Advancecon Holdings Bhd (XKLS:5281) Days Sales Outstanding : 74.07 (As of Dec. 2023)

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What is Advancecon Holdings Bhd Days Sales Outstanding?

Advancecon Holdings Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM78.5 Mil. Advancecon Holdings Bhd's Revenue for the three months ended in Dec. 2023 was RM96.7 Mil. Hence, Advancecon Holdings Bhd's Days Sales Outstanding for the three months ended in Dec. 2023 was 74.07.

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

XKLS:5281' s Days Sales Outstanding Range Over the Past 10 Years
Min: 53.84 Med: 75.75 Max: 185.85
Current: 65.21

During the past 8 years, Advancecon Holdings Bhd's highest Days Sales Outstanding was 185.85. The lowest was 53.84. And the median was 75.75.

XKLS:5281's Days Sales Outstanding is ranked better than
56.95% of 1647 companies
in the Construction industry
Industry Median: 72.35 vs XKLS:5281: 65.21

Advancecon Holdings Bhd's Days Sales Outstanding declined from Dec. 2022 (76.46) to Dec. 2023 (74.07).

Advancecon Holdings Bhd Days Sales Outstanding Historical Data

The historical data trend for Advancecon Holdings Bhd'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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Advancecon Holdings Bhd Days Sales Outstanding Chart

Advancecon Holdings Bhd Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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78.75

94.92

72.75

53.84

56.29

Advancecon Holdings Bhd Quarterly Data
	Mar19	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															76.46	65.06	62.22	69.43	74.07

Competitive Comparison of Advancecon Holdings Bhd's Days Sales Outstanding

For the Engineering & Construction subindustry, Advancecon Holdings Bhd'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.

Advancecon Holdings Bhd's Days Sales Outstanding Distribution in the Construction Industry

For the Construction industry and Industrials sector, Advancecon Holdings Bhd's Days Sales Outstanding distribution charts can be found below:

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

Advancecon Holdings Bhd 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.

Advancecon Holdings Bhd'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
=	( (83.33	+	55.386)	/	2 )	/	449.765	*	365
=	69.358					/	449.765	*	365
=	56.29

Advancecon Holdings Bhd'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
=	( (101.538	+	55.386)	/	2 )	/	96.664	*	365 / 4
=	78.462					/	96.664	*	365 / 4
=	74.07

Advancecon Holdings Bhd (XKLS:5281) Days Sales Outstanding Explanation

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

Advancecon Holdings Bhd Days Sales Outstanding Related Terms

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Advancecon Holdings Bhd (XKLS:5281) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Advancecon Holdings Bhd (XKLS:5281) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 16, 18 & 20, Jalan Pekaka 8/3, Seksyen 8, Kota Damansara, Petaling Jaya, SGR, MYS, 47810

Website

https://www.advancecon.com.my

Advancecon Holdings Bhd is a construction company. It is involved in the provision of earthworks and civil engineering services, which is a sub-sector of the construction industry in Malaysia. The group's wide range of earthworks services encompasses site clearing, excavation and fill, soil investigation, rock blasting works and embankment construction. The company has following reportable segments: Construction and Support Services and Property Investments, Green Energy and Quarry Operations, Centralised Labour Quarter. It derives majority of its revenue from Construction and Support Services segment. Further, it is also involved in the New Energy division, which focuses on development and/or operation of power generation from renewable energy, solar and other renewable energy projects.

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