China Resources Beer (Holdings) Co (HKSE:00291) Days Sales Outstanding : 6.91 (As of Dec. 2023)

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What is China Resources Beer (Holdings) Co Days Sales Outstanding?

China Resources Beer (Holdings) Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$623 Mil. China Resources Beer (Holdings) Co's Revenue for the six months ended in Dec. 2023 was HK$16,473 Mil. Hence, China Resources Beer (Holdings) Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 6.91.

The historical rank and industry rank for China Resources Beer (Holdings) Co's Days Sales Outstanding or its related term are showing as below:

HKSE:00291' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.15 Med: 5.23 Max: 98.27
Current: 3.94

During the past 13 years, China Resources Beer (Holdings) Co's highest Days Sales Outstanding was 98.27. The lowest was 1.15. And the median was 5.23.

HKSE:00291's Days Sales Outstanding is ranked better than
88.57% of 210 companies
in the Beverages - Alcoholic industry
Industry Median: 44.265 vs HKSE:00291: 3.94

China Resources Beer (Holdings) Co's Days Sales Outstanding declined from Dec. 2022 (7.47) to Dec. 2023 (6.91).

China Resources Beer (Holdings) Co Days Sales Outstanding Historical Data

The historical data trend for China Resources Beer (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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China Resources Beer (Holdings) Co Days Sales Outstanding Chart

China Resources Beer (Holdings) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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4.30

2.93

1.76

1.36

1.15

China Resources Beer (Holdings) Co 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															8.27	4.94	7.47	4.34	6.91

Competitive Comparison of China Resources Beer (Holdings) Co's Days Sales Outstanding

For the Beverages - Brewers subindustry, China Resources Beer (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.

China Resources Beer (Holdings) Co's Days Sales Outstanding Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, China Resources Beer (Holdings) Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where China Resources Beer (Holdings) Co's Days Sales Outstanding falls into.

China Resources Beer (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.

China Resources Beer (Holdings) 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
=	( (131.772	+	135.629)	/	2 )	/	42583	*	365
=	133.7005					/	42583	*	365
=	1.15

China Resources Beer (Holdings) 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
=	( (1111.281	+	135.629)	/	2 )	/	16473.404	*	365 / 2
=	623.455					/	16473.404	*	365 / 2
=	6.91

China Resources Beer (Holdings) Co (HKSE:00291) Days Sales Outstanding Explanation

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

China Resources Beer (Holdings) Co Days Sales Outstanding Related Terms

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China Resources Beer (Holdings) Co (HKSE:00291) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » China Resources Beer (Holdings) Co Ltd (HKSE:00291) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

CRHKY:USA CHK:Germany

Address

No. 26 Harbour Road, Room 2301 and 2310, 23rd Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crbeer.com.hk

China Resources Beer, or CR Beer, was originally a conglomerate enterprise with operations across retail, beer, food and beverage sectors. In September 2015, the company disposed of all its non-beer businesses and became a pure beer producer. Through a series of mergers and acquisitions, the company retains its leadership position in China's beer industry. Amid the premiumization trend in the domestic beer market, CR beer acquired Heineken China in 2019, which allows CR Beer access to a premium international brand and also leverages its sophisticated distribution network to grow Heineken's sales and market share. CR Beer is now China's largest brewer, with a volume share of about 24%, versus 18% of Tsingtao and 16% of Budweiser APAC, based on Euromonitor data.

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