Zhejiang Expressway Co (HKSE:00576) Days Sales Outstanding : 16.44 (As of Dec. 2023)

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What is Zhejiang Expressway Co Days Sales Outstanding?

Zhejiang Expressway Co's average Accounts Receivable for the three months ended in Dec. 2023 was HK$909 Mil. Zhejiang Expressway Co's Revenue for the three months ended in Dec. 2023 was HK$5,048 Mil. Hence, Zhejiang Expressway Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 16.44.

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

HKSE:00576' s Days Sales Outstanding Range Over the Past 10 Years
Min: 4.62 Med: 9.17 Max: 19.99
Current: 19.99

During the past 13 years, Zhejiang Expressway Co's highest Days Sales Outstanding was 19.99. The lowest was 4.62. And the median was 9.17.

HKSE:00576's Days Sales Outstanding is ranked better than
94.53% of 1644 companies
in the Construction industry
Industry Median: 72.4 vs HKSE:00576: 19.99

Zhejiang Expressway Co's Days Sales Outstanding increased from Sep. 2022 (13.86) to Dec. 2023 (16.44).

Zhejiang Expressway Co Days Sales Outstanding Historical Data

The historical data trend for Zhejiang Expressway 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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Zhejiang Expressway Co Days Sales Outstanding Chart

Zhejiang Expressway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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8.95

10.09

9.39

12.90

15.13

Zhejiang Expressway Co Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun19	Sep19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															12.73	-	15.10	16.44	19.09

Competitive Comparison of Zhejiang Expressway Co's Days Sales Outstanding

For the Infrastructure Operations subindustry, Zhejiang Expressway 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.

Zhejiang Expressway Co's Days Sales Outstanding Distribution in the Construction Industry

For the Construction industry and Industrials sector, Zhejiang Expressway Co's Days Sales Outstanding distribution charts can be found below:

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

Zhejiang Expressway 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.

Zhejiang Expressway 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
=	( (628.581	+	909.453)	/	2 )	/	18555.985	*	365
=	769.017					/	18555.985	*	365
=	15.13

Zhejiang Expressway 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: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0	+	909.453)	/	1 )	/	5047.611	*	365 / 4
=	909.453					/	5047.611	*	365 / 4
=	16.44

Zhejiang Expressway Co (HKSE:00576) Days Sales Outstanding Explanation

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

Zhejiang Expressway Co Days Sales Outstanding Related Terms

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Zhejiang Expressway Co (HKSE:00576) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhejiang Expressway Co Ltd (HKSE:00576) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

ZHEXF:USA ZHJ:Germany

Address

199 Wuxing Road, 5th Floor, No. 2, Mingzhu International Business Center, Zhejiang Province, Hangzhou, CHN, 310020

Website

https://www.zjec.com.cn

Zhejiang Expressway Co Ltd is a Chinese infrastructure company which, through its subsidiaries, develops, maintains, and operates high-grade roads. The company organizes itself into three segments: toll road business, securities business, and other business. The company derives the majority of revenue and earnings from the toll road business. The securities business, the next most significant segment, provides brokerage services, including advisory, margin lending, and asset management. The company earns the entirety of revenue domestically.

Zhejiang Expressway Co (HKSE:00576) Headlines

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