Huitongda Network Co (HKSE:09878) Days Sales Outstanding : 9.37 (As of Dec. 2023)

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What is Huitongda Network Co Days Sales Outstanding?

Huitongda Network Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$2,193 Mil. Huitongda Network Co's Revenue for the six months ended in Dec. 2023 was HK$42,718 Mil. Hence, Huitongda Network Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 9.37.

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

HKSE:09878' s Days Sales Outstanding Range Over the Past 10 Years
Min: 5.07 Med: 6.38 Max: 8.68
Current: 8.68

During the past 6 years, Huitongda Network Co's highest Days Sales Outstanding was 8.68. The lowest was 5.07. And the median was 6.38.

HKSE:09878's Days Sales Outstanding is ranked better than
96.3% of 2732 companies
in the Software industry
Industry Median: 61.815 vs HKSE:09878: 8.68

Huitongda Network Co's Days Sales Outstanding increased from Dec. 2022 (7.88) to Dec. 2023 (9.37).

Huitongda Network Co Days Sales Outstanding Historical Data

The historical data trend for Huitongda Network 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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Huitongda Network Co Days Sales Outstanding Chart

Huitongda Network Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

5.07

5.90

6.85

7.90

8.30

Huitongda Network Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial				8.01	7.40	7.88	8.43	9.37

Competitive Comparison of Huitongda Network Co's Days Sales Outstanding

For the Software - Application subindustry, Huitongda Network 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.

Huitongda Network Co's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, Huitongda Network Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Huitongda Network Co's Days Sales Outstanding falls into.

Huitongda Network 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.

Huitongda Network 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
=	( (2047.505	+	2050.605)	/	2 )	/	90162.95	*	365
=	2049.055					/	90162.95	*	365
=	8.30

Huitongda Network 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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (2335.276	+	2050.605)	/	2 )	/	42718.319	*	365 / 2
=	2192.9405					/	42718.319	*	365 / 2
=	9.37

Huitongda Network Co (HKSE:09878) Days Sales Outstanding Explanation

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

Huitongda Network Co Days Sales Outstanding Related Terms

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Huitongda Network Co (HKSE:09878) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Huitongda Network Co Ltd (HKSE:09878) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

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Address

50 Zhongling Street, Huitongda Building, Jiangsu Province, Nanjing, CHN

Website

https://www.htd.cn

Huitongda Network Co Ltd is a transaction and service platform serving corporate customers in China's retail industry, and is committed to providing high-quality goods and services for China's sinking market. In addition, Huitongda also provides store SaaS and merchant solutions to retail stores and channel cooperation customers in the industrial value chain by virtue of its digital capabilities, and provides a stable one-stop supply chain to member retail stores, including providing rich and diverse services on the platform.

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