Grand Ming Group Holdings (HKSE:01271) Days Sales Outstanding : 10.42 (As of Sep. 2024)

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What is Grand Ming Group Holdings Days Sales Outstanding?

Grand Ming Group Holdings's average Accounts Receivable for the six months ended in Sep. 2024 was HK$39 Mil. Grand Ming Group Holdings's Revenue for the six months ended in Sep. 2024 was HK$684 Mil. Hence, Grand Ming Group Holdings's Days Sales Outstanding for the six months ended in Sep. 2024 was 10.42.

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

HKSE:01271' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.73 Med: 35.89 Max: 84.82
Current: 12.63

During the past 12 years, Grand Ming Group Holdings's highest Days Sales Outstanding was 84.82. The lowest was 2.73. And the median was 35.89.

HKSE:01271's Days Sales Outstanding is ranked better than
97.55% of 1714 companies
in the Construction industry
Industry Median: 74.535 vs HKSE:01271: 12.63

Grand Ming Group Holdings's Days Sales Outstanding declined from Sep. 2023 (30.52) to Sep. 2024 (10.42).

Grand Ming Group Holdings Days Sales Outstanding Historical Data

The historical data trend for Grand Ming 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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Grand Ming Group Holdings Days Sales Outstanding Chart

Grand Ming Group Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

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28.56

14.37

15.01

2.73

24.78

Grand Ming Group Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Days Sales Outstanding	Get a 7-Day Free Trial															1.39	77.47	30.52	17.35	10.42

Competitive Comparison of Grand Ming Group Holdings's Days Sales Outstanding

For the Engineering & Construction subindustry, Grand Ming 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.

Grand Ming Group Holdings's Days Sales Outstanding Distribution in the Construction Industry

For the Construction industry and Industrials sector, Grand Ming Group Holdings's Days Sales Outstanding distribution charts can be found below:

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

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Grand Ming 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.

Grand Ming Group Holdings's Days Sales Outstanding for the fiscal year that ended in Mar. 2024 is calculated as

	Days Sales Outstanding (A: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (35.811	+	36.532)	/	2 )	/	532.691	*	365
=	36.1715					/	532.691	*	365
=	24.78

Grand Ming Group Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding (Q: Sep. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2024 )	+	Accounts Receivable (A: Sep. 2024 ))	/	count )	/	Revenue (A: Sep. 2024 )	*	Days in Period
=	( (36.532	+	41.549)	/	2 )	/	683.747	*	365 / 2
=	39.0405					/	683.747	*	365 / 2
=	10.42

Grand Ming Group Holdings (HKSE:01271) Days Sales Outstanding Explanation

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

Grand Ming Group Holdings Days Sales Outstanding Related Terms

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Grand Ming Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Grand Ming Group Holdings Ltd (HKSE:01271) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 39 Chatham Road South, 22nd Floor, Railway Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.grandming.com.hk

Grand Ming Group Holdings Ltd is an investment holding company. Through its subsidiaries, the company is principally engaged in building construction, property leasing, and property development. Its reportable segments are; Construction, which involves constructing residential buildings, commercial buildings, and data centres; Property leasing which engages in the leasing of data centres and commercial shops; and the Property development segment which is involved in the development and sale of properties. Maximum revenue is generated from the Construction segment. Geographically, all of the company's revenue is generated from its customers in Hong Kong.

Executives

Lau Cw Company Limited	2101 Beneficial owner
Lau Chi Wah	2101 Beneficial owner
Cheung Shuk Fong	2202 Interest of your spouse
Xu Chujia	2201 Interest of corporation controlled by you
Banco Well Link, S.a.	2106 Person having a security interest in shares
Well Link Holdings Limited	2201 Interest of corporation controlled by you
Chan Hm Company Limited	2101 Beneficial owner
Chan Hung Ming	2201 Interest of corporation controlled by you

Grand Ming Group Holdings Headlines

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