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Qingdao Huicheng Environmental Technology Group Co (SZSE:300779) Days Sales Outstanding : 93.77 (As of Sep. 2024)


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What is Qingdao Huicheng Environmental Technology Group Co Days Sales Outstanding?

Qingdao Huicheng Environmental Technology Group Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥275 Mil. Qingdao Huicheng Environmental Technology Group Co's Revenue for the three months ended in Sep. 2024 was ¥268 Mil. Hence, Qingdao Huicheng Environmental Technology Group Co's Days Sales Outstanding for the three months ended in Sep. 2024 was 93.77.

The historical rank and industry rank for Qingdao Huicheng Environmental Technology Group Co's Days Sales Outstanding or its related term are showing as below:

SZSE:300779' s Days Sales Outstanding Range Over the Past 10 Years
Min: 62.5   Med: 116.62   Max: 150.44
Current: 78.75

During the past 10 years, Qingdao Huicheng Environmental Technology Group Co's highest Days Sales Outstanding was 150.44. The lowest was 62.50. And the median was 116.62.

SZSE:300779's Days Sales Outstanding is ranked worse than
53.75% of 240 companies
in the Waste Management industry
Industry Median: 73.895 vs SZSE:300779: 78.75

Qingdao Huicheng Environmental Technology Group Co's Days Sales Outstanding increased from Sep. 2023 (85.13) to Sep. 2024 (93.77).


Qingdao Huicheng Environmental Technology Group Co Days Sales Outstanding Historical Data

The historical data trend for Qingdao Huicheng Environmental Technology 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.

* Premium members only.

Qingdao Huicheng Environmental Technology Group Co Days Sales Outstanding Chart

Qingdao Huicheng Environmental Technology Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 118.27 97.86 114.97 136.43 62.50

Qingdao Huicheng Environmental Technology Group Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 85.13 73.01 65.15 79.71 93.77

Competitive Comparison of Qingdao Huicheng Environmental Technology Group Co's Days Sales Outstanding

For the Waste Management subindustry, Qingdao Huicheng Environmental Technology 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.


Qingdao Huicheng Environmental Technology Group Co's Days Sales Outstanding Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Qingdao Huicheng Environmental Technology Group Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Qingdao Huicheng Environmental Technology Group Co's Days Sales Outstanding falls into.



Qingdao Huicheng Environmental Technology 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.

Qingdao Huicheng Environmental Technology 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
=( (170.946 + 195.718) / 2 ) / 1070.655*365
=183.332 / 1070.655*365
=62.50

Qingdao Huicheng Environmental Technology Group Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding (Q: Sep. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Jun. 2024 ) + Accounts Receivable (A: Sep. 2024 )) / count ) / Revenue (A: Sep. 2024 )*Days in Period
=( (288.079 + 262.451) / 2 ) / 267.88*365 / 4
=275.265 / 267.88*365 / 4
=93.77

* 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.


Qingdao Huicheng Environmental Technology Group Co  (SZSE:300779) Days Sales Outstanding Explanation

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


Qingdao Huicheng Environmental Technology Group Co Days Sales Outstanding Related Terms

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Qingdao Huicheng Environmental Technology Group Co Business Description

Traded in Other Exchanges
N/A
Address
No. 57, Huaihe East Road, Economic and Technological Development Zone, Shandong Province, Qingdao, CHN, 266000
Qingdao Huicheng Environmental Technology Group Co Ltd is a China based company engaged in providing waste catalyst treatment and disposal services for refining enterprises, research and development, production and sales of waste catalyst resources for comprehensive utilization of products.
Executives
Xu Gui Shan Executives
Li Zheng Executives
Ru Fan Securities Affairs Representative

Qingdao Huicheng Environmental Technology Group Co Headlines

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