Wealth Glory Holdings (HKSE:08269) Days Sales Outstanding : 527.57 (As of Sep. 2023)

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What is Wealth Glory Holdings Days Sales Outstanding?

Wealth Glory Holdings's average Accounts Receivable for the three months ended in Sep. 2023 was HK$29.52 Mil. Wealth Glory Holdings's Revenue for the three months ended in Sep. 2023 was HK$5.11 Mil. Hence, Wealth Glory Holdings's Days Sales Outstanding for the three months ended in Sep. 2023 was 527.57.

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

HKSE:08269' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.8 Med: 32.62 Max: 360.23
Current: 360.23

During the past 13 years, Wealth Glory Holdings's highest Days Sales Outstanding was 360.23. The lowest was 6.80. And the median was 32.62.

HKSE:08269's Days Sales Outstanding is ranked worse than
95.56% of 496 companies
in the Conglomerates industry
Industry Median: 61.035 vs HKSE:08269: 360.23

Wealth Glory Holdings's Days Sales Outstanding increased from Sep. 2022 (211.31) to Sep. 2023 (527.57).

Warning Sign:

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

Wealth Glory Holdings Days Sales Outstanding Historical Data

The historical data trend for Wealth Glory 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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Wealth Glory Holdings Days Sales Outstanding Chart

Wealth Glory Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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46.68

150.04

237.04

218.11

221.41

Wealth Glory Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															211.31	221.62	970.79	286.77	527.57

Competitive Comparison of Wealth Glory Holdings's Days Sales Outstanding

For the Conglomerates subindustry, Wealth Glory 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.

Wealth Glory Holdings's Days Sales Outstanding Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Wealth Glory Holdings's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Wealth Glory Holdings's Days Sales Outstanding falls into.

Wealth Glory 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.

Wealth Glory 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
=	( (29.674	+	28.778)	/	2 )	/	48.179	*	365
=	29.226					/	48.179	*	365
=	221.41

Wealth Glory 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: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (0	+	29.521)	/	1 )	/	5.106	*	365 / 4
=	29.521					/	5.106	*	365 / 4
=	527.57

Wealth Glory Holdings (HKSE:08269) Days Sales Outstanding Explanation

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

Wealth Glory Holdings Days Sales Outstanding Related Terms

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Wealth Glory Holdings (HKSE:08269) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Wealth Glory Holdings Ltd (HKSE:08269) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

70 Queen’s Road Central, Room 1104, Crawford House, Central, Hong Kong, HKG, +852 2548-1838

Website

http://www.wealthglory.com

Wealth Glory Holdings Ltd is engaged in the trading of natural resources and commodities. The company operates through four segments. The Natural resources and commodities segment is involved in the trading of natural resources and commodities, including iron ore concentrates, coal, and crude palm oil. The Money lending segment includes interest income from the money lending business. The Securities investment segment is involved in the investment in securities in Hong Kong. The Trading of Consumer Products segment is involved in the trading of trendy fashion merchandise and other consumer products. Its geographical segments are Hong Kong and China, of which the majority of its revenue comes from China. In the company's Securities Investment segment company is focuses on listed securities.

Wealth Glory Holdings (HKSE:08269) Headlines

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