Kin Shing Holdings (HKSE:01630) Days Sales Outstanding : 42.68 (As of Sep. 2023)

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What is Kin Shing Holdings Days Sales Outstanding?

Kin Shing Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$127.2 Mil. Kin Shing Holdings's Revenue for the six months ended in Sep. 2023 was HK$543.9 Mil. Hence, Kin Shing Holdings's Days Sales Outstanding for the six months ended in Sep. 2023 was 42.68.

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

HKSE:01630' s Days Sales Outstanding Range Over the Past 10 Years
Min: 27 Med: 58.89 Max: 118.43
Current: 49.23

During the past 10 years, Kin Shing Holdings's highest Days Sales Outstanding was 118.43. The lowest was 27.00. And the median was 58.89.

HKSE:01630's Days Sales Outstanding is ranked better than
73.31% of 1645 companies
in the Construction industry
Industry Median: 72.65 vs HKSE:01630: 49.23

Kin Shing Holdings's Days Sales Outstanding declined from Sep. 2022 (75.67) to Sep. 2023 (42.68).

Kin Shing Holdings Days Sales Outstanding Historical Data

The historical data trend for Kin Shing 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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Kin Shing Holdings Days Sales Outstanding Chart

Kin Shing Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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75.55

117.22

89.99

64.00

53.78

Kin Shing Holdings Semi-Annual Data
	Mar14	Mar15	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													58.22	37.38	75.67	46.10	42.68

Competitive Comparison of Kin Shing Holdings's Days Sales Outstanding

For the Engineering & Construction subindustry, Kin Shing 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.

Kin Shing Holdings's Days Sales Outstanding Distribution in the Construction Industry

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

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

Kin Shing 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.

Kin Shing 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
=	( (76.922	+	62.985)	/	2 )	/	474.768	*	365
=	69.9535					/	474.768	*	365
=	53.78

Kin Shing 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
=	( (62.985	+	191.445)	/	2 )	/	543.918	*	365 / 2
=	127.215					/	543.918	*	365 / 2
=	42.68

Kin Shing Holdings (HKSE:01630) Days Sales Outstanding Explanation

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

Kin Shing Holdings Days Sales Outstanding Related Terms

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Kin Shing Holdings (HKSE:01630) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kin Shing Holdings Ltd (HKSE:01630) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Cheung Yue Street, Unit D, 9th Floor, Billion Plaza 2, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.kinshingholdings.com.hk

Kin Shing Holdings Ltd is an investment holding company. The group is a formwork subcontractor. The operating segments of the company include the Formwork works segment which is engaged in the provision of formwork works and other ancillary works and the Building construction works segment and the Trading and Investment business which is engaged in investing in financial instruments. The company generates maximum revenue from the Formwork works segment. Geographically, the group's operations are located in Hong Kong.

Executives

Chu Yuet Wah
Ample Cheer Limited	2201 Interest of corporation controlled by you
Five Continental Enterprise Limited	2101 Beneficial owner
Kingston Finance Limited	2106 Person having a security interest in shares
Chow Siu Yu	2103 Interests held jointly with another person
Leung Chi Kit	2201 Interest of corporation controlled by you
Tso Yuk Ching	2202 Interest of your spouse

Kin Shing Holdings (HKSE:01630) Headlines

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