( (216.493	+	615.667)	/	2 )	/	1980.898	*	365
=	416.08					/	1980.898	*	365
=	76.67

Shengtak New 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
=	( (615.667	+	756.596)	/	2 )	/	593.856	*	365 / 4
=	686.1315					/	593.856	*	365 / 4
=	105.43

Shengtak New Material Co (SZSE:300881) Days Sales Outstanding Explanation

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

Shengtak New Material Co Days Sales Outstanding Related Terms

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Shengtak New Material Co (SZSE:300881) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shengtak New Material Co Ltd (SZSE:300881) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

west of the industrial park district towns, Jiangsu Province, Changzhou, CHN, 213144

Website

http://www.shengdechina.com

Shengtak New Material Co Ltd is a manufacturer of high-end seamless tubes of carbon steel, alloy steel & stainless steel. The company manufactures rifled seamless alloy steel tubes and seamless stainless steel tubes for high-pressure boilers, petroleum cracking & fertilizer equipment, and automotive industries in China.

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