CITIC (HKSE:00267) Days Sales Outstanding : 61.31 (As of Jun. 2023)

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What is CITIC Days Sales Outstanding?

CITIC's average Accounts Receivable for the six months ended in Jun. 2023 was HK$145,446 Mil. CITIC's Revenue for the six months ended in Jun. 2023 was HK$432,954 Mil. Hence, CITIC's Days Sales Outstanding for the six months ended in Jun. 2023 was 61.31.

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

HKSE:00267' s Days Sales Outstanding Range Over the Past 10 Years
Min: 11.16 Med: 24.02 Max: 75.17
Current: 75.17

During the past 13 years, CITIC's highest Days Sales Outstanding was 75.17. The lowest was 11.16. And the median was 24.02.

HKSE:00267's Days Sales Outstanding is ranked worse than
62.42% of 495 companies
in the Conglomerates industry
Industry Median: 61.47 vs HKSE:00267: 75.17

CITIC's Days Sales Outstanding increased from Jun. 2022 (48.06) to Jun. 2023 (61.31).

CITIC Days Sales Outstanding Historical Data

The historical data trend for CITIC'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.

CITIC Days Sales Outstanding Chart

CITIC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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24.36

27.74

40.31

65.51

96.29

CITIC Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															41.84	48.06	45.91	61.31	67.78

Competitive Comparison of CITIC's Days Sales Outstanding

For the Conglomerates subindustry, CITIC'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.

CITIC's Days Sales Outstanding Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, CITIC's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where CITIC's Days Sales Outstanding falls into.

CITIC 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.

CITIC's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (141312	+	211273)	/	2 )	/	982227	*	365
=	176292.5					/	982227	*	365
=	65.51

CITIC's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding (Q: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (211273	+	79618)	/	2 )	/	432954	*	365 / 2
=	145445.5					/	432954	*	365 / 2
=	61.31

CITIC (HKSE:00267) Days Sales Outstanding Explanation

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

CITIC Days Sales Outstanding Related Terms

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CITIC (HKSE:00267) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » CITIC Ltd (HKSE:00267) » Definitions » Days Sales Outstanding

Comparable Companies

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CTPCY:USA CTPCF:USA CPF:Germany

Address

1 Tim Mei Avenue, 32nd Floor, CITIC Tower, Central, Hong Kong, HKG

Website

https://www.citic.com

CITIC Ltd is a Hong Kong-based investment holding company. The company's operating segment includes Comprehensive financial services; Advanced intelligent manufacturing; Advanced materials; New consumption and New-type urbanisation. It generates maximum revenue from the Comprehensive financial services segment. Geographically it derives a majority of its revenue from Mainland China.

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