Solartech International Holdings (HKSE:01166) Days Sales Outstanding : 19.11 (As of Dec. 2023)

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What is Solartech International Holdings Days Sales Outstanding?

Solartech International Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$59.4 Mil. Solartech International Holdings's Revenue for the six months ended in Dec. 2023 was HK$567.6 Mil. Hence, Solartech International Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 19.11.

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

HKSE:01166' s Days Sales Outstanding Range Over the Past 10 Years
Min: 57.99 Med: 99.83 Max: 211.94
Current: 57.99

During the past 13 years, Solartech International Holdings's highest Days Sales Outstanding was 211.94. The lowest was 57.99. And the median was 99.83.

HKSE:01166's Days Sales Outstanding is ranked better than
73.93% of 2957 companies
in the Industrial Products industry
Industry Median: 79.63 vs HKSE:01166: 57.99

Solartech International Holdings's Days Sales Outstanding declined from Dec. 2022 (146.03) to Dec. 2023 (19.11).

Solartech International Holdings Days Sales Outstanding Historical Data

The historical data trend for Solartech International 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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Solartech International Holdings Days Sales Outstanding Chart

Solartech International Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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163.08

64.53

59.47

61.40

64.19

Solartech International 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															143.92	185.05	146.03	149.73	19.11

Competitive Comparison of Solartech International Holdings's Days Sales Outstanding

For the Electrical Equipment & Parts subindustry, Solartech International 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.

Solartech International Holdings's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Solartech International Holdings's Days Sales Outstanding distribution charts can be found below:

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

Solartech International 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.

Solartech International Holdings's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (74.017	+	57.642)	/	2 )	/	374.316	*	365
=	65.8295					/	374.316	*	365
=	64.19

Solartech International 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
=	( (57.642	+	61.22)	/	2 )	/	567.572	*	365 / 2
=	59.431					/	567.572	*	365 / 2
=	19.11

Solartech International Holdings (HKSE:01166) Days Sales Outstanding Explanation

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

Solartech International Holdings Days Sales Outstanding Related Terms

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Solartech International Holdings (HKSE:01166) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Solartech International Holdings Ltd (HKSE:01166) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

SWP7:Germany

Address

1 Science Museum Road, Unit 16, 12/F, Concordia Plaza, Tsim Sha Tsui, Kowloon, HKG

Website

http://www.1166hk.com

Solartech International Holdings Ltd is an investment holding company. Its operations are divided into three business segments: manufacture and trading of cables and wires; trading of copper rods; and investment properties. It derives most of its revenue from the cables and wires segment in the People's Republic of China and also has a presence in the Americas, Europe, Hong Kong, and Other Asian regions.

Solartech International Holdings (HKSE:01166) Headlines

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