Xinyi Solar Holdings (HKSE:00968) Days Sales Outstanding : 117.36 (As of Jun. 2023)

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What is Xinyi Solar Holdings Days Sales Outstanding?

Xinyi Solar Holdings's average Accounts Receivable for the six months ended in Jun. 2023 was HK$7,808 Mil. Xinyi Solar Holdings's Revenue for the six months ended in Jun. 2023 was HK$12,142 Mil. Hence, Xinyi Solar Holdings's Days Sales Outstanding for the six months ended in Jun. 2023 was 117.36.

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

HKSE:00968' s Days Sales Outstanding Range Over the Past 10 Years
Min: 45.7 Med: 117.37 Max: 165.91
Current: 108.28

During the past 12 years, Xinyi Solar Holdings's highest Days Sales Outstanding was 165.91. The lowest was 45.70. And the median was 117.37.

HKSE:00968's Days Sales Outstanding is ranked worse than
83.44% of 978 companies
in the Semiconductors industry
Industry Median: 62.445 vs HKSE:00968: 108.28

Xinyi Solar Holdings's Days Sales Outstanding declined from Jun. 2022 (146.15) to Jun. 2023 (117.36).

Xinyi Solar Holdings Days Sales Outstanding Historical Data

The historical data trend for Xinyi Solar Holdings'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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Xinyi Solar Holdings Days Sales Outstanding Chart

Xinyi Solar Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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154.39

141.36

140.50

126.91

104.85

Xinyi Solar Holdings 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															158.44	146.15	131.89	117.36	103.83

Competitive Comparison of Xinyi Solar Holdings's Days Sales Outstanding

For the Solar subindustry, Xinyi Solar Holdings'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.

Xinyi Solar Holdings's Days Sales Outstanding Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Xinyi Solar Holdings's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Xinyi Solar Holdings's Days Sales Outstanding falls into.

Xinyi Solar Holdings 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.

Xinyi Solar Holdings'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
=	( (7070.189	+	7215.736)	/	2 )	/	20544.041	*	365
=	7142.9625					/	20544.041	*	365
=	126.91

Xinyi Solar Holdings'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
=	( (7215.736	+	8401.098)	/	2 )	/	12141.921	*	365 / 2
=	7808.417					/	12141.921	*	365 / 2
=	117.36

Xinyi Solar Holdings (HKSE:00968) Days Sales Outstanding Explanation

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

Xinyi Solar Holdings Days Sales Outstanding Related Terms

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Xinyi Solar Holdings (HKSE:00968) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Xinyi Solar Holdings Ltd (HKSE:00968) » Definitions » Days Sales Outstanding

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Address

Xinyi PV Glass Industrial Zone, 2 Xinyi Road, Wuhu Economic and Technology Development Zone, Anhui Province, Wuhu, CHN, 241009

Website

https://www.xinyisolar.com

Xinyi Solar Holdings Ltd is an investment holding company. Its activities consist of the production and sale of solar glass products, the development and operation of solar farms, and the provision of engineering, procurement, and construction (EPC) services. The company's segments include sales of solar glass; solar farm business which includes solar farm development and solar power generation; and EPC services. It derives revenue from two core business segments, namely the sale and manufacturing of solar glass and solar farm business. Its operations are held in the People's Republic of China and Other countries.

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