Chengdu Xingrong Environment Co (SZSE:000598) Days Sales Outstanding : 140.98 (As of Mar. 2024)

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What is Chengdu Xingrong Environment Co Days Sales Outstanding?

Chengdu Xingrong Environment Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥2,852 Mil. Chengdu Xingrong Environment Co's Revenue for the three months ended in Mar. 2024 was ¥1,846 Mil. Hence, Chengdu Xingrong Environment Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 140.98.

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

SZSE:000598' s Days Sales Outstanding Range Over the Past 10 Years
Min: 54.72 Med: 70.06 Max: 117.22
Current: 117.22

During the past 13 years, Chengdu Xingrong Environment Co's highest Days Sales Outstanding was 117.22. The lowest was 54.72. And the median was 70.06.

SZSE:000598's Days Sales Outstanding is ranked worse than
83.4% of 506 companies
in the Utilities - Regulated industry
Industry Median: 53.9 vs SZSE:000598: 117.22

Chengdu Xingrong Environment Co's Days Sales Outstanding increased from Mar. 2023 (132.60) to Mar. 2024 (140.98).

Chengdu Xingrong Environment Co Days Sales Outstanding Historical Data

The historical data trend for Chengdu Xingrong Environment 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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Chengdu Xingrong Environment Co Days Sales Outstanding Chart

Chengdu Xingrong Environment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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72.01

80.65

82.78

93.62

109.01

Chengdu Xingrong Environment 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															132.60	119.11	108.13	103.77	140.98

Competitive Comparison of Chengdu Xingrong Environment Co's Days Sales Outstanding

For the Utilities - Regulated Water subindustry, Chengdu Xingrong Environment 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.

Chengdu Xingrong Environment Co's Days Sales Outstanding Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Chengdu Xingrong Environment Co's Days Sales Outstanding distribution charts can be found below:

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

Chengdu Xingrong Environment 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.

Chengdu Xingrong Environment 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
=	( (2131.427	+	2698.736)	/	2 )	/	8086.536	*	365
=	2415.0815					/	8086.536	*	365
=	109.01

Chengdu Xingrong Environment 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
=	( (2698.736	+	3004.903)	/	2 )	/	1845.886	*	365 / 4
=	2851.8195					/	1845.886	*	365 / 4
=	140.98

Chengdu Xingrong Environment Co (SZSE:000598) Days Sales Outstanding Explanation

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

Chengdu Xingrong Environment Co Days Sales Outstanding Related Terms

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Chengdu Xingrong Environment Co (SZSE:000598) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Chengdu Xingrong Environment Co Ltd (SZSE:000598) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

1000 Jincheng Avenue, High-tech Zone, Qingyang District, Chengdu, CHN, 610041

Website

http://www.cdxrec.com

Chengdu Xingrong Environment Co Ltd is a large-scale water and environmental protection integrated service provider in China. It is mainly engaged in the production and supply of tap water, sewage treatment, utilization of recycled water, sludge disposal, landfill leachate treatment, and waste incineration power generation. The company integrates investment, research, and development, design, construction and operation, and has a complete industrial chain.

Executives

Li Ben Wen	Director
Li Yong Gang	Supervisors
Ceng Chao Ju	Securities Affairs Representative
Ge Fang Ming	Executives

Chengdu Xingrong Environment Co (SZSE:000598) Headlines

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