Huaxi Holdings Co (HKSE:01689) Days Sales Outstanding : 534.68 (As of Jun. 2023)

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What is Huaxi Holdings Co Days Sales Outstanding?

Huaxi Holdings Co's average Accounts Receivable for the six months ended in Jun. 2023 was HK$207.2 Mil. Huaxi Holdings Co's Revenue for the six months ended in Jun. 2023 was HK$70.7 Mil. Hence, Huaxi Holdings Co's Days Sales Outstanding for the six months ended in Jun. 2023 was 534.68.

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

HKSE:01689' s Days Sales Outstanding Range Over the Past 10 Years
Min: 85.68 Med: 129.73 Max: 574.03
Current: 461.49

During the past 11 years, Huaxi Holdings Co's highest Days Sales Outstanding was 574.03. The lowest was 85.68. And the median was 129.73.

HKSE:01689's Days Sales Outstanding is ranked worse than
98.67% of 376 companies
in the Packaging & Containers industry
Industry Median: 69.425 vs HKSE:01689: 461.49

Huaxi Holdings Co's Days Sales Outstanding declined from Jun. 2022 (750.67) to Jun. 2023 (534.68).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Huaxi Holdings Co Days Sales Outstanding Historical Data

The historical data trend for Huaxi Holdings 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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Huaxi Holdings Co Days Sales Outstanding Chart

Huaxi Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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125.12

145.41

276.12

574.03

464.82

Huaxi Holdings Co Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															305.97	750.67	371.21	534.68	397.29

Competitive Comparison of Huaxi Holdings Co's Days Sales Outstanding

For the Packaging & Containers subindustry, Huaxi Holdings 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.

Huaxi Holdings Co's Days Sales Outstanding Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Huaxi Holdings Co's Days Sales Outstanding distribution charts can be found below:

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

Huaxi Holdings 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.

Huaxi Holdings Co'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
=	( (391.054	+	220.836)	/	2 )	/	194.536	*	365
=	305.945					/	194.536	*	365
=	574.03

Huaxi Holdings Co'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
=	( (220.836	+	193.634)	/	2 )	/	70.735	*	365 / 2
=	207.235					/	70.735	*	365 / 2
=	534.68

Huaxi Holdings Co (HKSE:01689) Days Sales Outstanding Explanation

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

Huaxi Holdings Co Days Sales Outstanding Related Terms

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Huaxi Holdings Co (HKSE:01689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Huaxi Holdings Co Ltd (HKSE:01689) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4 Wanji North Street, Wanji Industrial District, Guangdong Province, Shantou, CHN

Website

https://www.huaxihds.com.hk

Huaxi Holdings Co Ltd is an investment holding company principally engaged in the manufacture and sale of packaging materials for a cigarette in China. It has two reportable segments: Cigarette Packaging Business and Environmental Treatment Business. The products of the group include tipping papers, inner frame aluminum papers, inner laser paper, cigarette box frame paper, and cigarette trademark labels. Geographically all the activities functioned through China, and generate a vast majority of its revenues from the cigarette packaging business.

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