Ningxia Baofeng Energy Group Co (SHSE:600989) Days Sales Outstanding : 0.22 (As of Mar. 2024)

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What is Ningxia Baofeng Energy Group Co Days Sales Outstanding?

Ningxia Baofeng Energy Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥19 Mil. Ningxia Baofeng Energy Group Co's Revenue for the three months ended in Mar. 2024 was ¥8,227 Mil. Hence, Ningxia Baofeng Energy Group Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 0.22.

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

SHSE:600989' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.4 Med: 0.66 Max: 1.3
Current: 0.52

During the past 13 years, Ningxia Baofeng Energy Group Co's highest Days Sales Outstanding was 1.30. The lowest was 0.40. And the median was 0.66.

SHSE:600989's Days Sales Outstanding is ranked better than
99.8% of 1526 companies
in the Chemicals industry
Industry Median: 64.1 vs SHSE:600989: 0.52

Ningxia Baofeng Energy Group Co's Days Sales Outstanding declined from Mar. 2023 (0.87) to Mar. 2024 (0.22).

Ningxia Baofeng Energy Group Co Days Sales Outstanding Historical Data

The historical data trend for Ningxia Baofeng Energy 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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Ningxia Baofeng Energy Group Co Days Sales Outstanding Chart

Ningxia Baofeng Energy Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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0.40

0.41

0.46

0.70

0.61

Ningxia Baofeng Energy 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															0.87	0.66	0.77	0.60	0.22

Competitive Comparison of Ningxia Baofeng Energy Group Co's Days Sales Outstanding

For the Chemicals subindustry, Ningxia Baofeng Energy 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.

Ningxia Baofeng Energy Group Co's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ningxia Baofeng Energy Group Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Ningxia Baofeng Energy Group Co's Days Sales Outstanding falls into.

Ningxia Baofeng Energy 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.

Ningxia Baofeng Energy 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
=	( (70.869	+	26.384)	/	2 )	/	29135.511	*	365
=	48.6265					/	29135.511	*	365
=	0.61

Ningxia Baofeng Energy 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
=	( (26.384	+	12.451)	/	2 )	/	8226.862	*	365 / 4
=	19.4175					/	8226.862	*	365 / 4
=	0.22

Ningxia Baofeng Energy Group Co (SHSE:600989) Days Sales Outstanding Explanation

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

Ningxia Baofeng Energy Group Co Days Sales Outstanding Related Terms

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Ningxia Baofeng Energy Group Co (SHSE:600989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ningxia Baofeng Energy Group Co Ltd (SHSE:600989) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Baofeng Circular Economy Industrial Park, Ningdong Energy and Chemical Industry Base, Ningxia Hui Autonomous Region, Yinchuan, CHN, 750411

Website

http://www.baofengenergy.com

Ningxia Baofeng Energy Group Co Ltd is engaged in the manufacturing of chemicals and raw chemical materials. Its product includes Polythylene, Coke, MTBE, Pure Benzene, and Modified Asphalt.

Executives

Li Zhi Bin	senior management
Liu Shi Cheng	senior management
Yong Wu	Director
Wang Min	senior management
Liu Huai Bao	Supervisors
Lu Jun	Director
Liu Yuan Guan	Director
Xia Yun	Supervisors
He Xu	Supervisors
Gao Jian Jun	Director
Ji Yong Feng	senior management
Zheng Cun Xiao	senior management
Lin Wei Guo	Director
Chen Zhao Yuan	senior management

Ningxia Baofeng Energy Group Co (SHSE:600989) Headlines

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