Tian Cheng Holdings (HKSE:02110) Days Sales Outstanding : 12.23 (As of Nov. 2023)

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What is Tian Cheng Holdings Days Sales Outstanding?

Tian Cheng Holdings's average Accounts Receivable for the six months ended in Nov. 2023 was HK$8.3 Mil. Tian Cheng Holdings's Revenue for the six months ended in Nov. 2023 was HK$123.6 Mil. Hence, Tian Cheng Holdings's Days Sales Outstanding for the six months ended in Nov. 2023 was 12.23.

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

HKSE:02110' s Days Sales Outstanding Range Over the Past 10 Years
Min: 14.76 Med: 27.06 Max: 64.45
Current: 21.19

During the past 7 years, Tian Cheng Holdings's highest Days Sales Outstanding was 64.45. The lowest was 14.76. And the median was 27.06.

HKSE:02110's Days Sales Outstanding is ranked better than
93.78% of 1641 companies
in the Construction industry
Industry Median: 73.38 vs HKSE:02110: 21.19

Tian Cheng Holdings's Days Sales Outstanding declined from Nov. 2022 (47.10) to Nov. 2023 (12.23).

Tian Cheng Holdings Days Sales Outstanding Historical Data

The historical data trend for Tian Cheng 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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Tian Cheng Holdings Days Sales Outstanding Chart

Tian Cheng Holdings Annual Data

Trend

May17

May18

May19

May20

May21

May22

May23

Days Sales Outstanding

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23.44

14.76

18.77

64.45

49.05

Tian Cheng Holdings Semi-Annual Data
	May17	May18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Days Sales Outstanding	Get a 7-Day Free Trial							40.19	79.26	47.10	27.03	12.23

Competitive Comparison of Tian Cheng Holdings's Days Sales Outstanding

For the Engineering & Construction subindustry, Tian Cheng 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.

Tian Cheng Holdings's Days Sales Outstanding Distribution in the Construction Industry

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

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

Tian Cheng 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.

Tian Cheng Holdings's Days Sales Outstanding for the fiscal year that ended in May. 2023 is calculated as

	Days Sales Outstanding (A: May. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: May. 2022 )	+	Accounts Receivable (A: May. 2023 ))	/	count )	/	Revenue (A: May. 2023 )	*	Days in Period
=	( (49.801	+	3.42)	/	2 )	/	198.025	*	365
=	26.6105					/	198.025	*	365
=	49.05

Tian Cheng Holdings's Days Sales Outstanding for the quarter that ended in Nov. 2023 is calculated as:

	Days Sales Outstanding (Q: Nov. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: May. 2023 )	+	Accounts Receivable (A: Nov. 2023 ))	/	count )	/	Revenue (A: Nov. 2023 )	*	Days in Period
=	( (3.42	+	13.141)	/	2 )	/	123.589	*	365 / 2
=	8.2805					/	123.589	*	365 / 2
=	12.23

Tian Cheng Holdings (HKSE:02110) Days Sales Outstanding Explanation

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

Tian Cheng Holdings Days Sales Outstanding Related Terms

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Tian Cheng Holdings (HKSE:02110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tian Cheng Holdings Ltd (HKSE:02110) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

68 Mody Road, Rooms 506-507A, Empire Centre, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.yuekanholdings.com

Tian Cheng Holdings Ltd formerly Yue Kan Holdings Ltd is a marine construction works subcontractor. The company's operating segment includes Marine construction works; Other civil engineering works and Vessel chartering services. It generates maximum revenue from the Marine construction works segment. Geographically, it derives revenue from Hong Kong.

Executives

Ouyang Chengguo	2101 Beneficial owner
Yue Hang Investment Limited	2101 Beneficial owner
Heung Che Kan	2201 Interest of corporation controlled by you
Mok Man Yee Lisa	2202 Interest of your spouse

Tian Cheng Holdings (HKSE:02110) Headlines

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