Hing Ming Holdings (HKSE:08425) Days Sales Outstanding : 100.27 (As of Sep. 2023)

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What is Hing Ming Holdings Days Sales Outstanding?

Hing Ming Holdings's average Accounts Receivable for the three months ended in Sep. 2023 was HK$23.4 Mil. Hing Ming Holdings's Revenue for the three months ended in Sep. 2023 was HK$21.3 Mil. Hence, Hing Ming Holdings's Days Sales Outstanding for the three months ended in Sep. 2023 was 100.27.

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

HKSE:08425' s Days Sales Outstanding Range Over the Past 10 Years
Min: 75.44 Med: 92.89 Max: 109.77
Current: 75.44

During the past 9 years, Hing Ming Holdings's highest Days Sales Outstanding was 109.77. The lowest was 75.44. And the median was 92.89.

HKSE:08425's Days Sales Outstanding is ranked worse than
68.76% of 1037 companies
in the Business Services industry
Industry Median: 58.33 vs HKSE:08425: 75.44

Hing Ming Holdings's Days Sales Outstanding increased from Sep. 2022 (66.71) to Sep. 2023 (100.27).

Hing Ming Holdings Days Sales Outstanding Historical Data

The historical data trend for Hing Ming 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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Hing Ming Holdings Days Sales Outstanding Chart

Hing Ming Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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109.77

89.70

93.33

75.99

75.56

Hing Ming Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															66.71	71.04	77.59	65.90	100.27

Competitive Comparison of Hing Ming Holdings's Days Sales Outstanding

For the Rental & Leasing Services subindustry, Hing Ming 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.

Hing Ming Holdings's Days Sales Outstanding Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Hing Ming Holdings's Days Sales Outstanding distribution charts can be found below:

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

Hing Ming 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.

Hing Ming Holdings's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (17.411	+	23.261)	/	2 )	/	98.235	*	365
=	20.336					/	98.235	*	365
=	75.56

Hing Ming Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (0	+	23.368)	/	1 )	/	21.265	*	365 / 4
=	23.368					/	21.265	*	365 / 4
=	100.27

Hing Ming Holdings (HKSE:08425) Days Sales Outstanding Explanation

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

Hing Ming Holdings Days Sales Outstanding Related Terms

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Hing Ming Holdings (HKSE:08425) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hing Ming Holdings Ltd (HKSE:08425) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

83-87 Nathan Road, Room A4, 2nd Floor, Tsim Sha Tsui Mansion, Kowloon, Hong Kong, HKG

Website

http://www.hing-ming.com

Hing Ming Holdings Ltd is engaged in the rental of temporary suspended working platforms and other equipment. It also provides trading of equipment and spare parts, such as permanently suspended working platforms, motors, and wire rope and the only operating segment of the Group is rental and related services and trading of equipment and spare parts.

Hing Ming Holdings (HKSE:08425) Headlines

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