Doright Co (SZSE:300950) Days Sales Outstanding : 39.68 (As of Mar. 2024)

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What is Doright Co Days Sales Outstanding?

Doright Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥78.8 Mil. Doright Co's Revenue for the three months ended in Mar. 2024 was ¥181.2 Mil. Hence, Doright Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 39.68.

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

SZSE:300950' s Days Sales Outstanding Range Over the Past 10 Years
Min: 68.77 Med: 111.79 Max: 156.21
Current: 68.77

During the past 10 years, Doright Co's highest Days Sales Outstanding was 156.21. The lowest was 68.77. And the median was 111.79.

SZSE:300950's Days Sales Outstanding is ranked better than
61.65% of 2957 companies
in the Industrial Products industry
Industry Median: 79.63 vs SZSE:300950: 68.77

Doright Co's Days Sales Outstanding declined from Mar. 2023 (70.19) to Mar. 2024 (39.68).

Doright Co Days Sales Outstanding Historical Data

The historical data trend for Doright 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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Doright Co Days Sales Outstanding Chart

Doright Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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124.00

106.84

85.97

78.87

84.36

Doright 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															70.19	89.33	102.03	86.11	39.68

Competitive Comparison of Doright Co's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Doright 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.

Doright Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Doright Co's Days Sales Outstanding distribution charts can be found below:

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

Doright 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.

Doright 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
=	( (70.106	+	73.178)	/	2 )	/	309.987	*	365
=	71.642					/	309.987	*	365
=	84.36

Doright 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
=	( (73.178	+	84.41)	/	2 )	/	181.215	*	365 / 4
=	78.794					/	181.215	*	365 / 4
=	39.68

Doright Co (SZSE:300950) Days Sales Outstanding Explanation

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

Doright Co Days Sales Outstanding Related Terms

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Doright Co (SZSE:300950) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Doright Co Ltd (SZSE:300950) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

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Address

No. 668 Binzhou Road, Jiaozhou, Shandong, Qingdao, CHN, 266300

Website

http://www.doright.biz

Doright Co Ltd is a energy-saving environmental protection equipment manufacturer. It integrates design, research and development, manufacturing, inspection, sales, and service to provide clean combustion and energy-saving heat transfer solutions for global customers in the fields of chemical, energy, metallurgy, and sludge and waste incineration industries.

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