HIHO (Highway Holdings) Days Sales Outstanding : 78.49 (As of Sep. 2024)

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What is Highway Holdings Days Sales Outstanding?

Highway Holdings's average Accounts Receivable for the three months ended in Sep. 2024 was $1.82 Mil. Highway Holdings's Revenue for the three months ended in Sep. 2024 was $2.12 Mil. Hence, Highway Holdings's Days Sales Outstanding for the three months ended in Sep. 2024 was 78.49.

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

HIHO' s Days Sales Outstanding Range Over the Past 10 Years
Min: 47.72 Med: 58.57 Max: 100.56
Current: 100.56

During the past 13 years, Highway Holdings's highest Days Sales Outstanding was 100.56. The lowest was 47.72. And the median was 58.57.

HIHO's Days Sales Outstanding is ranked worse than
64.77% of 2952 companies
in the Industrial Products industry
Industry Median: 80.12 vs HIHO: 100.56

Highway Holdings's Days Sales Outstanding declined from Sep. 2023 (79.24) to Sep. 2024 (78.49).

Highway Holdings Days Sales Outstanding Historical Data

The historical data trend for Highway 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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Highway Holdings Days Sales Outstanding Chart

Highway Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

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62.08

59.34

47.72

73.88

90.63

Highway Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Sales Outstanding	Get a 7-Day Free Trial															79.24	78.50	-	70.73	78.49

Competitive Comparison of Highway Holdings's Days Sales Outstanding

For the Metal Fabrication subindustry, Highway 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.

Highway Holdings's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Highway Holdings's Days Sales Outstanding distribution charts can be found below:

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

Highway 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.

Highway Holdings's Days Sales Outstanding for the fiscal year that ended in Mar. 2024 is calculated as

	Days Sales Outstanding (A: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (1.886	+	1.253)	/	2 )	/	6.321	*	365
=	1.5695					/	6.321	*	365
=	90.63

Highway Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding (Q: Sep. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2024 )	+	Accounts Receivable (A: Sep. 2024 ))	/	count )	/	Revenue (A: Sep. 2024 )	*	Days in Period
=	( (1.66	+	1.982)	/	2 )	/	2.117	*	365 / 4
=	1.821					/	2.117	*	365 / 4
=	78.49

Highway Holdings (NAS:HIHO) Days Sales Outstanding Explanation

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

Highway Holdings Days Sales Outstanding Related Terms

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Highway Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Highway Holdings Ltd (NAS:HIHO) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 18, Landmark North 39 Lung Sum Avenue, Suite No.1801, Sheung Shui, New Territories, Hong Kong, HKG

Website

https://www.highwayholdings.com

Highway Holdings Ltd is a holding company. The company is a manufacturer of metal, plastic, electric and electronic components for original equipment manufacturers (OEM) and contract manufacturers. Its operating segment includes Metal stamping and mechanical OEM and Electric OEM. The metal stamping segment focuses on the manufacturing and sale of metal parts and components. The company generates maximum revenue from the Metal stamping and mechanical OEM segment. Geographically, it derives a majority of its revenue from Europe and also has a presence in Hong Kong and China, North America, and Other Asian countries.

Executives

Zeff Capital, Lp

10 percent owner

400 S. MCCADDEN PL., LOS ANGELES CA 90020