Lets Holdings Group Co (SZSE:002398) Days Sales Outstanding : 509.12 (As of Mar. 2024)

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What is Lets Holdings Group Co Days Sales Outstanding?

Lets Holdings Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥2,904 Mil. Lets Holdings Group Co's Revenue for the three months ended in Mar. 2024 was ¥521 Mil. Hence, Lets Holdings Group Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 509.12.

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

SZSE:002398' s Days Sales Outstanding Range Over the Past 10 Years
Min: 179.22 Med: 205.06 Max: 367
Current: 367

During the past 13 years, Lets Holdings Group Co's highest Days Sales Outstanding was 367.00. The lowest was 179.22. And the median was 205.06.

SZSE:002398's Days Sales Outstanding is ranked worse than
96.6% of 382 companies
in the Building Materials industry
Industry Median: 54.48 vs SZSE:002398: 367.00

Lets Holdings Group Co's Days Sales Outstanding increased from Mar. 2023 (437.71) to Mar. 2024 (509.12).

Warning Sign:

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

Lets Holdings Group Co Days Sales Outstanding Historical Data

The historical data trend for Lets Holdings Group 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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Lets Holdings Group Co Days Sales Outstanding Chart

Lets Holdings Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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185.40

203.83

205.43

290.89

365.71

Lets Holdings Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															437.71	231.90	286.45	939.14	509.12

Competitive Comparison of Lets Holdings Group Co's Days Sales Outstanding

For the Building Materials subindustry, Lets Holdings Group 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.

Lets Holdings Group Co's Days Sales Outstanding Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Lets Holdings Group Co's Days Sales Outstanding distribution charts can be found below:

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

Lets Holdings Group 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.

Lets Holdings Group 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
=	( (3148.987	+	2979.407)	/	2 )	/	3058.208	*	365
=	3064.197					/	3058.208	*	365
=	365.71

Lets Holdings Group Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (2979.407	+	2829.189)	/	2 )	/	520.541	*	365 / 4
=	2904.298					/	520.541	*	365 / 4
=	509.12

Lets Holdings Group Co (SZSE:002398) Days Sales Outstanding Explanation

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

Lets Holdings Group Co Days Sales Outstanding Related Terms

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Lets Holdings Group Co (SZSE:002398) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Lets Holdings Group Co Ltd (SZSE:002398) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 62 Hubin South Road, Simin District, Fujian, Xiamen, CHN, 361004

Website

http://www.xmabr.com

Lets Holdings Group Co Ltd is a China-based company engaged in the comprehensive technical service of buildings, commercial concrete, concrete admixtures, autoclaved aerated concrete block, and special engineering construction. It is also an information technology and intelligent service provider.

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