Zhejiang Yongan Rongtong Holdings Co (HKSE:08211) Days Sales Outstanding : 80.35 (As of Dec. 2023)

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What is Zhejiang Yongan Rongtong Holdings Co Days Sales Outstanding?

Zhejiang Yongan Rongtong Holdings Co's average Accounts Receivable for the three months ended in Dec. 2023 was HK$10.70 Mil. Zhejiang Yongan Rongtong Holdings Co's Revenue for the three months ended in Dec. 2023 was HK$12.15 Mil. Hence, Zhejiang Yongan Rongtong Holdings Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 80.35.

The historical rank and industry rank for Zhejiang Yongan Rongtong Holdings Co's Days Sales Outstanding or its related term are showing as below:

HKSE:08211' s Days Sales Outstanding Range Over the Past 10 Years
Min: 73.31 Med: 83.39 Max: 102.15
Current: 86.84

During the past 13 years, Zhejiang Yongan Rongtong Holdings Co's highest Days Sales Outstanding was 102.15. The lowest was 73.31. And the median was 83.39.

HKSE:08211's Days Sales Outstanding is ranked worse than
77.19% of 1026 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.38 vs HKSE:08211: 86.84

Zhejiang Yongan Rongtong Holdings Co's Days Sales Outstanding declined from Dec. 2022 (87.03) to Dec. 2023 (80.35).

Zhejiang Yongan Rongtong Holdings Co Days Sales Outstanding Historical Data

The historical data trend for Zhejiang Yongan Rongtong Holdings Co'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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Zhejiang Yongan Rongtong Holdings Co Days Sales Outstanding Chart

Zhejiang Yongan Rongtong Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

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Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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73.31

102.15

83.72

99.13

92.49

Zhejiang Yongan Rongtong Holdings Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															87.03	131.61	60.31	74.62	80.35

Competitive Comparison of Zhejiang Yongan Rongtong Holdings Co's Days Sales Outstanding

For the Textile Manufacturing subindustry, Zhejiang Yongan Rongtong Holdings Co'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.

Zhejiang Yongan Rongtong Holdings Co's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Yongan Rongtong Holdings Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Zhejiang Yongan Rongtong Holdings Co's Days Sales Outstanding falls into.

Zhejiang Yongan Rongtong Holdings Co 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.

Zhejiang Yongan Rongtong Holdings Co'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
=	( (19.847	+	10.7)	/	2 )	/	60.275	*	365
=	15.2735					/	60.275	*	365
=	92.49

Zhejiang Yongan Rongtong Holdings Co'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: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0	+	10.7)	/	1 )	/	12.152	*	365 / 4
=	10.7					/	12.152	*	365 / 4
=	80.35

Zhejiang Yongan Rongtong Holdings Co (HKSE:08211) Days Sales Outstanding Explanation

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

Zhejiang Yongan Rongtong Holdings Co Days Sales Outstanding Related Terms

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Zhejiang Yongan Rongtong Holdings Co (HKSE:08211) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Yongan Rongtong Holdings Co Ltd (HKSE:08211) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

6-8 Harbour Road, Suites 2701-08, 27/F, Shui On Centre, Wanchai, Hong Kong, HKG

Website

http://www.zj-yongan.com

Zhejiang Yongan Rongtong Holdings Co Ltd is the manufacturer and seller of woven fabric. Its segment includes Woven fabrics, Subcontracting services. The Woven fabrics segment which derives the majority of revenue engages in the manufacture and sale of woven fabrics; The Subcontracting services segment includes the provision of woven fabrics subcontracting services. Its product comprises cotton, polyester, spandex, and fashion fabrics. These products are exported to various overseas markets such as Europe, South America, the Middle East, and Others overseas.

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