Cheerwin Group (HKSE:06601) Days Sales Outstanding : 24.31 (As of Dec. 2023)

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What is Cheerwin Group Days Sales Outstanding?

Cheerwin Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$70 Mil. Cheerwin Group's Revenue for the six months ended in Dec. 2023 was HK$528 Mil. Hence, Cheerwin Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 24.31.

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

HKSE:06601' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.66 Med: 2.22 Max: 11.33
Current: 11.33

During the past 7 years, Cheerwin Group's highest Days Sales Outstanding was 11.33. The lowest was 1.66. And the median was 2.22.

HKSE:06601's Days Sales Outstanding is ranked better than
89.07% of 1839 companies
in the Consumer Packaged Goods industry
Industry Median: 39.18 vs HKSE:06601: 11.33

Cheerwin Group's Days Sales Outstanding declined from Dec. 2022 (44.93) to Dec. 2023 (24.31).

Cheerwin Group Days Sales Outstanding Historical Data

The historical data trend for Cheerwin Group'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.

* Premium members only.

Cheerwin Group Days Sales Outstanding Chart

Cheerwin Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

1.75

2.42

2.22

3.53

4.22

Cheerwin Group Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial						7.22	16.48	44.93	10.86	24.31

Competitive Comparison of Cheerwin Group's Days Sales Outstanding

For the Household & Personal Products subindustry, Cheerwin Group'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.

Cheerwin Group's Days Sales Outstanding Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Cheerwin Group's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Cheerwin Group's Days Sales Outstanding falls into.

Cheerwin Group 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.

Cheerwin Group'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
=	( (23.789	+	17.08)	/	2 )	/	1767.093	*	365
=	20.4345					/	1767.093	*	365
=	4.22

Cheerwin Group'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
=	( (123.622	+	17.08)	/	2 )	/	528.103	*	365 / 2
=	70.351					/	528.103	*	365 / 2
=	24.31

Cheerwin Group (HKSE:06601) Days Sales Outstanding Explanation

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

Cheerwin Group Days Sales Outstanding Related Terms

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Cheerwin Group (HKSE:06601) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cheerwin Group Ltd (HKSE:06601) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Luju Road, Liwan District, Guangdong Province, Guangzhou, CHN, 510370

Website

https://www.cheerwin.com

Cheerwin Group Ltd is an investment holding company. It is mainly manufacturing and trading of household insecticides and repellents, household cleaning, air care, personal care, pet care, and other products in China. company revenue is geographically derived from PRC.

Cheerwin Group (HKSE:06601) Headlines

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