Suzhou Shihua New Material Technology Co (SHSE:688093) Days Sales Outstanding : 92.50 (As of Jun. 2024)

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What is Suzhou Shihua New Material Technology Co Days Sales Outstanding?

Suzhou Shihua New Material Technology Co's average Accounts Receivable for the three months ended in Jun. 2024 was ¥178.0 Mil. Suzhou Shihua New Material Technology Co's Revenue for the three months ended in Jun. 2024 was ¥175.6 Mil. Hence, Suzhou Shihua New Material Technology Co's Days Sales Outstanding for the three months ended in Jun. 2024 was 92.50.

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

SHSE:688093' s Days Sales Outstanding Range Over the Past 10 Years
Min: 111.54 Med: 127.62 Max: 135.47
Current: 111.54

During the past 7 years, Suzhou Shihua New Material Technology Co's highest Days Sales Outstanding was 135.47. The lowest was 111.54. And the median was 127.62.

SHSE:688093's Days Sales Outstanding is ranked worse than
86.43% of 1525 companies
in the Chemicals industry
Industry Median: 64.79 vs SHSE:688093: 111.54

Suzhou Shihua New Material Technology Co's Days Sales Outstanding declined from Jun. 2023 (99.05) to Jun. 2024 (92.50).

Suzhou Shihua New Material Technology Co Days Sales Outstanding Historical Data

The historical data trend for Suzhou Shihua 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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Suzhou Shihua New Material Technology Co Days Sales Outstanding Chart

Suzhou Shihua New Material Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

120.65

127.62

135.47

130.56

122.31

Suzhou Shihua New Material Technology Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Sales Outstanding	Get a 7-Day Free Trial															99.05	100.34	153.95	118.75	92.50

Competitive Comparison of Suzhou Shihua New Material Technology Co's Days Sales Outstanding

For the Specialty Chemicals subindustry, Suzhou Shihua 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.

Suzhou Shihua New Material Technology Co's Days Sales Outstanding Distribution in the Chemicals Industry

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

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

Suzhou Shihua 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.

Suzhou Shihua 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
=	( (160.944	+	181.869)	/	2 )	/	511.5	*	365
=	171.4065					/	511.5	*	365
=	122.31

Suzhou Shihua New Material Technology Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding (Q: Jun. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2024 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )	/	Revenue (A: Jun. 2024 )	*	Days in Period
=	( (164.628	+	191.342)	/	2 )	/	175.579	*	365 / 4
=	177.985					/	175.579	*	365 / 4
=	92.50

Suzhou Shihua New Material Technology Co (SHSE:688093) Days Sales Outstanding Explanation

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

Suzhou Shihua New Material Technology Co Days Sales Outstanding Related Terms

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Suzhou Shihua New Material Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Suzhou Shihua New Material Technology Co Ltd (SHSE:688093) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 168, Daguang Road, Wujiang Economic and Technological Development Zone, Jiangsu Province, Suzhou, CHN, 215200

Website

http://www.szshihua.com.cn

Suzhou Shihua New Material Technology Co Ltd is engaged in design, development, and manufacturing of functional materials. The copany's products are categorized under Precision Process Material, Multiple Function Material, and Display Module Material. Its products are widely used in consumer electronics, smart wearable devices, new energy vehicles, medical electronics, and other fields, providing customers with a complete application solution.

Executives

Gao Jun

senior management

Suzhou Shihua New Material Technology Co Headlines

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