Readboy Education Holding Co (HKSE:02385) Days Sales Outstanding : 18.05 (As of Dec. 2023)

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What is Readboy Education Holding Co Days Sales Outstanding?

Readboy Education Holding Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$25.3 Mil. Readboy Education Holding Co's Revenue for the six months ended in Dec. 2023 was HK$255.3 Mil. Hence, Readboy Education Holding Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 18.05.

The historical rank and industry rank for Readboy Education Holding Co's Days Sales Outstanding or its related term are showing as below:

HKSE:02385' s Days Sales Outstanding Range Over the Past 10 Years
Min: 9.24 Med: 15.79 Max: 25.43
Current: 25.43

During the past 5 years, Readboy Education Holding Co's highest Days Sales Outstanding was 25.43. The lowest was 9.24. And the median was 15.79.

HKSE:02385's Days Sales Outstanding is ranked better than
52.42% of 248 companies
in the Education industry
Industry Median: 29.4 vs HKSE:02385: 25.43

Readboy Education Holding Co's Days Sales Outstanding declined from Dec. 2022 (21.21) to Dec. 2023 (18.05).

Readboy Education Holding Co Days Sales Outstanding Historical Data

The historical data trend for Readboy Education Holding 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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Readboy Education Holding Co Days Sales Outstanding Chart

Readboy Education Holding Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

9.24

9.82

15.79

24.27

22.37

Readboy Education Holding Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial			18.95	34.83	21.21	43.46	18.05

Competitive Comparison of Readboy Education Holding Co's Days Sales Outstanding

For the Education & Training Services subindustry, Readboy Education Holding 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.

Readboy Education Holding Co's Days Sales Outstanding Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Readboy Education Holding Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Readboy Education Holding Co's Days Sales Outstanding falls into.

Readboy Education Holding 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.

Readboy Education Holding 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
=	( (31.637	+	16.54)	/	2 )	/	393.074	*	365
=	24.0885					/	393.074	*	365
=	22.37

Readboy Education Holding Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (33.968	+	16.54)	/	2 )	/	255.324	*	365 / 2
=	25.254					/	255.324	*	365 / 2
=	18.05

Readboy Education Holding Co (HKSE:02385) Days Sales Outstanding Explanation

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

Readboy Education Holding Co Days Sales Outstanding Related Terms

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Readboy Education Holding Co (HKSE:02385) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Readboy Education Holding Co Ltd (HKSE:02385) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 38, Changyi Road, Wuguishan, Guangdong Province, Zhongshan, CHN

Website

https://www.readboy.com

Readboy Education Holding Co Ltd is an investment holding company engaged in the production and sale of personal student tablets, smart classroom solutions, wearable products, other products, and advertisement and content licensing in the People's Republic of China. The company has five operating segments; Production and sale of personal student tablets, Production and sale of smart classroom solutions, Production and sale of wearable products, Production and sale of other products, and Advertisement and content licensing. It derives a majority of its revenue from the production and sale of personal student tablets in the People's Republic of China.

Readboy Education Holding Co (HKSE:02385) Headlines

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