Huazhong In-Vehicle Holdings Co (HKSE:06830) Days Sales Outstanding : 107.84 (As of Dec. 2023)

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What is Huazhong In-Vehicle Holdings Co Days Sales Outstanding?

Huazhong In-Vehicle Holdings Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$637 Mil. Huazhong In-Vehicle Holdings Co's Revenue for the six months ended in Dec. 2023 was HK$1,078 Mil. Hence, Huazhong In-Vehicle Holdings Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 107.84.

The historical rank and industry rank for Huazhong In-Vehicle Holdings Co's Days Sales Outstanding or its related term are showing as below:

HKSE:06830' s Days Sales Outstanding Range Over the Past 10 Years
Min: 86.79 Med: 109.33 Max: 129.2
Current: 114.46

During the past 13 years, Huazhong In-Vehicle Holdings Co's highest Days Sales Outstanding was 129.20. The lowest was 86.79. And the median was 109.33.

HKSE:06830's Days Sales Outstanding is ranked worse than
89.82% of 1267 companies
in the Vehicles & Parts industry
Industry Median: 59.96 vs HKSE:06830: 114.46

Huazhong In-Vehicle Holdings Co's Days Sales Outstanding increased from Dec. 2022 (100.02) to Dec. 2023 (107.84).

Huazhong In-Vehicle Holdings Co Days Sales Outstanding Historical Data

The historical data trend for Huazhong In-Vehicle Holdings 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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Huazhong In-Vehicle Holdings Co Days Sales Outstanding Chart

Huazhong In-Vehicle Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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109.01

117.59

129.20

126.91

120.40

Huazhong In-Vehicle Holdings 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															130.41	165.04	100.02	115.64	107.84

Competitive Comparison of Huazhong In-Vehicle Holdings Co's Days Sales Outstanding

For the Auto Parts subindustry, Huazhong In-Vehicle Holdings 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.

Huazhong In-Vehicle Holdings Co's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Huazhong In-Vehicle Holdings Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Huazhong In-Vehicle Holdings Co's Days Sales Outstanding falls into.

Huazhong In-Vehicle Holdings 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.

Huazhong In-Vehicle Holdings 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
=	( (629.967	+	705.53)	/	2 )	/	2024.269	*	365
=	667.7485					/	2024.269	*	365
=	120.40

Huazhong In-Vehicle Holdings 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
=	( (568.817	+	705.53)	/	2 )	/	1078.302	*	365 / 2
=	637.1735					/	1078.302	*	365 / 2
=	107.84

Huazhong In-Vehicle Holdings Co (HKSE:06830) Days Sales Outstanding Explanation

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

Huazhong In-Vehicle Holdings Co Days Sales Outstanding Related Terms

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Huazhong In-Vehicle Holdings Co (HKSE:06830) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Huazhong In-Vehicle Holdings Co Ltd (HKSE:06830) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 104 Zhenan Road, Xiangshan County, Zhejiang Province, Xizhou, CHN

Website

https://www.cn-huazhong.com

Huazhong In-Vehicle Holdings Co Ltd is an investment holding company, which acts as a supplier of automobile body parts. The business activity of the group includes manufacturing and sale of decorative and structural automobile parts, molds and tooling, casing, and the liquid tank of air conditioning or heater units and other non-automobile products. Geographically it operates through the region of China and derives revenue from the sale of automobile body parts.

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