Shenzhen Tongye Technology Co (SZSE:300960) Days Sales Outstanding : 324.03 (As of Mar. 2024)

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What is Shenzhen Tongye Technology Co Days Sales Outstanding?

Shenzhen Tongye Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥210.0 Mil. Shenzhen Tongye Technology Co's Revenue for the three months ended in Mar. 2024 was ¥59.1 Mil. Hence, Shenzhen Tongye Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 324.03.

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

SZSE:300960' s Days Sales Outstanding Range Over the Past 10 Years
Min: 119.1 Med: 158.9 Max: 235.26
Current: 191.73

During the past 11 years, Shenzhen Tongye Technology Co's highest Days Sales Outstanding was 235.26. The lowest was 119.10. And the median was 158.90.

SZSE:300960's Days Sales Outstanding is ranked worse than
91.07% of 2957 companies
in the Industrial Products industry
Industry Median: 79.63 vs SZSE:300960: 191.73

Shenzhen Tongye Technology Co's Days Sales Outstanding declined from Mar. 2023 (421.04) to Mar. 2024 (324.03).

Shenzhen Tongye Technology Co Days Sales Outstanding Historical Data

The historical data trend for Shenzhen Tongye Technology 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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Shenzhen Tongye Technology Co Days Sales Outstanding Chart

Shenzhen Tongye Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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135.49

193.24

233.05

235.26

205.78

Shenzhen Tongye Technology 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															421.04	172.81	225.81	135.89	324.03

Competitive Comparison of Shenzhen Tongye Technology Co's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Shenzhen Tongye Technology 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.

Shenzhen Tongye Technology Co's Days Sales Outstanding Distribution in the Industrial Products Industry

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

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

Shenzhen Tongye Technology 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.

Shenzhen Tongye Technology 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
=	( (186.391	+	218.192)	/	2 )	/	358.813	*	365
=	202.2915					/	358.813	*	365
=	205.78

Shenzhen Tongye Technology 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
=	( (218.192	+	201.843)	/	2 )	/	59.143	*	365 / 4
=	210.0175					/	59.143	*	365 / 4
=	324.03

Shenzhen Tongye Technology Co (SZSE:300960) Days Sales Outstanding Explanation

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

Shenzhen Tongye Technology Co Days Sales Outstanding Related Terms

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Shenzhen Tongye Technology Co (SZSE:300960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Tongye Technology Co Ltd (SZSE:300960) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

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Address

Guanguang Road, Guanlan Street, 1st to 4th Floor, No. 3 Factory, Meitai Industrial, Guihua Community, Longhua New District, Guangdong Province, Shenzhen, CHN, 518110

Website

http://www.sz-tongye.com.cn

Shenzhen Tongye Technology Co Ltd is engaged in the development and production of rail transit train power supply products, network control products, energy management systems, motors and fans. The products are widely used in high-speed rail, urban rail vehicles, locomotives, and new energy products at home and abroad.

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