Tongguan Gold Group (HKSE:00340) Days Sales Outstanding : 2.34 (As of Jun. 2024)

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What is Tongguan Gold Group Days Sales Outstanding?

Tongguan Gold Group's average Accounts Receivable for the six months ended in Jun. 2024 was HK$11 Mil. Tongguan Gold Group's Revenue for the six months ended in Jun. 2024 was HK$850 Mil. Hence, Tongguan Gold Group's Days Sales Outstanding for the six months ended in Jun. 2024 was 2.34.

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

HKSE:00340' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.38 Med: 34.47 Max: 305.76
Current: 2.38

During the past 13 years, Tongguan Gold Group's highest Days Sales Outstanding was 305.76. The lowest was 2.38. And the median was 34.47.

HKSE:00340's Days Sales Outstanding is ranked better than
95.19% of 790 companies
in the Metals & Mining industry
Industry Median: 42.775 vs HKSE:00340: 2.38

Tongguan Gold Group's Days Sales Outstanding increased from Jun. 2023 (0.00) to Jun. 2024 (2.34).

Tongguan Gold Group Days Sales Outstanding Historical Data

The historical data trend for Tongguan Gold 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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Tongguan Gold Group Days Sales Outstanding Chart

Tongguan Gold Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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2.66

Tongguan Gold Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Sales Outstanding	Get a 7-Day Free Trial															-	-	-	2.42	2.34

Competitive Comparison of Tongguan Gold Group's Days Sales Outstanding

For the Gold subindustry, Tongguan Gold 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.

Tongguan Gold Group's Days Sales Outstanding Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Tongguan Gold Group's Days Sales Outstanding distribution charts can be found below:

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

Tongguan Gold 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.

Tongguan Gold Group'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
=	( (0	+	10.897)	/	1 )	/	1497.236	*	365
=	10.897					/	1497.236	*	365
=	2.66

Tongguan Gold Group's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding (Q: Jun. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )	/	Revenue (A: Jun. 2024 )	*	Days in Period
=	( (10.897	+	0)	/	1 )	/	849.951	*	365 / 2
=	10.897					/	849.951	*	365 / 2
=	2.34

Tongguan Gold Group (HKSE:00340) Days Sales Outstanding Explanation

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

Tongguan Gold Group Days Sales Outstanding Related Terms

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Tongguan Gold Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tongguan Gold Group Ltd (HKSE:00340) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Harcourt Road, Room 1306, 13th Floor, Bank of America Tower, Admiralty, Hong Kong, HKG

Website

http://www.tongguangold.com

Tongguan Gold Group Ltd operates as an investment holding company. It operates through one segment, the Gold mining operation, that engages in the exploration, mining, processing, and sale of gold concentrates and related products. All of its revenues come from the PRC.

Executives

Fung Wai Enterprises Ltd.	2101 Beneficial owner
Lin Eddie Chang	2201 Interest of corporation controlled by you
Goldbell Holdings Limited	2201 Interest of corporation controlled by you
Jiang Wei	2201 Interest of corporation controlled by you
Jin Ding Investment Limited	2201 Interest of corporation controlled by you
Qinlong Jinxin Mining Investment Limited	2101 Beneficial owner
Lam Yuk Ying	2101 Beneficial owner
Chen Dengguang	2101 Beneficial owner
Huang Aidong	2201 Interest of corporation controlled by you
Profit Linkage Enterprises Limited	2101 Beneficial owner
Golden Blossom Investment Limited	2101 Beneficial owner
Hu Jianzhong	2201 Interest of corporation controlled by you
Ho Ping Tanya	2101 Beneficial owner
Lin Yuhua	2201 Interest of corporation controlled by you
Supreme Success Group Limited	2101 Beneficial owner

Tongguan Gold Group Headlines

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