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HK Electric Investments and HK Electric Investments (HKSE:02638) Days Sales Outstanding : 28.13 (As of Dec. 2023)


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What is HK Electric Investments and HK Electric Investments Days Sales Outstanding?

HK Electric Investments and HK Electric Investments's average Accounts Receivable for the six months ended in Dec. 2023 was HK$952 Mil. HK Electric Investments and HK Electric Investments's Revenue for the six months ended in Dec. 2023 was HK$6,177 Mil. Hence, HK Electric Investments and HK Electric Investments's Days Sales Outstanding for the six months ended in Dec. 2023 was 28.13.

The historical rank and industry rank for HK Electric Investments and HK Electric Investments's Days Sales Outstanding or its related term are showing as below:

HKSE:02638' s Days Sales Outstanding Range Over the Past 10 Years
Min: 17.27   Med: 19.97   Max: 28.96
Current: 28.96

During the past 11 years, HK Electric Investments and HK Electric Investments's highest Days Sales Outstanding was 28.96. The lowest was 17.27. And the median was 19.97.

HKSE:02638's Days Sales Outstanding is ranked better than
83.17% of 505 companies
in the Utilities - Regulated industry
Industry Median: 53.57 vs HKSE:02638: 28.96

HK Electric Investments and HK Electric Investments's Days Sales Outstanding increased from Dec. 2022 (26.39) to Dec. 2023 (28.13).


HK Electric Investments and HK Electric Investments Days Sales Outstanding Historical Data

The historical data trend for HK Electric Investments and HK Electric Investments'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.

* Premium members only.

HK Electric Investments and HK Electric Investments Days Sales Outstanding Chart

HK Electric Investments and HK Electric Investments Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.29 17.27 17.39 24.04 24.56

HK Electric Investments and HK Electric Investments 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.00 28.09 26.39 34.74 28.13

Competitive Comparison of HK Electric Investments and HK Electric Investments's Days Sales Outstanding

For the Utilities - Regulated Electric subindustry, HK Electric Investments and HK Electric Investments'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.


HK Electric Investments and HK Electric Investments's Days Sales Outstanding Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, HK Electric Investments and HK Electric Investments's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where HK Electric Investments and HK Electric Investments's Days Sales Outstanding falls into.



HK Electric Investments and HK Electric Investments 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.

HK Electric Investments and HK Electric Investments'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
=( (811 + 724) / 2 ) / 11406*365
=767.5 / 11406*365
=24.56

HK Electric Investments and HK Electric Investments'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
=( (1180 + 724) / 2 ) / 6177*365 / 2
=952 / 6177*365 / 2
=28.13

* 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.


HK Electric Investments and HK Electric Investments  (HKSE:02638) Days Sales Outstanding Explanation

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


HK Electric Investments and HK Electric Investments Days Sales Outstanding Related Terms

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HK Electric Investments and HK Electric Investments (HKSE:02638) Business Description

Traded in Other Exchanges
Address
44 Kennedy Road, Hong Kong Electric Centre, Hong Kong, HKG
HK ELECTRIC INVESTMENTS LIMITED is a fixed single investment trust in Hong Kong with a focus on the power industry. The Company is a vertically integrated power utility and its operations comprise the generation, transmission, distribution and supply of electricity to Hong Kong Island and Lamma Island. Its principal operating subsidiary is The Hongkong Electric Company, Limited (HEC). HEC's sole power generation facility is the Lamma Power Station which has an aggregate installed capacity of approximately 3,700 megawatt (MW). The Company provides electricity to approximately 568,000 registered customers on Hong Kong Island and Lamma Island.

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