Canggang Railway (HKSE:02169) Days Sales Outstanding : 55.01 (As of Dec. 2023)

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What is Canggang Railway Days Sales Outstanding?

Canggang Railway's average Accounts Receivable for the six months ended in Dec. 2023 was HK$56.3 Mil. Canggang Railway's Revenue for the six months ended in Dec. 2023 was HK$186.8 Mil. Hence, Canggang Railway's Days Sales Outstanding for the six months ended in Dec. 2023 was 55.01.

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

HKSE:02169' s Days Sales Outstanding Range Over the Past 10 Years
Min: 46.04 Med: 53.48 Max: 61.05
Current: 53.9

During the past 7 years, Canggang Railway's highest Days Sales Outstanding was 61.05. The lowest was 46.04. And the median was 53.48.

HKSE:02169's Days Sales Outstanding is ranked worse than
60.12% of 968 companies
in the Transportation industry
Industry Median: 45.79 vs HKSE:02169: 53.90

Canggang Railway's Days Sales Outstanding declined from Dec. 2022 (61.73) to Dec. 2023 (55.01).

Canggang Railway Days Sales Outstanding Historical Data

The historical data trend for Canggang Railway'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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Canggang Railway Days Sales Outstanding Chart

Canggang Railway Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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59.21

60.52

53.48

61.05

51.79

Canggang Railway Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial						65.15	72.63	61.73	54.90	55.01

Competitive Comparison of Canggang Railway's Days Sales Outstanding

For the Railroads subindustry, Canggang Railway'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.

Canggang Railway's Days Sales Outstanding Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Canggang Railway's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Canggang Railway's Days Sales Outstanding falls into.

Canggang Railway 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.

Canggang Railway'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
=	( (56.52	+	51.812)	/	2 )	/	381.781	*	365
=	54.166					/	381.781	*	365
=	51.79

Canggang Railway'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
=	( (60.795	+	51.812)	/	2 )	/	186.799	*	365 / 2
=	56.3035					/	186.799	*	365 / 2
=	55.01

Canggang Railway (HKSE:02169) Days Sales Outstanding Explanation

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

Canggang Railway Days Sales Outstanding Related Terms

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Canggang Railway (HKSE:02169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Canggang Railway Ltd (HKSE:02169) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

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Address

Yangzhuang Station, Yangerzhuang Town, Huanghua, Hebei Province, Cangzhou, CHN

Website

https://www.czcgtl.com

Canggang Railway Ltd is a local railway operator based in Hebei Province. The company operates in two segments, rail freight transportation services, and other ancillary services, including loading and unloading, road freight transportation, construction, repair and maintenance of Special Service Lines, railway roadbed and other railway facility construction, and certain other businesses. It operates one railway, the Canggang Railway Line, which connects the Shuo-Huang Railway Line and the Han-Huang Railway Line with the Bohai New Area in Cangzhou. Its railway line also connects the Beijing-Shanghai Railway Line. The company earns its revenue from rail freight transportation services.

Canggang Railway (HKSE:02169) Headlines

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