SOCAM Development (HKSE:00983) Days Sales Outstanding : 66.48 (As of Dec. 2023)

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What is SOCAM Development Days Sales Outstanding?

SOCAM Development's average Accounts Receivable for the six months ended in Dec. 2023 was HK$1,656 Mil. SOCAM Development's Revenue for the six months ended in Dec. 2023 was HK$4,546 Mil. Hence, SOCAM Development's Days Sales Outstanding for the six months ended in Dec. 2023 was 66.48.

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

HKSE:00983' s Days Sales Outstanding Range Over the Past 10 Years
Min: 25.8 Med: 52.68 Max: 69.85
Current: 69.85

During the past 13 years, SOCAM Development's highest Days Sales Outstanding was 69.85. The lowest was 25.80. And the median was 52.68.

HKSE:00983's Days Sales Outstanding is ranked worse than
66.67% of 1665 companies
in the Real Estate industry
Industry Median: 36.46 vs HKSE:00983: 69.85

SOCAM Development's Days Sales Outstanding increased from Dec. 2022 (45.05) to Dec. 2023 (66.48).

SOCAM Development Days Sales Outstanding Historical Data

The historical data trend for SOCAM Development'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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SOCAM Development Days Sales Outstanding Chart

SOCAM Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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25.80

34.12

39.02

55.47

67.58

SOCAM Development 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															21.94	23.96	45.05	76.39	66.48

Competitive Comparison of SOCAM Development's Days Sales Outstanding

For the Real Estate - Development subindustry, SOCAM Development'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.

SOCAM Development's Days Sales Outstanding Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, SOCAM Development's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where SOCAM Development's Days Sales Outstanding falls into.

SOCAM Development 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.

SOCAM Development'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
=	( (1474	+	1613)	/	2 )	/	8336	*	365
=	1543.5					/	8336	*	365
=	67.58

SOCAM Development'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
=	( (1699	+	1613)	/	2 )	/	4546	*	365 / 2
=	1656					/	4546	*	365 / 2
=	66.48

SOCAM Development (HKSE:00983) Days Sales Outstanding Explanation

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

SOCAM Development Days Sales Outstanding Related Terms

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SOCAM Development (HKSE:00983) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » SOCAM Development Ltd (HKSE:00983) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

6-8 Harbour Road, 34th Floor, Shui On Centre, Hong Kong, HKG

Website

https://www.socam.com

SOCAM Development Ltd is an investment holding company. The company along with its subsidiaries is principally engaged in property segment which includes Property development and construction and maintenance segment includes contracting ,renovation and fitting out, smart facilities management and Other businesses segment includes venture capital investment and others. The group's majority of the revenue comes from Construction and maintenance segment in which Hongkong is the major contributor when it comes to revenue.

Executives

Lo Hong Sui	2307 Founder of a discretionary trust who can infl
Lo Bo Yue, Stephanie	2501 Other
Bosrich Holdings (ptc) Inc.	2301 Trustee
Hsbc International Trustee Limited	2301 Trustee
Shui On Company Limited	2101 Beneficial owner
Chu Loletta	2202 Interest of your spouse
Right Ying Holdings Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Sun Yinhuan	2307 Founder of a discretionary trust who can infl

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