Hubei Xiangyuan New Material Technology Co (SZSE:300980) Days Sales Outstanding : 85.63 (As of Mar. 2024)

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What is Hubei Xiangyuan New Material Technology Co Days Sales Outstanding?

Hubei Xiangyuan New Material Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥87.6 Mil. Hubei Xiangyuan New Material Technology Co's Revenue for the three months ended in Mar. 2024 was ¥93.4 Mil. Hence, Hubei Xiangyuan New Material Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 85.63.

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

SZSE:300980' s Days Sales Outstanding Range Over the Past 10 Years
Min: 48.04 Med: 70.52 Max: 90.16
Current: 75.15

During the past 9 years, Hubei Xiangyuan New Material Technology Co's highest Days Sales Outstanding was 90.16. The lowest was 48.04. And the median was 70.52.

SZSE:300980's Days Sales Outstanding is ranked worse than
62.31% of 1523 companies
in the Chemicals industry
Industry Median: 63.99 vs SZSE:300980: 75.15

Hubei Xiangyuan New Material Technology Co's Days Sales Outstanding declined from Mar. 2023 (97.57) to Mar. 2024 (85.63).

Hubei Xiangyuan New Material Technology Co Days Sales Outstanding Historical Data

The historical data trend for Hubei Xiangyuan New Material 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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Hubei Xiangyuan New Material Technology Co Days Sales Outstanding Chart

Hubei Xiangyuan New Material Technology Co Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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60.67

70.52

71.74

90.16

80.76

Hubei Xiangyuan New Material Technology Co Quarterly Data
	Dec18	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															97.57	70.36	83.12	72.47	85.63

Competitive Comparison of Hubei Xiangyuan New Material Technology Co's Days Sales Outstanding

For the Specialty Chemicals subindustry, Hubei Xiangyuan New Material 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.

Hubei Xiangyuan New Material Technology Co's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hubei Xiangyuan New Material Technology Co's Days Sales Outstanding distribution charts can be found below:

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

Hubei Xiangyuan New Material 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.

Hubei Xiangyuan New Material 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
=	( (74.151	+	95.638)	/	2 )	/	383.683	*	365
=	84.8945					/	383.683	*	365
=	80.76

Hubei Xiangyuan New Material 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
=	( (95.638	+	79.608)	/	2 )	/	93.371	*	365 / 4
=	87.623					/	93.371	*	365 / 4
=	85.63

Hubei Xiangyuan New Material Technology Co (SZSE:300980) Days Sales Outstanding Explanation

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

Hubei Xiangyuan New Material Technology Co Days Sales Outstanding Related Terms

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Hubei Xiangyuan New Material Technology Co (SZSE:300980) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hubei Xiangyuan New Material Technology Co Ltd (SZSE:300980) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Huayi Village, Economic Development Zone, Hubei Province, Hanchuan, CHN, 431600

Website

http://www.hbxyxc.com

Hubei Xiangyuan New Material Technology Co Ltd is engaged in the research and development, production and sales of polyolefin foam materials. It specializes in the production and sales of environmentally friendly cross-linked polyolefin foam and Polyurethane foam, the products sell well all over China and exported to five continents in the world.

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