China Hanking Holdings (HKSE:03788) Days Sales Outstanding : 23.03 (As of Dec. 2023)

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What is China Hanking Holdings Days Sales Outstanding?

China Hanking Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$212 Mil. China Hanking Holdings's Revenue for the six months ended in Dec. 2023 was HK$1,678 Mil. Hence, China Hanking Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 23.03.

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

HKSE:03788' s Days Sales Outstanding Range Over the Past 10 Years
Min: 9.73 Med: 29.66 Max: 138.91
Current: 24.19

During the past 13 years, China Hanking Holdings's highest Days Sales Outstanding was 138.91. The lowest was 9.73. And the median was 29.66.

HKSE:03788's Days Sales Outstanding is ranked better than
77.54% of 601 companies
in the Steel industry
Industry Median: 50.01 vs HKSE:03788: 24.19

China Hanking Holdings's Days Sales Outstanding declined from Dec. 2022 (25.34) to Dec. 2023 (23.03).

China Hanking Holdings Days Sales Outstanding Historical Data

The historical data trend for China Hanking 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 Hanking Holdings Days Sales Outstanding Chart

China Hanking Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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25.67

12.58

9.73

20.80

24.30

China Hanking 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															10.11	14.17	25.34	25.27	23.03

Competitive Comparison of China Hanking Holdings's Days Sales Outstanding

For the Steel subindustry, China Hanking 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 Hanking Holdings's Days Sales Outstanding Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, China Hanking Holdings's Days Sales Outstanding distribution charts can be found below:

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

China Hanking 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 Hanking 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
=	( (234.98	+	205.966)	/	2 )	/	3312.132	*	365
=	220.473					/	3312.132	*	365
=	24.30

China Hanking 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
=	( (217.608	+	205.966)	/	2 )	/	1677.962	*	365 / 2
=	211.787					/	1677.962	*	365 / 2
=	23.03

China Hanking Holdings (HKSE:03788) 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 Hanking Holdings Days Sales Outstanding Related Terms

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China Hanking Holdings (HKSE:03788) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Hanking Holdings Ltd (HKSE:03788) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 227, Qingnian Street, 22nd Floor, Hanking Tower, Shenhe District, Liaoning Province, Shenyang, CHN, 110016

Website

https://www.hankingmining.com

China Hanking Holdings Ltd is a mining company focused on the exploration, mining, processing, smelting, and marketing of mineral resources. The company organizes its operations into three segments based on its resources: iron ore, gold, and high-purity iron business. The iron ore business, which contributes the vast majority of the company's consolidated revenue, operates five mines located in the Anshan-Benxi iron ore belt of Liaoning Province in China. Its other segment includes the production and sales of building materials. Geographically, it derives the majority revenue from PRC.

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