China Education Group Holdings (HKSE:00839) Days Sales Outstanding : 2.74 (As of Aug. 2023)

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What is China Education Group Holdings Days Sales Outstanding?

China Education Group Holdings's average Accounts Receivable for the six months ended in Aug. 2023 was HK$46 Mil. China Education Group Holdings's Revenue for the six months ended in Aug. 2023 was HK$3,067 Mil. Hence, China Education Group Holdings's Days Sales Outstanding for the six months ended in Aug. 2023 was 2.74.

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

HKSE:00839' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.7 Med: 5.11 Max: 38.16
Current: 2.11

During the past 9 years, China Education Group Holdings's highest Days Sales Outstanding was 38.16. The lowest was 1.70. And the median was 5.11.

HKSE:00839's Days Sales Outstanding is ranked better than
93.15% of 248 companies
in the Education industry
Industry Median: 29.25 vs HKSE:00839: 2.11

China Education Group Holdings's Days Sales Outstanding increased from Aug. 2022 (1.98) to Aug. 2023 (2.74).

China Education Group Holdings Days Sales Outstanding Historical Data

The historical data trend for China Education Group 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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China Education Group Holdings Days Sales Outstanding Chart

China Education Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Aug19

Aug20

Aug21

Aug22

Aug23

Days Sales Outstanding

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3.41

1.85

38.16

30.90

1.70

China Education Group Holdings Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Days Sales Outstanding	Get a 7-Day Free Trial													29.78	1.98	2.34	2.74	1.71

Competitive Comparison of China Education Group Holdings's Days Sales Outstanding

For the Education & Training Services subindustry, China Education Group 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.

China Education Group Holdings's Days Sales Outstanding Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, China Education Group Holdings's Days Sales Outstanding distribution charts can be found below:

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

China Education Group 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.

China Education Group Holdings's Days Sales Outstanding for the fiscal year that ended in Aug. 2023 is calculated as

	Days Sales Outstanding (A: Aug. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )	/	Revenue (A: Aug. 2023 )	*	Days in Period
=	( (23.076	+	33.471)	/	2 )	/	6063.585	*	365
=	28.2735					/	6063.585	*	365
=	1.70

China Education Group Holdings's Days Sales Outstanding for the quarter that ended in Aug. 2023 is calculated as:

	Days Sales Outstanding (Q: Aug. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Feb. 2023 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )	/	Revenue (A: Aug. 2023 )	*	Days in Period
=	( (58.526	+	33.471)	/	2 )	/	3067.422	*	365 / 2
=	45.9985					/	3067.422	*	365 / 2
=	2.74

China Education Group Holdings (HKSE:00839) 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 Education Group Holdings Days Sales Outstanding Related Terms

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China Education Group Holdings (HKSE:00839) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Education Group Holdings Ltd (HKSE:00839) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

CEGHF:USA C3W:Germany

Address

18 Harbour Road, Suite 6703–04, 67th Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

http://www.chinaeducation.hk

China Education Group Holdings Ltd is a leading ultra-large-scale private education group in China with 30 years of experience in higher education operations. CEG's schools offer both higher vocational education and secondary vocational education. The school network spans domestic China and overseas. CEG also offers continuing education to full-time working adults. The group's total enrolled full-time students in China expanded more than 3 times over the last six years to about 248,000 as of August 2023. The rapid growth is primarily attributable to school acquisitions. CEG currently operates 14 schools, up from only 3 in 2017.

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