MingZhu Logistics Holdings (MingZhu Logistics Holdings) Days Sales Outstanding : 56.33 (As of Jun. 2023)

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What is MingZhu Logistics Holdings Days Sales Outstanding?

MingZhu Logistics Holdings's average Accounts Receivable for the six months ended in Jun. 2023 was $17.3 Mil. MingZhu Logistics Holdings's Revenue for the six months ended in Jun. 2023 was $56.1 Mil. Hence, MingZhu Logistics Holdings's Days Sales Outstanding for the six months ended in Jun. 2023 was 56.33.

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

YGMZ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 36.44 Med: 108.07 Max: 157.58
Current: 64.18

During the past 6 years, MingZhu Logistics Holdings's highest Days Sales Outstanding was 157.58. The lowest was 36.44. And the median was 108.07.

YGMZ's Days Sales Outstanding is ranked worse than
70.67% of 965 companies
in the Transportation industry
Industry Median: 45.57 vs YGMZ: 64.18

MingZhu Logistics Holdings's Days Sales Outstanding increased from Jun. 2022 (40.78) to Jun. 2023 (56.33).

MingZhu Logistics Holdings Days Sales Outstanding Historical Data

The historical data trend for MingZhu Logistics Holdings'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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MingZhu Logistics Holdings Days Sales Outstanding Chart

MingZhu Logistics Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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102.73

113.41

157.58

94.56

36.44

MingZhu Logistics Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Sales Outstanding	Get a 7-Day Free Trial						74.60	72.42	40.78	72.05	56.33

Competitive Comparison of MingZhu Logistics Holdings's Days Sales Outstanding

For the Trucking subindustry, MingZhu Logistics Holdings'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.

MingZhu Logistics Holdings's Days Sales Outstanding Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, MingZhu Logistics Holdings's Days Sales Outstanding distribution charts can be found below:

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

MingZhu Logistics Holdings 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.

MingZhu Logistics Holdings'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
=	( (3.65	+	19.127)	/	2 )	/	114.074	*	365
=	11.3885					/	114.074	*	365
=	36.44

MingZhu Logistics Holdings'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
=	( (19.127	+	15.497)	/	2 )	/	56.091	*	365 / 2
=	17.312					/	56.091	*	365 / 2
=	56.33

MingZhu Logistics Holdings (NAS:YGMZ) Days Sales Outstanding Explanation

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

MingZhu Logistics Holdings Days Sales Outstanding Related Terms

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MingZhu Logistics Holdings (MingZhu Logistics Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MingZhu Logistics Holdings Ltd (NAS:YGMZ) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3018 Shayan Road, 27F, Yantian Modern Industry Service Center, Yantian District, Guangdong, Shenzhen, CHN, 518081

Website

http://www.szygmz.com

MingZhu Logistics Holdings Ltd provides transportation and logistics services. The firm offers 3A-grade trucking services in China. It operates a self-owned truckload fleet with more than 130 tractors and 90 trailers. The firm's transportation services are operated out of two terminals: Guangdong region, and Xinjiang region. The company's customers include sizeable logistics companies, freight forwarders, and warehouse operators. The firm derives its key revenue from the trucking service business.