Tao Heung Holdings (HKSE:00573) Days Sales Outstanding : 5.99 (As of Dec. 2023)

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What is Tao Heung Holdings Days Sales Outstanding?

Tao Heung Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$47 Mil. Tao Heung Holdings's Revenue for the six months ended in Dec. 2023 was HK$1,445 Mil. Hence, Tao Heung Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 5.99.

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

HKSE:00573' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.36 Med: 3.98 Max: 7.91
Current: 5.84

During the past 13 years, Tao Heung Holdings's highest Days Sales Outstanding was 7.91. The lowest was 2.36. And the median was 3.98.

HKSE:00573's Days Sales Outstanding is ranked better than
72.94% of 340 companies
in the Restaurants industry
Industry Median: 11.695 vs HKSE:00573: 5.84

Tao Heung Holdings's Days Sales Outstanding declined from Dec. 2022 (6.30) to Dec. 2023 (5.99).

Tao Heung Holdings Days Sales Outstanding Historical Data

The historical data trend for Tao Heung 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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Tao Heung Holdings Days Sales Outstanding Chart

Tao Heung Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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4.03

5.35

5.40

7.91

6.35

Tao Heung Holdings 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															5.43	8.92	6.30	5.18	5.99

Competitive Comparison of Tao Heung Holdings's Days Sales Outstanding

For the Restaurants subindustry, Tao Heung 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.

Tao Heung Holdings's Days Sales Outstanding Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Tao Heung Holdings's Days Sales Outstanding distribution charts can be found below:

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

Tao Heung 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.

Tao Heung Holdings'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
=	( (46.64	+	55.98)	/	2 )	/	2949.362	*	365
=	51.31					/	2949.362	*	365
=	6.35

Tao Heung Holdings'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
=	( (38.851	+	55.98)	/	2 )	/	1444.809	*	365 / 2
=	47.4155					/	1444.809	*	365 / 2
=	5.99

Tao Heung Holdings (HKSE:00573) Days Sales Outstanding Explanation

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

Tao Heung Holdings Days Sales Outstanding Related Terms

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Tao Heung Holdings (HKSE:00573) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tao Heung Holdings Ltd (HKSE:00573) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

BVI:Germany

Address

Number 18 Dai Fat Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong, HKG

Website

https://www.taoheung.com.hk

Tao Heung Holdings Ltd is a Hong Kong-based company engaged in the provision of food catering services through a chain of restaurants. It is also engaged in chilled and packaged food, bakery operations, production, sale and distribution of food products and other items related to restaurant operations and provision of poultry farm operations. Group operates restaurants under Tao heung, Tao Square, and Tai Cheong Bakery brands. The company operates businesses in Hong Kong and Mainland China of which Hong Kong accounts for a larger share of the company revenue.

Executives

Chung Wai Ping	2101 Beneficial owner
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Wong Ka Wing
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Tao Heung Holdings (HKSE:00573) Headlines

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