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China New Energy (HKSE:01156) Days Sales Outstanding : 918.58 (As of Dec. 2023)


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What is China New Energy Days Sales Outstanding?

China New Energy's average Accounts Receivable for the six months ended in Dec. 2023 was HK$53.41 Mil. China New Energy's Revenue for the six months ended in Dec. 2023 was HK$10.61 Mil. Hence, China New Energy's Days Sales Outstanding for the six months ended in Dec. 2023 was 918.58.

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

HKSE:01156' s Days Sales Outstanding Range Over the Past 10 Years
Min: 57.18   Med: 129.24   Max: 500.96
Current: 500.96

During the past 13 years, China New Energy's highest Days Sales Outstanding was 500.96. The lowest was 57.18. And the median was 129.24.

HKSE:01156's Days Sales Outstanding is ranked worse than
96.46% of 933 companies
in the Oil & Gas industry
Industry Median: 48.8 vs HKSE:01156: 500.96

China New Energy's Days Sales Outstanding increased from Dec. 2022 (201.38) to Dec. 2023 (918.58).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.


China New Energy Days Sales Outstanding Historical Data

The historical data trend for China New Energy'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.

* Premium members only.

China New Energy Days Sales Outstanding Chart

China New Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 91.77 57.18 76.72 267.69 475.37

China New Energy 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 134.65 315.38 201.38 391.50 918.58

Competitive Comparison of China New Energy's Days Sales Outstanding

For the Oil & Gas Equipment & Services subindustry, China New Energy'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 New Energy's Days Sales Outstanding Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China New Energy's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where China New Energy's Days Sales Outstanding falls into.



China New Energy 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 New Energy'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
=( (81.544 + 37.618) / 2 ) / 45.748*365
=59.581 / 45.748*365
=475.37

China New Energy'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
=( (69.209 + 37.618) / 2 ) / 10.612*365 / 2
=53.4135 / 10.612*365 / 2
=918.58

* 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.


China New Energy  (HKSE:01156) 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 New Energy Days Sales Outstanding Related Terms

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China New Energy (HKSE:01156) Business Description

Traded in Other Exchanges
Address
No. 80, Lanyue Road, Unit 210, 2nd Floor, Science City, Comprehensive Service Building Science & Technology Innovation Base, Guangzhou High-tech Industrial Development Zone,, Guangzhou, CHN, 510640
China New Energy Ltd is a provider of bioenergy technology solutions. The Group is engaged in the provision of ethanol production system technology integrated services in the ethanol fuel and alcoholic beverage industries The company offers technology services to two industries: Ethanol fuel construction services and Alcoholic beverage construction services. It generates maximum revenue from the Ethanol fuel construction services streams. Geographically, it derives a majority of revenue from the PRC and also has a presence in Canada, Russia, Thailand, and Myanmar.
Executives
Best Full Investments Limited 2101 Beneficial owner
Han Jing 2202 Interest of your spouse
Liang Hongtao 2201 Interest of corporation controlled by you
Tang Zhaoxing 2201 Interest of corporation controlled by you
Zeng Fanghua 2202 Interest of your spouse
Tonzest Capital Holding Limited 2101 Beneficial owner
Tan Fengqiao 2202 Interest of your spouse
Yu Weijun 2101 Beneficial owner
Tewin Capital Holding Limited 2101 Beneficial owner
Chen Wan Ling 2201 Interest of corporation controlled by you
Kapok Capital Management Limited 2101 Beneficial owner
Jiang Xinchun 2101 Beneficial owner
Wang Yan 2202 Interest of your spouse
Jojo Global Investment Limited 2101 Beneficial owner

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