Virtual Mind Holding Co (HKSE:01520) Days Sales Outstanding : 202.23 (As of Dec. 2023)

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What is Virtual Mind Holding Co Days Sales Outstanding?

Virtual Mind Holding Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$38.12 Mil. Virtual Mind Holding Co's Revenue for the six months ended in Dec. 2023 was HK$34.40 Mil. Hence, Virtual Mind Holding Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 202.23.

The historical rank and industry rank for Virtual Mind Holding Co's Days Sales Outstanding or its related term are showing as below:

HKSE:01520' s Days Sales Outstanding Range Over the Past 10 Years
Min: 41.31 Med: 61.3 Max: 211.49
Current: 211.49

During the past 12 years, Virtual Mind Holding Co's highest Days Sales Outstanding was 211.49. The lowest was 41.31. And the median was 61.30.

HKSE:01520's Days Sales Outstanding is ranked worse than
93.78% of 1029 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.32 vs HKSE:01520: 211.49

Virtual Mind Holding Co's Days Sales Outstanding increased from Dec. 2022 (80.78) to Dec. 2023 (202.23).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Virtual Mind Holding Co Days Sales Outstanding Historical Data

The historical data trend for Virtual Mind Holding Co'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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Virtual Mind Holding Co Days Sales Outstanding Chart

Virtual Mind Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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41.31

64.10

60.85

135.52

194.60

Virtual Mind Holding Co 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															36.09	185.45	80.78	238.99	202.23

Competitive Comparison of Virtual Mind Holding Co's Days Sales Outstanding

For the Apparel Manufacturing subindustry, Virtual Mind Holding Co'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.

Virtual Mind Holding Co's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Virtual Mind Holding Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Virtual Mind Holding Co's Days Sales Outstanding falls into.

Virtual Mind Holding Co 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.

Virtual Mind Holding Co'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
=	( (39.065	+	31.662)	/	2 )	/	66.328	*	365
=	35.3635					/	66.328	*	365
=	194.60

Virtual Mind Holding Co'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
=	( (44.568	+	31.662)	/	2 )	/	34.396	*	365 / 2
=	38.115					/	34.396	*	365 / 2
=	202.23

Virtual Mind Holding Co (HKSE:01520) Days Sales Outstanding Explanation

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

Virtual Mind Holding Co Days Sales Outstanding Related Terms

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Virtual Mind Holding Co (HKSE:01520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Virtual Mind Holding Co Ltd (HKSE:01520) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

538 Castle Peak Road, Room 2511-15, 25 Floor, Peninsula Tower, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.vmh.com.hk

Virtual Mind Holding Co Ltd is engaged in designing, manufacturing, and trading apparel; provision of money lending business, namely money lending operation; selling of gaming and animated characters related products, namely IP application and products operation. It offers women's fashion outerwear such as coats and jackets, dresses, activewear, and pants. Majority of the revenue is generated from the Design, manufacture, and trading of the apparel segment. Geographically, it derives the majority of revenue from The PRC and also has a presence in Hong Kong and The USA.

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