China Chunlai Education Group Co (HKSE:01969) Days Sales Outstanding : 31.46 (As of Aug. 2023)

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What is China Chunlai Education Group Co Days Sales Outstanding?

China Chunlai Education Group Co's average Accounts Receivable for the six months ended in Aug. 2023 was HK$139 Mil. China Chunlai Education Group Co's Revenue for the six months ended in Aug. 2023 was HK$809 Mil. Hence, China Chunlai Education Group Co's Days Sales Outstanding for the six months ended in Aug. 2023 was 31.46.

The historical rank and industry rank for China Chunlai Education Group Co's Days Sales Outstanding or its related term are showing as below:

HKSE:01969' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.4 Med: 8.64 Max: 31.08
Current: 28.23

During the past 9 years, China Chunlai Education Group Co's highest Days Sales Outstanding was 31.08. The lowest was 0.40. And the median was 8.64.

HKSE:01969's Days Sales Outstanding is ranked better than
50.4% of 248 companies
in the Education industry
Industry Median: 29.4 vs HKSE:01969: 28.23

China Chunlai Education Group Co's Days Sales Outstanding increased from Aug. 2022 (24.77) to Aug. 2023 (31.46).

China Chunlai Education Group Co Days Sales Outstanding Historical Data

The historical data trend for China Chunlai Education Group Co'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 Chunlai Education Group Co Days Sales Outstanding Chart

China Chunlai Education Group Co Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Sales Outstanding

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7.60

10.69

12.15

19.71

31.08

China Chunlai Education Group Co Semi-Annual Data
	Aug15	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Days Sales Outstanding	Get a 7-Day Free Trial												15.81	24.77	24.61	31.46	33.26

Competitive Comparison of China Chunlai Education Group Co's Days Sales Outstanding

For the Education & Training Services subindustry, China Chunlai Education Group Co'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 Chunlai Education Group Co's Days Sales Outstanding Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, China Chunlai Education Group Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where China Chunlai Education Group Co's Days Sales Outstanding falls into.

China Chunlai Education Group Co 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 Chunlai Education Group Co's Days Sales Outstanding for the fiscal year that ended in Aug. 2023 is calculated as

	Days Sales Outstanding (A: Aug. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )	/	Revenue (A: Aug. 2023 )	*	Days in Period
=	( (114.138	+	161.29)	/	2 )	/	1617.347	*	365
=	137.714					/	1617.347	*	365
=	31.08

China Chunlai Education Group Co's Days Sales Outstanding for the quarter that ended in Aug. 2023 is calculated as:

	Days Sales Outstanding (Q: Aug. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Feb. 2023 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )	/	Revenue (A: Aug. 2023 )	*	Days in Period
=	( (117.608	+	161.29)	/	2 )	/	808.966	*	365 / 2
=	139.449					/	808.966	*	365 / 2
=	31.46

China Chunlai Education Group Co (HKSE:01969) 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 Chunlai Education Group Co Days Sales Outstanding Related Terms

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China Chunlai Education Group Co (HKSE:01969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Chunlai Education Group Co Ltd (HKSE:01969) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 66, Beihai East Road, Henan Province, Shangqiu, CHN, 476000

Website

https://www.chunlaiedu.com

China Chunlai Education Group Co Ltd is an investment holding company. The company through its subsidiaries is engaged in the operation of private higher education institutions. It generates revenue from tuition fees and Boarding fees. Geographically, it derives revenue from China.

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