China Evergrande Group (China Evergrande Group) Days Sales Outstanding : 327.52 (As of Jun. 2023)

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What is China Evergrande Group Days Sales Outstanding?

China Evergrande Group's average Accounts Receivable for the six months ended in Jun. 2023 was $32,121 Mil. China Evergrande Group's Revenue for the six months ended in Jun. 2023 was $17,899 Mil. Hence, China Evergrande Group's Days Sales Outstanding for the six months ended in Jun. 2023 was 327.52.

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

EGRNQ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 15.07 Med: 70.44 Max: 307.82
Current: 307.82

During the past 13 years, China Evergrande Group's highest Days Sales Outstanding was 307.82. The lowest was 15.07. And the median was 70.44.

EGRNQ's Days Sales Outstanding is ranked worse than
92.93% of 1668 companies
in the Real Estate industry
Industry Median: 36.255 vs EGRNQ: 307.82

China Evergrande Group's Days Sales Outstanding increased from Jun. 2022 (28.24) to Jun. 2023 (327.52).

Warning Sign:

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

China Evergrande Group Days Sales Outstanding Historical Data

The historical data trend for China Evergrande Group'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 Evergrande Group Days Sales Outstanding Chart

China Evergrande Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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97.57

65.24

66.17

110.35

193.00

China Evergrande Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Sales Outstanding	Get a 7-Day Free Trial															74.12	181.77	28.24	296.74	327.52

Competitive Comparison of China Evergrande Group's Days Sales Outstanding

For the Real Estate - Development subindustry, China Evergrande Group'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 Evergrande Group's Days Sales Outstanding Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Evergrande Group's Days Sales Outstanding distribution charts can be found below:

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

China Evergrande Group 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 Evergrande Group'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
=	( (2063.649	+	32834.316)	/	2 )	/	33000.129	*	365
=	17448.9825					/	33000.129	*	365
=	193.00

China Evergrande Group'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
=	( (32834.316	+	31408.663)	/	2 )	/	17898.875	*	365 / 2
=	32121.4895					/	17898.875	*	365 / 2
=	327.52

China Evergrande Group (OTCPK:EGRNQ) 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 Evergrande Group Days Sales Outstanding Related Terms

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China Evergrande Group (China Evergrande Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Evergrande Group (OTCPK:EGRNQ) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

03333:Hong Kong EV1:Germany

Address

Number. 78 Huangpu Avenue West, Tianhe District, Guangdong Province, Guangzhou, CHN, 510620

Website

https://www.evergrande.com

China Evergrande Group is a large real estate developer. In 2019, it was ranked in third place by sales value among developers in China. It has projects in more than 200 cities across China and property development accounts for 90% of earnings. The firm also has interests in banking, insurance, tourism, and healthcare. Evergrande was listed in Hong Kong in late 2009. The company is in the process of spinning off its real estate business into a Shenzhen-listed entity. Free float is 25%, with the company's founder Hui Ka Yan holding the remaining share.