Reliance Global Holdings (HKSE:00723) Days Sales Outstanding : 35.20 (As of Sep. 2023)

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What is Reliance Global Holdings Days Sales Outstanding?

Reliance Global Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$15.6 Mil. Reliance Global Holdings's Revenue for the six months ended in Sep. 2023 was HK$80.9 Mil. Hence, Reliance Global Holdings's Days Sales Outstanding for the six months ended in Sep. 2023 was 35.20.

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

HKSE:00723' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.43 Med: 20.72 Max: 1171.5
Current: 16.18

During the past 13 years, Reliance Global Holdings's highest Days Sales Outstanding was 1171.50. The lowest was 1.43. And the median was 20.72.

HKSE:00723's Days Sales Outstanding is ranked better than
95.47% of 287 companies
in the Forest Products industry
Industry Median: 53.76 vs HKSE:00723: 16.18

Reliance Global Holdings's Days Sales Outstanding increased from Sep. 2022 (5.06) to Sep. 2023 (35.20).

Reliance Global Holdings Days Sales Outstanding Historical Data

The historical data trend for Reliance Global 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.

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Reliance Global Holdings Days Sales Outstanding Chart

Reliance Global Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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18.53

17.05

2.28

1.43

6.69

Reliance Global Holdings 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															2.16	1.89	5.06	10.88	35.20

Competitive Comparison of Reliance Global Holdings's Days Sales Outstanding

For the Lumber & Wood Production subindustry, Reliance Global 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.

Reliance Global Holdings's Days Sales Outstanding Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Reliance Global Holdings's Days Sales Outstanding distribution charts can be found below:

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

Reliance Global 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.

Reliance Global Holdings'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
=	( (1.624	+	17.04)	/	2 )	/	509.326	*	365
=	9.332					/	509.326	*	365
=	6.69

Reliance Global Holdings'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
=	( (17.04	+	14.18)	/	2 )	/	80.927	*	365 / 2
=	15.61					/	80.927	*	365 / 2
=	35.20

Reliance Global Holdings (HKSE:00723) Days Sales Outstanding Explanation

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

Reliance Global Holdings Days Sales Outstanding Related Terms

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Reliance Global Holdings (HKSE:00723) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Reliance Global Holdings Ltd (HKSE:00723) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Harbour Road, Room 2401A, 24th Floor, Great Eagle Centre, Wanchai, Hong Kong, HKG

Website

https://www.relianceglobal.com.hk

Reliance Global Holdings Ltd is an investment holding company. It operates through four segments namely forest-related business comprising timber supply chain and sustainable forest management, money lending business, and leasing of properties. The company generates a majority of its revenue from the sale of timber and wooden products segment. Its geographical segments include China, Hong Kong, Asia, Europe, and South America, out of which the majority of the revenue derives from China.

Executives

Champion Alliance Enterprises Limited
Elite Prosperous Enterprises Limited
Wang Jingyu

Reliance Global Holdings (HKSE:00723) Headlines

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