New Momentum (New Momentum) Days Sales Outstanding : 0.00 (As of Dec. 2023)

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What is New Momentum Days Sales Outstanding?

New Momentum's average Accounts Receivable for the three months ended in Dec. 2023 was $0.00 Mil. New Momentum's Revenue for the three months ended in Dec. 2023 was $-0.02 Mil.

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

NNAX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.53 Med: 6.23 Max: 25.07
Current: 14.52

During the past 5 years, New Momentum's highest Days Sales Outstanding was 25.07. The lowest was 1.53. And the median was 6.23.

NNAX's Days Sales Outstanding is ranked better than
70.65% of 804 companies
in the Travel & Leisure industry
Industry Median: 29.25 vs NNAX: 14.52

New Momentum's Days Sales Outstanding declined from Dec. 2022 (4.72) to Dec. 2023 (0.00).

New Momentum Days Sales Outstanding Historical Data

The historical data trend for New Momentum'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.

New Momentum Days Sales Outstanding Chart

New Momentum Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

1.53

4.52

7.93

25.07

New Momentum Quarterly Data
	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														4.72	10.67	8.15	10.95	-

Competitive Comparison of New Momentum's Days Sales Outstanding

For the Travel Services subindustry, New Momentum'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.

New Momentum's Days Sales Outstanding Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, New Momentum's Days Sales Outstanding distribution charts can be found below:

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

New Momentum 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.

New Momentum'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
=	( (0.024	+	0.001)	/	2 )	/	0.182	*	365
=	0.0125					/	0.182	*	365
=	25.07

New Momentum'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
=	( (0.001	+	0.001)	/	2 )	/	-0.024	*	365 / 4
=	0.001					/	-0.024	*	365 / 4
=	N/A

New Momentum (OTCPK:NNAX) Days Sales Outstanding Explanation

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

New Momentum Days Sales Outstanding Related Terms

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New Momentum (New Momentum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » New Momentum Corp (OTCPK:NNAX) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Cecil Street, No.08-01, Singapore, SGP, 069543

Website

https://www.gagfare.com

New Momentum Corp develops and operates an online ticketing platform named Gagfare.com, which provides a ticketing system for individuals and agencies to search, book, and issue flight tickets and other services. It also offers its services through its app. The company records its revenue from booking income upon the ticket booking service is rendered to travelers. It also records its revenue from the sale of air tickets upon the confirmation and issuance of tickets to the travelers.

Executives

Leung Tin Lung David	director, 10 percent owner, officer: President, Sec. and Treasurer	112 NORTH CURRY STREET, CARSON CITY NV 89703
Kin Hon Chu	director, 10 percent owner	UNIT 19, 35/F., TOWER 1, MILLENNIUM CITY 1, NO. 388 KWUN TONG ROA, KWUN TONG, KOWLOON K3 00000
Michael Vardakis	director	234 7TH AVE, SALT LAKE CITY UT 84103
Amee Han Lombardi	director, 10 percent owner, officer: Pres; Sec; Treasurer	5925 STARCREST AVENUE, RENO NV 89523

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