Ares Asia (HKSE:00645) Days Sales Outstanding : 59.28 (As of Sep. 2023)

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What is Ares Asia Days Sales Outstanding?

Ares Asia's average Accounts Receivable for the six months ended in Sep. 2023 was HK$71.0 Mil. Ares Asia's Revenue for the six months ended in Sep. 2023 was HK$218.7 Mil. Hence, Ares Asia's Days Sales Outstanding for the six months ended in Sep. 2023 was 59.28.

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

HKSE:00645' s Days Sales Outstanding Range Over the Past 10 Years
Min: 19.1 Med: 66.9 Max: 216.24
Current: 41.8

During the past 13 years, Ares Asia's highest Days Sales Outstanding was 216.24. The lowest was 19.10. And the median was 66.90.

HKSE:00645's Days Sales Outstanding is ranked worse than
69.11% of 123 companies
in the Other Energy Sources industry
Industry Median: 32.89 vs HKSE:00645: 41.80

Ares Asia's Days Sales Outstanding declined from Sep. 2022 (97.47) to Sep. 2023 (59.28).

Ares Asia Days Sales Outstanding Historical Data

The historical data trend for Ares Asia'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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Ares Asia Days Sales Outstanding Chart

Ares Asia Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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72.61

59.00

19.10

27.59

84.78

Ares Asia Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															1.81	95.97	97.47	34.76	59.28

Competitive Comparison of Ares Asia's Days Sales Outstanding

For the Thermal Coal subindustry, Ares Asia'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.

Ares Asia's Days Sales Outstanding Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Ares Asia's Days Sales Outstanding distribution charts can be found below:

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

Ares Asia 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.

Ares Asia's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (114.432	+	77.333)	/	2 )	/	412.795	*	365
=	95.8825					/	412.795	*	365
=	84.78

Ares Asia's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (77.333	+	64.718)	/	2 )	/	218.65	*	365 / 2
=	71.0255					/	218.65	*	365 / 2
=	59.28

Ares Asia (HKSE:00645) Days Sales Outstanding Explanation

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

Ares Asia Days Sales Outstanding Related Terms

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Ares Asia (HKSE:00645) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Ares Asia Ltd (HKSE:00645) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

1 Austin Road West, Unit No. 9608, Level 96, International Commerce Centre, Kowloon, Hong Kong, HKG

Website

http://www.aresasialtd.com

Ares Asia Ltd is an investment holding company. The group is principally engaged in the business of coal trading, entailing the selling of coal purchased from various countries to Mainland China and other commodities trading, which encompasses supply chain management and risk management service. Its business falls under the primary segment of Coal and other trading. Geographically, the group has a business presence in Mainland China, Hong Kong, and other countries, of which maximum revenue is derived from Mainland China.

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