Chongqing Hongjiu Fruit Co (HKSE:06689) Days Sales Outstanding

: 176.37 (As of Jun. 2023)

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Chongqing Hongjiu Fruit Co's average Accounts Receivable for the six months ended in Jun. 2023 was HK$9,024 Mil. Chongqing Hongjiu Fruit Co's Revenue for the six months ended in Jun. 2023 was HK$9,338 Mil. Hence, Chongqing Hongjiu Fruit Co's Days Sales Outstanding for the six months ended in Jun. 2023 was 176.37.

The historical rank and industry rank for Chongqing Hongjiu Fruit Co's Days Sales Outstanding or its related term are showing as below:

HKSE:06689' s Days Sales Outstanding Range Over the Past 10 Years
Min: 84.59 Med: 112.39 Max: 169.11
Current: 169.11

During the past 4 years, Chongqing Hongjiu Fruit Co's highest Days Sales Outstanding was 169.11. The lowest was 84.59. And the median was 112.39.

HKSE:06689's Days Sales Outstanding is ranked worse than
96.41% of 306 companies
in the Retail - Defensive industry
Industry Median: 23.52 vs HKSE:06689: 169.11

Chongqing Hongjiu Fruit Co's Days Sales Outstanding increased from Jun. 2022 (128.18) to Jun. 2023 (176.37).

Warning Sign:

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

Chongqing Hongjiu Fruit Co Days Sales Outstanding Historical Data

The historical data trend for Chongqing Hongjiu Fruit 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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Chongqing Hongjiu Fruit Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

124.40

84.59

100.37

141.98

Chongqing Hongjiu Fruit Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Sales Outstanding			66.46	139.13	128.18	162.84	176.37

Competitive Comparison

For the Food Distribution subindustry, Chongqing Hongjiu Fruit 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.

Chongqing Hongjiu Fruit Co Days Sales Outstanding Distribution

For the Retail - Defensive industry and Consumer Defensive sector, Chongqing Hongjiu Fruit Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Chongqing Hongjiu Fruit Co's Days Sales Outstanding falls into.

Chongqing Hongjiu Fruit 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.

Chongqing Hongjiu Fruit Co'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
=	( (4539.441	+	8562.164)	/	2 )	/	16840.668	*	365
=	6550.8025					/	16840.668	*	365
=	141.98

Chongqing Hongjiu Fruit Co'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
=	( (8562.164	+	9486.301)	/	2 )	/	9338.135	*	365 / 2
=	9024.2325					/	9338.135	*	365 / 2
=	176.37

Chongqing Hongjiu Fruit Co (HKSE:06689) Days Sales Outstanding Explanation

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

Chongqing Hongjiu Fruit Co Days Sales Outstanding Related Terms

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Chongqing Hongjiu Fruit Co (HKSE:06689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Chongqing Hongjiu Fruit Co Ltd (HKSE:06689) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Donghu South Road, 22nd Floor, Block B, Zhongtiefenghui, Yubei District, Chongqing, CHN

Website

https://www.hjfruit.com

Chongqing Hongjiu Fruit Co Ltd is a fast-growing and multi-brand fruit company in China with an end-to-end supply chain. It focuses on managing the entire supply chain for quality fruits primarily grown in China, Thailand and Vietnam.

Chongqing Hongjiu Fruit Co (HKSE:06689) Headlines

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