China MeiDong Auto Holdings (HKSE:01268) Days Sales Outstanding : 3.26 (As of Dec. 2023)

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What is China MeiDong Auto Holdings Days Sales Outstanding?

China MeiDong Auto Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$283 Mil. China MeiDong Auto Holdings's Revenue for the six months ended in Dec. 2023 was HK$15,822 Mil. Hence, China MeiDong Auto Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 3.26.

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

HKSE:01268' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.13 Med: 3.1 Max: 3.61
Current: 3.42

During the past 12 years, China MeiDong Auto Holdings's highest Days Sales Outstanding was 3.61. The lowest was 2.13. And the median was 3.10.

HKSE:01268's Days Sales Outstanding is ranked better than
98.74% of 1269 companies
in the Vehicles & Parts industry
Industry Median: 60.76 vs HKSE:01268: 3.42

China MeiDong Auto Holdings's Days Sales Outstanding increased from Dec. 2022 (2.89) to Dec. 2023 (3.26).

China MeiDong Auto Holdings Days Sales Outstanding Historical Data

The historical data trend for China MeiDong Auto 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 MeiDong Auto Holdings Days Sales Outstanding Chart

China MeiDong Auto Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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3.15

2.45

2.37

3.04

3.59

China MeiDong Auto Holdings 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															2.22	2.93	2.89	3.40	3.26

Competitive Comparison of China MeiDong Auto Holdings's Days Sales Outstanding

For the Auto & Truck Dealerships subindustry, China MeiDong Auto 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 MeiDong Auto Holdings's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China MeiDong Auto Holdings's Days Sales Outstanding distribution charts can be found below:

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

China MeiDong Auto 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 MeiDong Auto 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
=	( (311.517	+	302.304)	/	2 )	/	31232.367	*	365
=	306.9105					/	31232.367	*	365
=	3.59

China MeiDong Auto 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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (263.329	+	302.304)	/	2 )	/	15822.474	*	365 / 2
=	282.8165					/	15822.474	*	365 / 2
=	3.26

China MeiDong Auto Holdings (HKSE:01268) 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 MeiDong Auto Holdings Days Sales Outstanding Related Terms

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China MeiDong Auto Holdings (HKSE:01268) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China MeiDong Auto Holdings Ltd (HKSE:01268) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

CMEIF:USA 55M:Germany

Address

13th Floor, Unit A1, Huangjin Road, Tian An Tech Industry Building, Nancheng, Guangdong, Dongguan, CHN

Website

http://www.meidongauto.com

China MeiDong Auto Holdings Ltd is an investment holding company, which is engaged in the sale of automobiles and the provision of integrated services. The group operates 4S dealership stores covering world-renowned brands which are popular among Chinese consumers, including BMW, Lexus, Toyota and Hyundai, and others. It derives revenue primarily from the sale of passenger vehicles and by providing after-sales services and geographically all the operations function through the region of China.

China MeiDong Auto Holdings (HKSE:01268) Headlines

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