Minshang Creative Technology Holdings (HKSE:01632) Days Sales Outstanding : 67.53 (As of Sep. 2023)

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What is Minshang Creative Technology Holdings Days Sales Outstanding?

Minshang Creative Technology Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$28.7 Mil. Minshang Creative Technology Holdings's Revenue for the six months ended in Sep. 2023 was HK$77.5 Mil. Hence, Minshang Creative Technology Holdings's Days Sales Outstanding for the six months ended in Sep. 2023 was 67.53.

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

HKSE:01632' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.01 Med: 25.78 Max: 65.5
Current: 47.83

During the past 10 years, Minshang Creative Technology Holdings's highest Days Sales Outstanding was 65.50. The lowest was 2.01. And the median was 25.78.

HKSE:01632's Days Sales Outstanding is ranked better than
80.16% of 2460 companies
in the Hardware industry
Industry Median: 74.48 vs HKSE:01632: 47.83

Minshang Creative Technology Holdings's Days Sales Outstanding increased from Sep. 2022 (4.17) to Sep. 2023 (67.53).

Minshang Creative Technology Holdings Days Sales Outstanding Historical Data

The historical data trend for Minshang Creative Technology 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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Minshang Creative Technology Holdings Days Sales Outstanding Chart

Minshang Creative Technology Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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2.01

8.59

42.96

65.50

49.54

Minshang Creative Technology Holdings Semi-Annual Data
	Mar14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial														54.50	469.33	4.17	38.02	67.53

Competitive Comparison of Minshang Creative Technology Holdings's Days Sales Outstanding

For the Electronics & Computer Distribution subindustry, Minshang Creative Technology 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.

Minshang Creative Technology Holdings's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Minshang Creative Technology Holdings's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Minshang Creative Technology Holdings's Days Sales Outstanding falls into.

Minshang Creative Technology 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.

Minshang Creative Technology 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
=	( (0.339	+	28.597)	/	2 )	/	106.589	*	365
=	14.468					/	106.589	*	365
=	49.54

Minshang Creative Technology 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
=	( (28.597	+	28.795)	/	2 )	/	77.549	*	365 / 2
=	28.696					/	77.549	*	365 / 2
=	67.53

Minshang Creative Technology Holdings (HKSE:01632) Days Sales Outstanding Explanation

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

Minshang Creative Technology Holdings Days Sales Outstanding Related Terms

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Minshang Creative Technology Holdings (HKSE:01632) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Minshang Creative Technology Holdings Ltd (HKSE:01632) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

89 Queensway, Unit 4203, 42nd Floor, Tower One Lippo Centre, Admiralty, Hong Kong, HKG

Website

http://www.minshangct.com

Minshang Creative Technology Holdings Ltd is an investment holding company. The company's operating segment includes the Vietnamese-style restaurant business in Hong Kong, Trading business in the PRC, and IT solution business. It generates maximum revenue from the Trading business segment. The Trading business segment focuses on offering 3C electronic products, frozen foods, and grain and oil products. Geographically, it derives a majority of revenue from China.

Minshang Creative Technology Holdings (HKSE:01632) Headlines

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