China Modern Dairy Holdings (HKSE:01117) Days Sales Outstanding : 39.39 (As of Dec. 2023)

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What is China Modern Dairy Holdings Days Sales Outstanding?

China Modern Dairy Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$1,611 Mil. China Modern Dairy Holdings's Revenue for the six months ended in Dec. 2023 was HK$7,465 Mil. Hence, China Modern Dairy Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 39.39.

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

HKSE:01117' s Days Sales Outstanding Range Over the Past 10 Years
Min: 34.13 Med: 43.15 Max: 83.49
Current: 41.71

During the past 13 years, China Modern Dairy Holdings's highest Days Sales Outstanding was 83.49. The lowest was 34.13. And the median was 43.15.

HKSE:01117's Days Sales Outstanding is ranked worse than
53.12% of 1843 companies
in the Consumer Packaged Goods industry
Industry Median: 39.36 vs HKSE:01117: 41.71

China Modern Dairy Holdings's Days Sales Outstanding declined from Dec. 2022 (39.56) to Dec. 2023 (39.39).

China Modern Dairy Holdings Days Sales Outstanding Historical Data

The historical data trend for China Modern Dairy 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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China Modern Dairy Holdings Days Sales Outstanding Chart

China Modern Dairy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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41.50

34.55

42.68

41.24

43.62

China Modern Dairy Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															39.81	37.05	39.56	42.15	39.39

Competitive Comparison of China Modern Dairy Holdings's Days Sales Outstanding

For the Farm Products subindustry, China Modern Dairy 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.

China Modern Dairy Holdings's Days Sales Outstanding Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China Modern Dairy Holdings's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where China Modern Dairy Holdings's Days Sales Outstanding falls into.

China Modern Dairy 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.

China Modern Dairy Holdings'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
=	( (1823.779	+	1694.394)	/	2 )	/	14720.32	*	365
=	1759.0865					/	14720.32	*	365
=	43.62

China Modern Dairy Holdings'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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (1527.718	+	1694.394)	/	2 )	/	7464.823	*	365 / 2
=	1611.056					/	7464.823	*	365 / 2
=	39.39

China Modern Dairy Holdings (HKSE:01117) Days Sales Outstanding Explanation

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

China Modern Dairy Holdings Days Sales Outstanding Related Terms

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China Modern Dairy Holdings (HKSE:01117) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Modern Dairy Holdings Ltd (HKSE:01117) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

07M:Germany

Address

Economic and Technological Development Zone, Danyang Town, Bowang District, Anhui Province, Maanshan City, CHN

Website

http://www.moderndairyir.com

China Modern Dairy Holdings Ltd operates in the Chinese food industry. Its primary business includes the production of milk and its revenue mainly depends on the sale of raw milk. The company produces and sells raw milk to customers for processing into dairy products and Liquid Milk products business which relates to its sale of liquid milk products.

Executives

Bank Of China Limited	2201 Interest of corporation controlled by you
Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
Boc International Holdings Limited	2201 Interest of corporation controlled by you
Boci Financial Products Limited	2101 Beneficial owner
Mgd Holdings	2101 Beneficial owner
China Mengniu Dairy Company Limited	2201 Interest of corporation controlled by you
Ggg Holdings Limited	2101 Beneficial owner
Liu Chang	2201 Interest of corporation controlled by you
New Century Ltd.	2201 Interest of corporation controlled by you
Xin Xi Wang Ru Ye Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

China Modern Dairy Holdings (HKSE:01117) Headlines

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