Comtec Solar Systems Group (HKSE:00712) Days Sales Outstanding : 38.72 (As of Dec. 2023)

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What is Comtec Solar Systems Group Days Sales Outstanding?

Comtec Solar Systems Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$30.0 Mil. Comtec Solar Systems Group's Revenue for the six months ended in Dec. 2023 was HK$141.3 Mil. Hence, Comtec Solar Systems Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 38.72.

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

HKSE:00712' s Days Sales Outstanding Range Over the Past 10 Years
Min: 51.25 Med: 68.65 Max: 159.63
Current: 51.25

During the past 13 years, Comtec Solar Systems Group's highest Days Sales Outstanding was 159.63. The lowest was 51.25. And the median was 68.65.

HKSE:00712's Days Sales Outstanding is ranked better than
65.17% of 982 companies
in the Semiconductors industry
Industry Median: 62.545 vs HKSE:00712: 51.25

Comtec Solar Systems Group's Days Sales Outstanding increased from Dec. 2022 (32.23) to Dec. 2023 (38.72).

Comtec Solar Systems Group Days Sales Outstanding Historical Data

The historical data trend for Comtec Solar Systems Group'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.

Comtec Solar Systems Group Days Sales Outstanding Chart

Comtec Solar Systems Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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108.19

159.63

123.84

69.68

67.61

Comtec Solar Systems Group 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															621.21	47.94	32.23	79.51	38.72

Competitive Comparison of Comtec Solar Systems Group's Days Sales Outstanding

For the Solar subindustry, Comtec Solar Systems Group'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.

Comtec Solar Systems Group's Days Sales Outstanding Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Comtec Solar Systems Group's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Comtec Solar Systems Group's Days Sales Outstanding falls into.

Comtec Solar Systems Group 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.

Comtec Solar Systems Group'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
=	( (6.67	+	51.938)	/	2 )	/	158.21	*	365
=	29.304					/	158.21	*	365
=	67.61

Comtec Solar Systems Group'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
=	( (8.036	+	51.938)	/	2 )	/	141.333	*	365 / 2
=	29.987					/	141.333	*	365 / 2
=	38.72

Comtec Solar Systems Group (HKSE:00712) Days Sales Outstanding Explanation

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

Comtec Solar Systems Group Days Sales Outstanding Related Terms

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Comtec Solar Systems Group (HKSE:00712) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Comtec Solar Systems Group Ltd (HKSE:00712) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

8C11:Germany

Address

No. 2, Hongyang Road, Tianning District, Jiangsu Province, Changzhou, CHN

Website

http://www.comtecsolar.com

Comtec Solar Systems Group Ltd is an investment holding company. The company is engaged in operations of rooftop distributed power generation projects in industrial, commercial and residential buildings and in sales of lithium battery power storage systems businesses for electric vehicles and power storage customers. It also involves consulting services for the investment, development, construction and operation of solar photovoltaic power stations. Its segments are Monocrystalline and solar products and Solar and power storage products.

Comtec Solar Systems Group (HKSE:00712) Headlines

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