WANG & LEE Group (WANG & LEE Group) Days Sales Outstanding : 89.98 (As of Jun. 2023)

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What is WANG & LEE Group Days Sales Outstanding?

WANG & LEE Group's average Accounts Receivable for the six months ended in Jun. 2023 was $0.71 Mil. WANG & LEE Group's Revenue for the six months ended in Jun. 2023 was $1.44 Mil. Hence, WANG & LEE Group's Days Sales Outstanding for the six months ended in Jun. 2023 was 89.98.

The historical rank and industry rank for WANG & LEE Group's Days Sales Outstanding or its related term are showing as below:

WLGS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 79.65 Med: 105.7 Max: 147.47
Current: 99.69

During the past 4 years, WANG & LEE Group's highest Days Sales Outstanding was 147.47. The lowest was 79.65. And the median was 105.70.

WLGS's Days Sales Outstanding is ranked worse than
65.53% of 1645 companies
in the Construction industry
Industry Median: 72.19 vs WLGS: 99.69

WANG & LEE Group's Days Sales Outstanding declined from Jun. 2022 (96.51) to Jun. 2023 (89.98).

WANG & LEE Group Days Sales Outstanding Historical Data

The historical data trend for WANG & LEE Group'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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WANG & LEE Group Days Sales Outstanding Chart

WANG & LEE Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

147.47

105.70

79.65

140.28

WANG & LEE Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial			64.05	96.51	51.38	89.98	76.57

Competitive Comparison of WANG & LEE Group's Days Sales Outstanding

For the Engineering & Construction subindustry, WANG & LEE Group'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.

WANG & LEE Group's Days Sales Outstanding Distribution in the Construction Industry

For the Construction industry and Industrials sector, WANG & LEE Group's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where WANG & LEE Group's Days Sales Outstanding falls into.

WANG & LEE Group 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.

WANG & LEE Group's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (0.749	+	1.071)	/	2 )	/	4.17	*	365
=	0.91					/	4.17	*	365
=	79.65

WANG & LEE Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding (Q: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (1.071	+	0.346)	/	2 )	/	1.437	*	365 / 2
=	0.7085					/	1.437	*	365 / 2
=	89.98

WANG & LEE Group (NAS:WLGS) Days Sales Outstanding Explanation

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

WANG & LEE Group Days Sales Outstanding Related Terms

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WANG & LEE Group (WANG & LEE Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » WANG & LEE Group Inc (NAS:WLGS) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Tai Yip Street, 5th Floor, Wing Tai Factory Building, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.wangnlee.com.hk

WANG & LEE Group Inc operates as an investment holding company. The firm conducts its primary operations through its indirectly wholly owned subsidiary WANG and LEE CONTRACTING LIMITED (WLHK). WLHK provides contract engineering, installation, and out-fitting of the following products and services: low voltage (220v/phase 1 or 380v/phase 3) electrical systems, mechanical ventilation and air-conditioning systems (MVAC), fire safety systems, and water supply and sewage disposal systems.

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