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Tongda Group Holdings (HKSE:00698) Days Sales Outstanding : 81.94 (As of Dec. 2023)


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What is Tongda Group Holdings Days Sales Outstanding?

Tongda Group Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$1,657 Mil. Tongda Group Holdings's Revenue for the six months ended in Dec. 2023 was HK$3,690 Mil. Hence, Tongda Group Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 81.94.

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

HKSE:00698' s Days Sales Outstanding Range Over the Past 10 Years
Min: 100.43   Med: 123.08   Max: 143.25
Current: 100.43

During the past 13 years, Tongda Group Holdings's highest Days Sales Outstanding was 143.25. The lowest was 100.43. And the median was 123.08.

HKSE:00698's Days Sales Outstanding is ranked worse than
71.32% of 2458 companies
in the Hardware industry
Industry Median: 74.195 vs HKSE:00698: 100.43

Tongda Group Holdings's Days Sales Outstanding declined from Dec. 2022 (110.62) to Dec. 2023 (81.94).


Tongda Group Holdings Days Sales Outstanding Historical Data

The historical data trend for Tongda Group 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.

* Premium members only.

Tongda Group Holdings Days Sales Outstanding Chart

Tongda Group Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 116.00 106.28 115.61 119.56 104.75

Tongda Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 136.75 132.17 110.62 119.56 81.94

Competitive Comparison of Tongda Group Holdings's Days Sales Outstanding

For the Electronic Components subindustry, Tongda Group 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.


Tongda Group Holdings's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Tongda Group Holdings's Days Sales Outstanding distribution charts can be found below:

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



Tongda Group 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.

Tongda Group Holdings'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
=( (2070.076 + 1673.411) / 2 ) / 6521.928*365
=1871.7435 / 6521.928*365
=104.75

Tongda Group Holdings'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
=( (1640.144 + 1673.411) / 2 ) / 3690.161*365 / 2
=1656.7775 / 3690.161*365 / 2
=81.94

* 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.


Tongda Group Holdings  (HKSE:00698) Days Sales Outstanding Explanation

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


Tongda Group Holdings Days Sales Outstanding Related Terms

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Tongda Group Holdings (HKSE:00698) Business Description

Traded in Other Exchanges
Address
6-8 Harbour Road, Room 1201-02, 12th Floor, Shui On Centre, Wanchai, Hong Kong, HKG
Tongda Group Holdings Ltd is a solutions provider of precise products for smart mobile communications and consumer electronic devices, with five business segments. The Handset casings and high-precision components segment, which generates the majority revenue, produces handset cases and related components. The household and sports goods segment consists of durable household goods, household utensils and sports goods. The network communications facilities and others segment produces set-top box casings and interior decorations of automotive. It generates majority of its revenue from mainland China.
Executives
Landmark Worldwide Holdings Limited 2101 Beneficial owner
Wang Ya Nan 2201 Interest of corporation controlled by you
Wong Ah Yeung 2201 Interest of corporation controlled by you
Wong Ah Yu 2201 Interest of corporation controlled by you
Wang Ya Hua 2201 Interest of corporation controlled by you

Tongda Group Holdings (HKSE:00698) Headlines

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