China Merchants Land (HKSE:00978) Days Sales Outstanding : 0.24 (As of Dec. 2023)

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What is China Merchants Land Days Sales Outstanding?

China Merchants Land's average Accounts Receivable for the six months ended in Dec. 2023 was HK$27 Mil. China Merchants Land's Revenue for the six months ended in Dec. 2023 was HK$20,767 Mil. Hence, China Merchants Land's Days Sales Outstanding for the six months ended in Dec. 2023 was 0.24.

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

HKSE:00978' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.08 Med: 0.28 Max: 1.19
Current: 0.32

During the past 13 years, China Merchants Land's highest Days Sales Outstanding was 1.19. The lowest was 0.08. And the median was 0.28.

HKSE:00978's Days Sales Outstanding is ranked better than
98.14% of 1665 companies
in the Real Estate industry
Industry Median: 36.86 vs HKSE:00978: 0.32

China Merchants Land's Days Sales Outstanding declined from Dec. 2022 (0.40) to Dec. 2023 (0.24).

China Merchants Land Days Sales Outstanding Historical Data

The historical data trend for China Merchants Land'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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China Merchants Land Days Sales Outstanding Chart

China Merchants Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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0.21

1.19

0.90

0.33

0.30

China Merchants Land 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															0.28	0.45	0.40	0.53	0.24

Competitive Comparison of China Merchants Land's Days Sales Outstanding

For the Real Estate - Diversified subindustry, China Merchants Land'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.

China Merchants Land's Days Sales Outstanding Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Merchants Land's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where China Merchants Land's Days Sales Outstanding falls into.

China Merchants Land 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.

China Merchants Land'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
=	( (30.068	+	21.923)	/	2 )	/	31501.756	*	365
=	25.9955					/	31501.756	*	365
=	0.30

China Merchants Land'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
=	( (32.035	+	21.923)	/	2 )	/	20767.086	*	365 / 2
=	26.979					/	20767.086	*	365 / 2
=	0.24

China Merchants Land (HKSE:00978) Days Sales Outstanding Explanation

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

China Merchants Land Days Sales Outstanding Related Terms

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China Merchants Land (HKSE:00978) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Merchants Land Ltd (HKSE:00978) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

TNY1:Germany

Address

Nos. 168-200 Connaught Road, Room 2603 to 2606, 26th Floor, China Merchants Tower, Shun Tak Centre, Central, Hong Kong, HKG

Website

http://www.cmland.hk

China Merchants Land Ltd is an investment holding company that operates through two segments. The properties segment, which generates almost all the company's sales, is engaged in real estate development and leasing, and the Asset Management segment. Asset management segment includes office premises and shopping malls. The company operates primarily in Mainland China.

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