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Guangdong Hongda Holdings Group Co (SZSE:002683) Days Sales Outstanding : 92.67 (As of Mar. 2024)


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What is Guangdong Hongda Holdings Group Co Days Sales Outstanding?

Guangdong Hongda Holdings Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥2,226 Mil. Guangdong Hongda Holdings Group Co's Revenue for the three months ended in Mar. 2024 was ¥2,191 Mil. Hence, Guangdong Hongda Holdings Group Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 92.67.

The historical rank and industry rank for Guangdong Hongda Holdings Group Co's Days Sales Outstanding or its related term are showing as below:

SZSE:002683' s Days Sales Outstanding Range Over the Past 10 Years
Min: 69.08   Med: 102.24   Max: 133.87
Current: 74.32

During the past 13 years, Guangdong Hongda Holdings Group Co's highest Days Sales Outstanding was 133.87. The lowest was 69.08. And the median was 102.24.

SZSE:002683's Days Sales Outstanding is ranked worse than
61.7% of 1522 companies
in the Chemicals industry
Industry Median: 63.96 vs SZSE:002683: 74.32

Guangdong Hongda Holdings Group Co's Days Sales Outstanding declined from Mar. 2023 (105.32) to Mar. 2024 (92.67).


Guangdong Hongda Holdings Group Co Days Sales Outstanding Historical Data

The historical data trend for Guangdong Hongda Holdings Group 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.

* Premium members only.

Guangdong Hongda Holdings Group Co Days Sales Outstanding Chart

Guangdong Hongda Holdings Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 102.80 101.67 72.04 69.96 69.08

Guangdong Hongda Holdings Group Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 105.32 76.38 78.63 59.69 92.67

Competitive Comparison of Guangdong Hongda Holdings Group Co's Days Sales Outstanding

For the Specialty Chemicals subindustry, Guangdong Hongda Holdings Group 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.


Guangdong Hongda Holdings Group Co's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Guangdong Hongda Holdings Group Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Guangdong Hongda Holdings Group Co's Days Sales Outstanding falls into.



Guangdong Hongda Holdings Group 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.

Guangdong Hongda Holdings Group 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
=( (2199.998 + 2169.071) / 2 ) / 11542.604*365
=2184.5345 / 11542.604*365
=69.08

Guangdong Hongda Holdings Group Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding (Q: Mar. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count ) / Revenue (A: Mar. 2024 )*Days in Period
=( (2169.071 + 2282.178) / 2 ) / 2191.457*365 / 4
=2225.6245 / 2191.457*365 / 4
=92.67

* 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.


Guangdong Hongda Holdings Group Co  (SZSE:002683) Days Sales Outstanding Explanation

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


Guangdong Hongda Holdings Group Co Days Sales Outstanding Related Terms

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Guangdong Hongda Holdings Group Co (SZSE:002683) Business Description

Traded in Other Exchanges
N/A
Address
49 Huaxia Road Zhujiang, Zhujiang New Town, CHN
Guangdong Hongda Holdings Group Co Ltd, formerly Guangdong Hongda Blasting Co Ltd is an integrated mining and explosive service provider. The current business involves the construction and operation of open pit mines and underground. In addition, the company is engaged in the high-tech research and development and application of mine investment construction and operation, civil explosion capacity investment construction and operation, and blasting business.
Executives
Wang Yong Qing Director
Liang Fa Executives
Zhao Guo Wen Secretary Dong
Zheng Ming Chai Director
Qiu Guan Zhou Independent director
Fang Jian Ning Director
Xiao Mei Supervisors
Li Zhan Jun Executives
Fang Jian Min Executives
Zhang Han Ping Executives

Guangdong Hongda Holdings Group Co (SZSE:002683) Headlines

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