Li Ning Co (Li Ning Co) Days Sales Outstanding : 16.14 (As of Dec. 2023)

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What is Li Ning Co Days Sales Outstanding?

Li Ning Co's average Accounts Receivable for the six months ended in Dec. 2023 was $168 Mil. Li Ning Co's Revenue for the six months ended in Dec. 2023 was $1,902 Mil. Hence, Li Ning Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 16.14.

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

LNNGY' s Days Sales Outstanding Range Over the Past 10 Years
Min: 12.46 Med: 29.05 Max: 78.81
Current: 15.2

During the past 13 years, Li Ning Co's highest Days Sales Outstanding was 78.81. The lowest was 12.46. And the median was 29.05.

LNNGY's Days Sales Outstanding is ranked better than
69.91% of 801 companies
in the Travel & Leisure industry
Industry Median: 29.83 vs LNNGY: 15.20

Li Ning Co's Days Sales Outstanding increased from Dec. 2022 (14.55) to Dec. 2023 (16.14).

Li Ning Co Days Sales Outstanding Historical Data

The historical data trend for Li Ning 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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Li Ning Co Days Sales Outstanding Chart

Li Ning Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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21.49

16.40

12.49

14.21

14.88

Li Ning Co 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															12.51	14.86	14.55	14.63	16.14

Competitive Comparison of Li Ning Co's Days Sales Outstanding

For the Leisure subindustry, Li Ning 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.

Li Ning Co's Days Sales Outstanding Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Li Ning Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Li Ning Co's Days Sales Outstanding falls into.

Li Ning 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.

Li Ning Co'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
=	( (146.355	+	168.837)	/	2 )	/	3865.227	*	365
=	157.596					/	3865.227	*	365
=	14.88

Li Ning Co'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
=	( (167.566	+	168.837)	/	2 )	/	1901.844	*	365 / 2
=	168.2015					/	1901.844	*	365 / 2
=	16.14

Li Ning Co (OTCPK:LNNGY) Days Sales Outstanding Explanation

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

Li Ning Co Days Sales Outstanding Related Terms

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Li Ning Co (Li Ning Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Li Ning Co Ltd (OTCPK:LNNGY) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

LNNGF:USA 02331:Hong Kong LNLB:Germany

Address

No. 8 Xing Guang 5th Street, Opto-Mechatronics Industrial Park, Zhongguancun Science and Technology Area, Tongzhou District, Beijing, CHN, 101111

Website

https://www.lining.com

Established in 1989, Li Ning is one of the largest sportswear companies in China. Headquartered in Beijing, Li Ning mainly sells professional and leisure footwear and apparel under the Li Ning brand. Despite having a single-brand strategy, Li Ning launched multiple sub-brands (such as China Li Ning and Li Ning 1990) to appeal to different demographics. As of the end of 2021, the company had 7,137 stores in China, of which 1,232 were directly operated, and 5,905 were franchised.

Li Ning Co (Li Ning Co) Headlines

From GuruFocus

Matthews China Fund Comments on Li Ning Co Ltd

By Vera Yuan Vera Yuan • 10-20-2014