China Tontine Wines Group (HKSE:00389) Days Sales Outstanding : 179.92 (As of Dec. 2023)

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What is China Tontine Wines Group Days Sales Outstanding?

China Tontine Wines Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$122.4 Mil. China Tontine Wines Group's Revenue for the six months ended in Dec. 2023 was HK$124.1 Mil. Hence, China Tontine Wines Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 179.92.

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

HKSE:00389' s Days Sales Outstanding Range Over the Past 10 Years
Min: 62.79 Med: 114.56 Max: 328.09
Current: 230.93

During the past 13 years, China Tontine Wines Group's highest Days Sales Outstanding was 328.09. The lowest was 62.79. And the median was 114.56.

HKSE:00389's Days Sales Outstanding is ranked worse than
97.64% of 212 companies
in the Beverages - Alcoholic industry
Industry Median: 42.72 vs HKSE:00389: 230.93

China Tontine Wines Group's Days Sales Outstanding declined from Dec. 2022 (281.66) to Dec. 2023 (179.92).

China Tontine Wines Group Days Sales Outstanding Historical Data

The historical data trend for China Tontine Wines 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 Tontine Wines Group Days Sales Outstanding Chart

China Tontine Wines Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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113.57

284.22

159.73

328.09

243.65

China Tontine Wines Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															120.62	308.29	281.66	291.51	179.92

Competitive Comparison of China Tontine Wines Group's Days Sales Outstanding

For the Beverages - Wineries & Distilleries subindustry, China Tontine Wines 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 Tontine Wines Group's Days Sales Outstanding Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, China Tontine Wines Group's Days Sales Outstanding distribution charts can be found below:

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

China Tontine Wines 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 Tontine Wines 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
=	( (147.948	+	128.242)	/	2 )	/	206.876	*	365
=	138.095					/	206.876	*	365
=	243.65

China Tontine Wines Group'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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (116.464	+	128.242)	/	2 )	/	124.109	*	365 / 2
=	122.353					/	124.109	*	365 / 2
=	179.92

China Tontine Wines Group (HKSE:00389) 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 Tontine Wines Group Days Sales Outstanding Related Terms

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China Tontine Wines Group (HKSE:00389) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » China Tontine Wines Group Ltd (HKSE:00389) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

CATWF:USA

Address

No. 2199, Tuanjie Road, Tonghua County, Jilin Province, Tonghua, CHN

Website

https://www.tontine-wines.com.hk

China Tontine Wines Group Ltd. is an investment holding company. The company and its subsidiaries are engaged in the production and sales of wine products. Its geographical segments consist of North-East Region, Northern Region, Eastern Region, South-Central Region, and South-West Region. The Group's product offerings include Sweet wines, Dry wines, Brandy, and Others.

China Tontine Wines Group (HKSE:00389) Headlines

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