GoFintech Innovation (HKSE:00290) Days Sales Outstanding : 182.29 (As of Sep. 2023)

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What is GoFintech Innovation Days Sales Outstanding?

GoFintech Innovation's average Accounts Receivable for the six months ended in Sep. 2023 was HK$18.33 Mil. GoFintech Innovation's Revenue for the six months ended in Sep. 2023 was HK$18.35 Mil. Hence, GoFintech Innovation's Days Sales Outstanding for the six months ended in Sep. 2023 was 182.29.

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

HKSE:00290' s Days Sales Outstanding Range Over the Past 10 Years
Min: 182.15 Med: 761.63 Max: 1335.83
Current: 355.22

During the past 13 years, GoFintech Innovation's highest Days Sales Outstanding was 1335.83. The lowest was 182.15. And the median was 761.63.

HKSE:00290's Days Sales Outstanding is ranked worse than
81.08% of 74 companies
in the Diversified Financial Services industry
Industry Median: 55.96 vs HKSE:00290: 355.22

GoFintech Innovation's Days Sales Outstanding declined from Sep. 2022 (538.35) to Sep. 2023 (182.29).

Warning Sign:

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

GoFintech Innovation Days Sales Outstanding Historical Data

The historical data trend for GoFintech Innovation'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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GoFintech Innovation Days Sales Outstanding Chart

GoFintech Innovation Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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923.29

471.17

182.15

351.34

637.43

GoFintech Innovation Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															639.92	238.02	538.35	833.16	182.29

Competitive Comparison of GoFintech Innovation's Days Sales Outstanding

For the Financial Conglomerates subindustry, GoFintech Innovation'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.

GoFintech Innovation's Days Sales Outstanding Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, GoFintech Innovation's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where GoFintech Innovation's Days Sales Outstanding falls into.

GoFintech Innovation 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.

GoFintech Innovation's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (47.537	+	30.397)	/	2 )	/	22.313	*	365
=	38.967					/	22.313	*	365
=	637.43

GoFintech Innovation's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (30.397	+	6.258)	/	2 )	/	18.349	*	365 / 2
=	18.3275					/	18.349	*	365 / 2
=	182.29

GoFintech Innovation (HKSE:00290) Days Sales Outstanding Explanation

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

GoFintech Innovation Days Sales Outstanding Related Terms

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GoFintech Innovation (HKSE:00290) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » GoFintech Innovation Ltd (HKSE:00290) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

183 Queen’s Road Central, 41st Floor COSCO Tower, Units No. 4102-06, Hong Kong, HKG

Website

https://www.290.com.hk

GoFintech Innovation Ltd is a cross-border financial service platform based in Hong Kong and relying on the mainland. Its main business includes Securities brokerage and margin financing, Corporate finance, Money lending, Consultancy and insurance brokerage, Asset management, and Equity investment. The majority of the revenue derives from the Asset management segment.

Executives

Liu Zhiwei	2101 Beneficial owner
Wang Tao	2101 Beneficial owner
Star Banner Development Company Limited	2101 Beneficial owner
Yu Dongge	2101 Beneficial owner
Riverhead Capital (international) Management Co., Ltd.	2101 Beneficial owner
Sun Zhuyin	2202 Interest of your spouse
Xie Zhichun	2201 Interest of corporation controlled by you
Santo Limited	2101 Beneficial owner
Santo Limited	2101 Beneficial owner
Jadehero Limited	2101 Beneficial owner
Southlead Limited	2201 Interest of corporation controlled by you
Liberal Expansion Limited	2201 Interest of corporation controlled by you
Whole Advance Limited	2201 Interest of corporation controlled by you
Zhao Xu Guang	2201 Interest of corporation controlled by you

GoFintech Innovation (HKSE:00290) Headlines

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