Grand Ming Group Holdings (HKSE:01271) Days Sales Outstanding : 30.52 (As of Sep. 2023)

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What is Grand Ming Group Holdings Days Sales Outstanding?

Grand Ming Group Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$32.1 Mil. Grand Ming Group Holdings's Revenue for the six months ended in Sep. 2023 was HK$191.7 Mil. Hence, Grand Ming Group Holdings's Days Sales Outstanding for the six months ended in Sep. 2023 was 30.52.

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

HKSE:01271' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.73 Med: 43.32 Max: 84.82
Current: 44.07

During the past 11 years, Grand Ming Group Holdings's highest Days Sales Outstanding was 84.82. The lowest was 2.73. And the median was 43.32.

HKSE:01271's Days Sales Outstanding is ranked better than
78.43% of 1646 companies
in the Construction industry
Industry Median: 72.21 vs HKSE:01271: 44.07

Grand Ming Group Holdings's Days Sales Outstanding increased from Sep. 2022 (1.39) to Sep. 2023 (30.52).

Grand Ming Group Holdings Days Sales Outstanding Historical Data

The historical data trend for Grand Ming 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.

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Grand Ming Group Holdings Days Sales Outstanding Chart

Grand Ming Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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84.82

28.56

14.37

15.01

2.73

Grand Ming Group 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															9.57	28.53	1.39	77.47	30.52

Competitive Comparison of Grand Ming Group Holdings's Days Sales Outstanding

For the Engineering & Construction subindustry, Grand Ming 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.

Grand Ming Group Holdings's Days Sales Outstanding Distribution in the Construction Industry

For the Construction industry and Industrials sector, Grand Ming Group Holdings's Days Sales Outstanding distribution charts can be found below:

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

Grand Ming 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.

Grand Ming Group 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
=	( (39.129	+	35.811)	/	2 )	/	5004.56	*	365
=	37.47					/	5004.56	*	365
=	2.73

Grand Ming Group 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
=	( (35.811	+	28.313)	/	2 )	/	191.702	*	365 / 2
=	32.062					/	191.702	*	365 / 2
=	30.52

Grand Ming Group Holdings (HKSE:01271) Days Sales Outstanding Explanation

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

Grand Ming Group Holdings Days Sales Outstanding Related Terms

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Grand Ming Group Holdings (HKSE:01271) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Grand Ming Group Holdings Ltd (HKSE:01271) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

N/A

Address

No. 39 Chatham Road South, 22nd Floor, Railway Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.grandming.com.hk

Grand Ming Group Holdings Ltd is an investment holding company. The segments in which the company operates include Construction is a key revenue driver, which includes contracts for residential buildings, commercial buildings, and data centers; Property leasing, which includes leasing of data centers; and Property development segment includes the development and sale of properties. All of its activities are carried out in Hong Kong.

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