XXF Group Holdings (HKSE:02473) Days Sales Outstanding : 2.07 (As of Dec. 2023)

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What is XXF Group Holdings Days Sales Outstanding?

XXF Group Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$9 Mil. XXF Group Holdings's Revenue for the six months ended in Dec. 2023 was HK$769 Mil. Hence, XXF Group Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 2.07.

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

HKSE:02473' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.08 Med: 2.79 Max: 3.33
Current: 2.43

During the past 4 years, XXF Group Holdings's highest Days Sales Outstanding was 3.33. The lowest was 2.08. And the median was 2.79.

HKSE:02473's Days Sales Outstanding is ranked better than
89.47% of 266 companies
in the Credit Services industry
Industry Median: 42.225 vs HKSE:02473: 2.43

XXF Group Holdings's Days Sales Outstanding declined from Dec. 2022 (3.01) to Dec. 2023 (2.07).

XXF Group Holdings Days Sales Outstanding Historical Data

The historical data trend for XXF Group 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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XXF Group Holdings Days Sales Outstanding Chart

XXF Group Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

3.33

2.08

2.77

2.81

XXF Group Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial			-	2.39	3.01	2.45	2.07

Competitive Comparison of XXF Group Holdings's Days Sales Outstanding

For the Credit Services subindustry, XXF Group 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.

XXF Group Holdings's Days Sales Outstanding Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, XXF Group Holdings's Days Sales Outstanding distribution charts can be found below:

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

XXF Group 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.

XXF Group Holdings'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
=	( (11.1	+	10.859)	/	2 )	/	1426.661	*	365
=	10.9795					/	1426.661	*	365
=	2.81

XXF Group Holdings'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
=	( (6.573	+	10.859)	/	2 )	/	769.298	*	365 / 2
=	8.716					/	769.298	*	365 / 2
=	2.07

XXF Group Holdings (HKSE:02473) Days Sales Outstanding Explanation

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

XXF Group Holdings Days Sales Outstanding Related Terms

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XXF Group Holdings (HKSE:02473) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » XXF Group Holdings Ltd (HKSE:02473) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 318 Fuguang Road, Building 3, Fuxing Economic Development Zone, Jin’an District, Fujian, Fuzhou, CHN

Website

http://www.xxfqc.com

XXF Group Holdings Ltd is an established automobile retailer providing automobile finance lease service primarily through its self-operated sales outlets in the PRC. The Group's principal businesses comprise (i) automobile retail and finance, where it sells non-luxury automobiles mostly on direct finance lease; and (ii) automobile-related businesses, where it principally offers automobile operating lease service and other automobile-related services. It is one of the offline third-party RAFLCs among all the RAFLCs in the market.

XXF Group Holdings (HKSE:02473) Headlines

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