China East Education Holdings (HKSE:00667) Days Sales Outstanding : 5.12 (As of Jun. 2023)

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What is China East Education Holdings Days Sales Outstanding?

China East Education Holdings's average Accounts Receivable for the six months ended in Jun. 2023 was HK$60 Mil. China East Education Holdings's Revenue for the six months ended in Jun. 2023 was HK$2,136 Mil. Hence, China East Education Holdings's Days Sales Outstanding for the six months ended in Jun. 2023 was 5.12.

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

HKSE:00667' s Days Sales Outstanding Range Over the Past 10 Years
Min: 3.63 Med: 4.24 Max: 4.84
Current: 4.83

During the past 8 years, China East Education Holdings's highest Days Sales Outstanding was 4.84. The lowest was 3.63. And the median was 4.24.

HKSE:00667's Days Sales Outstanding is ranked better than
83.13% of 249 companies
in the Education industry
Industry Median: 28.63 vs HKSE:00667: 4.83

China East Education Holdings's Days Sales Outstanding increased from Jun. 2022 (4.68) to Jun. 2023 (5.12).

China East Education Holdings Days Sales Outstanding Historical Data

The historical data trend for China East Education 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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China East Education Holdings Days Sales Outstanding Chart

China East Education Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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3.83

4.63

4.27

4.84

4.40

China East Education Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial									4.46	4.68	4.38	5.12	4.97

Competitive Comparison of China East Education Holdings's Days Sales Outstanding

For the Education & Training Services subindustry, China East Education 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.

China East Education Holdings's Days Sales Outstanding Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, China East Education Holdings's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where China East Education Holdings's Days Sales Outstanding falls into.

China East Education 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.

China East Education Holdings's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (61.121	+	52.067)	/	2 )	/	4264.758	*	365
=	56.594					/	4264.758	*	365
=	4.84

China East Education Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding (Q: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (52.067	+	67.679)	/	2 )	/	2136.179	*	365 / 2
=	59.873					/	2136.179	*	365 / 2
=	5.12

China East Education Holdings (HKSE:00667) Days Sales Outstanding Explanation

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

China East Education Holdings Days Sales Outstanding Related Terms

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China East Education Holdings (HKSE:00667) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China East Education Holdings Ltd (HKSE:00667) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

ZX3:Germany

Address

No. 1009 Xuelin Road, Vocational Education Town, Yaohai District, Anhui Province, Hefei, CHN

Website

https://www.chinaeastedu.com

China East Education is the largest vocational training education provider in China in terms of average students enrolled. It was founded in 1988 and its business spans four segments: culinary arts, information & internet technology, auto services, and fashion & beauty. It runs schools under six brands: New East, Omick, Xinhua Internet, Wisezone, Wontone, and On-mind. It also operates customized catering experience centers under Cuisine Academy. Its average students enrolled was 142,765 as of Dec. 31, 2022. In 2022, China East Education's revenue breakdown by major businesses was 59% in culinary arts, 20% in information & internet technology, 19% in auto services.

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