Haosen Fintech Group (HKSE:03848) Days Sales Outstanding : 15.75 (As of Dec. 2023)

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What is Haosen Fintech Group Days Sales Outstanding?

Haosen Fintech Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$5.5 Mil. Haosen Fintech Group's Revenue for the six months ended in Dec. 2023 was HK$63.7 Mil. Hence, Haosen Fintech Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 15.75.

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

HKSE:03848' s Days Sales Outstanding Range Over the Past 10 Years
Min: 7.99 Med: 28.24 Max: 601.19
Current: 13.92

During the past 10 years, Haosen Fintech Group's highest Days Sales Outstanding was 601.19. The lowest was 7.99. And the median was 28.24.

HKSE:03848's Days Sales Outstanding is ranked better than
69.55% of 266 companies
in the Credit Services industry
Industry Median: 42.225 vs HKSE:03848: 13.92

Haosen Fintech Group's Days Sales Outstanding increased from Dec. 2022 (13.34) to Dec. 2023 (15.75).

Haosen Fintech Group Days Sales Outstanding Historical Data

The historical data trend for Haosen Fintech 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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Haosen Fintech Group Days Sales Outstanding Chart

Haosen Fintech Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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19.20

28.79

27.68

17.75

13.36

Haosen Fintech Group Semi-Annual Data
	Dec14	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													22.29	24.82	13.34	12.56	15.75

Competitive Comparison of Haosen Fintech Group's Days Sales Outstanding

For the Credit Services subindustry, Haosen Fintech 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.

Haosen Fintech Group's Days Sales Outstanding Distribution in the Credit Services Industry

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

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

Haosen Fintech 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.

Haosen Fintech 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
=	( (3.185	+	5.89)	/	2 )	/	124.005	*	365
=	4.5375					/	124.005	*	365
=	13.36

Haosen Fintech 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
=	( (5.113	+	5.89)	/	2 )	/	63.739	*	365 / 2
=	5.5015					/	63.739	*	365 / 2
=	15.75

Haosen Fintech Group (HKSE:03848) Days Sales Outstanding Explanation

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

Haosen Fintech Group Days Sales Outstanding Related Terms

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Haosen Fintech Group (HKSE:03848) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Haosen Fintech Group Ltd (HKSE:03848) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Room 3402, 34th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.cwl.com

Haosen Fintech Group Ltd Formerly Wealthy Way Group Ltd is engaged in the financial services company. The company's segment includes Finance lease and factoring related services; Micro credit and loan facilitation related services and Securities dealing and broking and other financial services. It generates majority of its revenue from the Micro credit and loan facilitation related services segment. Geographically, it derives a majority of its revenue from China.

Haosen Fintech Group (HKSE:03848) Headlines

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