FriendTimes (HKSE:06820) Days Sales Outstanding : 32.38 (As of Dec. 2023)

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What is FriendTimes Days Sales Outstanding?

FriendTimes's average Accounts Receivable for the six months ended in Dec. 2023 was HK$85 Mil. FriendTimes's Revenue for the six months ended in Dec. 2023 was HK$477 Mil. Hence, FriendTimes's Days Sales Outstanding for the six months ended in Dec. 2023 was 32.38.

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

HKSE:06820' s Days Sales Outstanding Range Over the Past 10 Years
Min: 21.38 Med: 26.12 Max: 40.14
Current: 26.44

During the past 8 years, FriendTimes's highest Days Sales Outstanding was 40.14. The lowest was 21.38. And the median was 26.12.

HKSE:06820's Days Sales Outstanding is ranked better than
81.31% of 567 companies
in the Interactive Media industry
Industry Median: 44.79 vs HKSE:06820: 26.44

FriendTimes's Days Sales Outstanding increased from Dec. 2022 (22.93) to Dec. 2023 (32.38).

FriendTimes Days Sales Outstanding Historical Data

The historical data trend for FriendTimes'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.

* Premium members only.

FriendTimes Days Sales Outstanding Chart

FriendTimes Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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31.37

25.58

25.89

21.38

23.02

FriendTimes Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial								27.49	21.83	22.93	25.18	32.38

Competitive Comparison of FriendTimes's Days Sales Outstanding

For the Electronic Gaming & Multimedia subindustry, FriendTimes'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.

FriendTimes's Days Sales Outstanding Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, FriendTimes's Days Sales Outstanding distribution charts can be found below:

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

FriendTimes 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.

FriendTimes'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
=	( (81.901	+	63.795)	/	2 )	/	1155.067	*	365
=	72.848					/	1155.067	*	365
=	23.02

FriendTimes'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
=	( (105.298	+	63.795)	/	2 )	/	476.55	*	365 / 2
=	84.5465					/	476.55	*	365 / 2
=	32.38

FriendTimes (HKSE:06820) Days Sales Outstanding Explanation

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

FriendTimes Days Sales Outstanding Related Terms

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FriendTimes (HKSE:06820) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » FriendTimes Inc (HKSE:06820) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 68 Qitai Road, FriendTimes Building, Suzhou Industrial Park, Jiangsu Province, CHN

Website

https://www.friendtimes.net

FriendTimes Inc mobile game developer, publisher, and operator. It conducts online games business through Operating Entities. The group has successfully launched Legend of Empress, Fate: Royal Revenge, Royal Chaos, Rise of Queendom, and other flagship products. It generates revenue through China.

Executives

Friends Together Holdings Limited	2101 Beneficial owner
Tmf Trust (hk) Limited	2301 Trustee
Jiang Xiaohuang	2201 Interest of corporation controlled by you
Mao Yuyan	2202 Interest of your spouse
Gorgeous Sunshine Holding Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Friends Fruit Holdings Limited	2201 Interest of corporation controlled by you
Gic Private Limited	2102 Investment manager
Eternal Heart Holdings Limited	2101 Beneficial owner
Future Wisdom Holdings Limited	2201 Interest of corporation controlled by you
Ling Long Holdings Limited	2101 Beneficial owner
Warm Sunshine Holdings Limited	2101 Beneficial owner
Purple Crystal Holdings Limited	2101 Beneficial owner
Purple Dream Holdings Limited	2201 Interest of corporation controlled by you

FriendTimes (HKSE:06820) Headlines

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