Kwong Luen Engineering Holdings (HKSE:01413) Days Sales Outstanding : 23.21 (As of Sep. 2023)

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What is Kwong Luen Engineering Holdings Days Sales Outstanding?

Kwong Luen Engineering Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$33.7 Mil. Kwong Luen Engineering Holdings's Revenue for the six months ended in Sep. 2023 was HK$265.3 Mil. Hence, Kwong Luen Engineering Holdings's Days Sales Outstanding for the six months ended in Sep. 2023 was 23.21.

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

HKSE:01413' s Days Sales Outstanding Range Over the Past 10 Years
Min: 28.71 Med: 33.51 Max: 41.02
Current: 28.71

During the past 6 years, Kwong Luen Engineering Holdings's highest Days Sales Outstanding was 41.02. The lowest was 28.71. And the median was 33.51.

HKSE:01413's Days Sales Outstanding is ranked better than
89.76% of 1641 companies
in the Construction industry
Industry Median: 73.38 vs HKSE:01413: 28.71

Kwong Luen Engineering Holdings's Days Sales Outstanding declined from Sep. 2022 (34.32) to Sep. 2023 (23.21).

Kwong Luen Engineering Holdings Days Sales Outstanding Historical Data

The historical data trend for Kwong Luen Engineering 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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Kwong Luen Engineering Holdings Days Sales Outstanding Chart

Kwong Luen Engineering Holdings Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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37.77

41.02

34.78

31.04

29.80

Kwong Luen Engineering Holdings Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial					21.98	38.57	34.32	21.01	23.21

Competitive Comparison of Kwong Luen Engineering Holdings's Days Sales Outstanding

For the Engineering & Construction subindustry, Kwong Luen Engineering 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.

Kwong Luen Engineering Holdings's Days Sales Outstanding Distribution in the Construction Industry

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

* The bar in red indicates where Kwong Luen Engineering Holdings's Days Sales Outstanding falls into.

Kwong Luen Engineering 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.

Kwong Luen Engineering Holdings's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (51.106	+	4.131)	/	2 )	/	338.318	*	365
=	27.6185					/	338.318	*	365
=	29.80

Kwong Luen Engineering Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (4.131	+	63.347)	/	2 )	/	265.294	*	365 / 2
=	33.739					/	265.294	*	365 / 2
=	23.21

Kwong Luen Engineering Holdings (HKSE:01413) Days Sales Outstanding Explanation

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

Kwong Luen Engineering Holdings Days Sales Outstanding Related Terms

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Kwong Luen Engineering Holdings (HKSE:01413) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kwong Luen Engineering Holdings Ltd (HKSE:01413) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Sha Tsui Road, Unit 2909-2910, 29th Floor, The Octagon, Tsuen Wan, New Territories, Hong Kong, HKG

Website

https://www.kwong-luen.com.hk

Kwong Luen Engineering Holdings Ltd is a foundation works contractor in Hong Kong. The foundation work of the company is mainly comprised of excavation and lateral support works and other associated works including pile cap construction, underground drainage work, and site formation works. The group's operations are located in Hong Kong.

Executives

Kwong Luen Prosperity Limited	2101 Beneficial owner
Kwan Chui Ling	2201 Interest of corporation controlled by you
Yip Kwong Cheung	2201 Interest of corporation controlled by you
Ma Wenkui
Lin Tongbing
Yang Zhenwei

Kwong Luen Engineering Holdings (HKSE:01413) Headlines

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