Hang Tai Yue Group Holdings (HKSE:08081) Days Sales Outstanding : 16.08 (As of Dec. 2023)

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What is Hang Tai Yue Group Holdings Days Sales Outstanding?

Hang Tai Yue Group Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was HK$3.43 Mil. Hang Tai Yue Group Holdings's Revenue for the three months ended in Dec. 2023 was HK$19.44 Mil. Hence, Hang Tai Yue Group Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 16.08.

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

HKSE:08081' s Days Sales Outstanding Range Over the Past 10 Years
Min: 13.65 Med: 65.06 Max: 222.4
Current: 14.86

During the past 13 years, Hang Tai Yue Group Holdings's highest Days Sales Outstanding was 222.40. The lowest was 13.65. And the median was 65.06.

HKSE:08081's Days Sales Outstanding is ranked better than
93.95% of 2728 companies
in the Software industry
Industry Median: 61.85 vs HKSE:08081: 14.86

Hang Tai Yue Group Holdings's Days Sales Outstanding increased from Dec. 2022 (14.30) to Dec. 2023 (16.08).

Hang Tai Yue Group Holdings Days Sales Outstanding Historical Data

The historical data trend for Hang Tai Yue Group 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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Hang Tai Yue Group Holdings Days Sales Outstanding Chart

Hang Tai Yue Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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24.74

59.74

29.57

13.65

18.13

Hang Tai Yue Group Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															14.30	13.61	9.47	12.38	16.08

Competitive Comparison of Hang Tai Yue Group Holdings's Days Sales Outstanding

For the Information Technology Services subindustry, Hang Tai Yue Group 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.

Hang Tai Yue Group Holdings's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, Hang Tai Yue Group Holdings's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Hang Tai Yue Group Holdings's Days Sales Outstanding falls into.

Hang Tai Yue Group 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.

Hang Tai Yue Group Holdings'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
=	( (2.989	+	3.426)	/	2 )	/	64.587	*	365
=	3.2075					/	64.587	*	365
=	18.13

Hang Tai Yue Group Holdings'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: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0	+	3.426)	/	1 )	/	19.44	*	365 / 4
=	3.426					/	19.44	*	365 / 4
=	16.08

Hang Tai Yue Group Holdings (HKSE:08081) Days Sales Outstanding Explanation

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

Hang Tai Yue Group Holdings Days Sales Outstanding Related Terms

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Hang Tai Yue Group Holdings (HKSE:08081) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hang Tai Yue Group Holdings Ltd (HKSE:08081) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 241-243 Nathan Road, 9th Floor, HKHC Tower, Kowloon, Hong Kong, HKG

Website

https://www.hangtaiyue.com

Hang Tai Yue Group Holdings Ltd is an investment holding company mainly engaged in the mobile internet cultural business and provision of information technology (IT) services. The Company operates its business through four segments. The Mobile Internet Cultural Business and Provision of IT Services segment is engaged in the provision of enterprise software applications and platform, as well as mobile internet applications and platform development outsourcing services, mainframe downsizing, application localization and systems integration. The Provision of Hospitality and Related Services in Australia segment is engaged in the hospitality business through its granges and resorts in Australia. The Money lending Business segment is engaged in the money lending business in Hong Kong.

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