China Anchu Energy Storage Group (HKSE:02399) Days Sales Outstanding : 343.20 (As of Dec. 2023)

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What is China Anchu Energy Storage Group Days Sales Outstanding?

China Anchu Energy Storage Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$674.7 Mil. China Anchu Energy Storage Group's Revenue for the six months ended in Dec. 2023 was HK$358.8 Mil. Hence, China Anchu Energy Storage Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 343.20.

The historical rank and industry rank for China Anchu Energy Storage Group's Days Sales Outstanding or its related term are showing as below:

HKSE:02399' s Days Sales Outstanding Range Over the Past 10 Years
Min: 106.21 Med: 173.91 Max: 301.37
Current: 301.37

During the past 11 years, China Anchu Energy Storage Group's highest Days Sales Outstanding was 301.37. The lowest was 106.21. And the median was 173.91.

HKSE:02399's Days Sales Outstanding is ranked worse than
95.74% of 1033 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.35 vs HKSE:02399: 301.37

China Anchu Energy Storage Group's Days Sales Outstanding increased from Dec. 2022 (186.47) to Dec. 2023 (343.20).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

China Anchu Energy Storage Group Days Sales Outstanding Historical Data

The historical data trend for China Anchu Energy Storage Group'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 Anchu Energy Storage Group Days Sales Outstanding Chart

China Anchu Energy Storage Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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168.80

196.61

183.40

179.95

293.60

China Anchu Energy Storage Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															135.23	178.86	186.47	266.00	343.20

Competitive Comparison of China Anchu Energy Storage Group's Days Sales Outstanding

For the Apparel Manufacturing subindustry, China Anchu Energy Storage Group'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 Anchu Energy Storage Group's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Anchu Energy Storage Group's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where China Anchu Energy Storage Group's Days Sales Outstanding falls into.

China Anchu Energy Storage Group 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 Anchu Energy Storage Group'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
=	( (398.303	+	736.799)	/	2 )	/	705.579	*	365
=	567.551					/	705.579	*	365
=	293.60

China Anchu Energy Storage Group'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
=	( (612.622	+	736.799)	/	2 )	/	358.785	*	365 / 2
=	674.7105					/	358.785	*	365 / 2
=	343.20

China Anchu Energy Storage Group (HKSE:02399) 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 Anchu Energy Storage Group Days Sales Outstanding Related Terms

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China Anchu Energy Storage Group (HKSE:02399) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Anchu Energy Storage Group Ltd (HKSE:02399) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fordoo Industrial Zone E12, Xunmei Industrial Zone, Fengze District, Fujian Province, Quanzhou, CHN

Website

https://www.fordoo.cn

China Anchu Energy Storage Group Ltd formerly China Fordoo Holdings Ltd is engaged in the sales of menswear apparel and brand licensing. It is also involved in the sales of industrial products to customers located in Saudi Arabia. The segments of the group are Menswear Apparel and Industrial Products. In the Menswear apparel division, the company offers Men's trousers, Men's tops and Accessories. The principal place of the group's operation is in PRC.

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