China Eastern Airlines (SHSE:600115) Days Sales Outstanding : 7.47 (As of Dec. 2023)

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What is China Eastern Airlines Days Sales Outstanding?

China Eastern Airlines's average Accounts Receivable for the three months ended in Dec. 2023 was ¥2,308 Mil. China Eastern Airlines's Revenue for the three months ended in Dec. 2023 was ¥28,203 Mil. Hence, China Eastern Airlines's Days Sales Outstanding for the three months ended in Dec. 2023 was 7.47.

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

SHSE:600115' s Days Sales Outstanding Range Over the Past 10 Years
Min: 4.76 Med: 7.77 Max: 15.07
Current: 5.97

During the past 13 years, China Eastern Airlines's highest Days Sales Outstanding was 15.07. The lowest was 4.76. And the median was 7.77.

SHSE:600115's Days Sales Outstanding is ranked better than
95.96% of 966 companies
in the Transportation industry
Industry Median: 45.73 vs SHSE:600115: 5.97

China Eastern Airlines's Days Sales Outstanding declined from Dec. 2022 (9.08) to Dec. 2023 (7.47).

China Eastern Airlines Days Sales Outstanding Historical Data

The historical data trend for China Eastern Airlines'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 Eastern Airlines Days Sales Outstanding Chart

China Eastern Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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4.76

8.84

5.70

7.06

4.79

China Eastern Airlines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															9.08	5.05	6.51	5.91	7.47

Competitive Comparison of China Eastern Airlines's Days Sales Outstanding

For the Airlines subindustry, China Eastern Airlines'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 Eastern Airlines's Days Sales Outstanding Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, China Eastern Airlines's Days Sales Outstanding distribution charts can be found below:

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

China Eastern Airlines 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 Eastern Airlines'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
=	( (817	+	2167)	/	2 )	/	113741	*	365
=	1492					/	113741	*	365
=	4.79

China Eastern Airlines'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: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (2448	+	2167)	/	2 )	/	28203	*	365 / 4
=	2307.5					/	28203	*	365 / 4
=	7.47

China Eastern Airlines (SHSE:600115) 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 Eastern Airlines Days Sales Outstanding Related Terms

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China Eastern Airlines (SHSE:600115) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Eastern Airlines Corp Ltd (SHSE:600115) » Definitions » Days Sales Outstanding

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CHEAF:USA 00670:Hong Kong CIAH:Germany

Address

36 Hongxiang 3rd Road, 5th Floor, Block A2, CEA Building, Northern District, Minhang District, Shanghai, CHN, 201100

Website

https://www.ceair.com

China Eastern Airlines is based in Shanghai and is one of the three largest state-owned airlines in China. The group operated a fleet of 778 aircraft as of 2022 and carried more than 130 million passengers in prepandemic 2019. It runs a hub-and-spoke model under which it gathers and distributes passengers from air hubs like Shanghai, Beijing, Xi'an, and Kunming. The group's route network extends to over 220 destinations and 40 countries and regions.

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