Bright Future Technology Holdings (HKSE:01351) Days Sales Outstanding : 124.71 (As of Dec. 2023)

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What is Bright Future Technology Holdings Days Sales Outstanding?

Bright Future Technology Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$322.2 Mil. Bright Future Technology Holdings's Revenue for the six months ended in Dec. 2023 was HK$471.6 Mil. Hence, Bright Future Technology Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 124.71.

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

HKSE:01351' s Days Sales Outstanding Range Over the Past 10 Years
Min: 95.53 Med: 225.13 Max: 259.74
Current: 105.55

During the past 7 years, Bright Future Technology Holdings's highest Days Sales Outstanding was 259.74. The lowest was 95.53. And the median was 225.13.

HKSE:01351's Days Sales Outstanding is ranked worse than
73.56% of 1021 companies
in the Media - Diversified industry
Industry Median: 67.38 vs HKSE:01351: 105.55

Bright Future Technology Holdings's Days Sales Outstanding declined from Dec. 2022 (160.24) to Dec. 2023 (124.71).

Bright Future Technology Holdings Days Sales Outstanding Historical Data

The historical data trend for Bright Future Technology 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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Bright Future Technology Holdings Days Sales Outstanding Chart

Bright Future Technology Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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251.69

259.74

246.09

225.13

95.53

Bright Future Technology Holdings Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial						346.16	236.65	160.24	97.34	124.71

Competitive Comparison of Bright Future Technology Holdings's Days Sales Outstanding

For the Advertising Agencies subindustry, Bright Future Technology 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.

Bright Future Technology Holdings's Days Sales Outstanding Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Bright Future Technology Holdings's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Bright Future Technology Holdings's Days Sales Outstanding falls into.

Bright Future Technology 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.

Bright Future Technology 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
=	( (202.345	+	308.604)	/	2 )	/	976.124	*	365
=	255.4745					/	976.124	*	365
=	95.53

Bright Future Technology 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
=	( (335.881	+	308.604)	/	2 )	/	471.57	*	365 / 2
=	322.2425					/	471.57	*	365 / 2
=	124.71

Bright Future Technology Holdings (HKSE:01351) Days Sales Outstanding Explanation

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

Bright Future Technology Holdings Days Sales Outstanding Related Terms

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Bright Future Technology Holdings (HKSE:01351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Bright Future Technology Holdings Ltd (HKSE:01351) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinghai Mingcheng Community, Rooms 201-02 & 201-03, Phase 7, Nantou Jiedao Nanshan District, Shenzhen, CHN

Website

http://www.btomorrow.cn

Bright Future Technology Holdings Ltd is a mobile advertising company offering one-stop and tailor-made advertising services to customers in China. It is engaged in the provision of intelligent marketing solutions services in the PRC. It offers customers comprehensive mobile advertising services from promotion planning, advertisement production, and placement to post-publication monitoring to optimize the promotional effectiveness for customers. Its customers have advertising needs at mobile internet media, either for maximizing exposure of their products through advertising or to achieve specific advertising results.

Executives

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Shen Ming	2201 Interest of corporation controlled by you
Hu Si Mian	2202 Interest of your spouse

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