Chinney Kin Wing Holdings (HKSE:01556) Days Sales Outstanding : 40.38 (As of Dec. 2023)

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What is Chinney Kin Wing Holdings Days Sales Outstanding?

Chinney Kin Wing Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$244 Mil. Chinney Kin Wing Holdings's Revenue for the six months ended in Dec. 2023 was HK$1,101 Mil. Hence, Chinney Kin Wing Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 40.38.

The historical rank and industry rank for Chinney Kin Wing Holdings's Days Sales Outstanding or its related term are showing as below:

HKSE:01556' s Days Sales Outstanding Range Over the Past 10 Years
Min: 35.77 Med: 49.61 Max: 74.37
Current: 43.69

During the past 10 years, Chinney Kin Wing Holdings's highest Days Sales Outstanding was 74.37. The lowest was 35.77. And the median was 49.61.

HKSE:01556's Days Sales Outstanding is ranked better than
79.1% of 1646 companies
in the Construction industry
Industry Median: 73.13 vs HKSE:01556: 43.69

Chinney Kin Wing Holdings's Days Sales Outstanding declined from Dec. 2022 (40.60) to Dec. 2023 (40.38).

Chinney Kin Wing Holdings Days Sales Outstanding Historical Data

The historical data trend for Chinney Kin Wing 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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Chinney Kin Wing Holdings Days Sales Outstanding Chart

Chinney Kin Wing Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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58.10

61.42

40.86

47.17

49.23

Chinney Kin Wing Holdings Semi-Annual Data
	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														31.19	36.55	40.60	41.50	40.38

Competitive Comparison of Chinney Kin Wing Holdings's Days Sales Outstanding

For the Engineering & Construction subindustry, Chinney Kin Wing 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.

Chinney Kin Wing Holdings's Days Sales Outstanding Distribution in the Construction Industry

For the Construction industry and Industrials sector, Chinney Kin Wing Holdings's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Chinney Kin Wing Holdings's Days Sales Outstanding falls into.

Chinney Kin Wing 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.

Chinney Kin Wing 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
=	( (274.974	+	297.575)	/	2 )	/	2122.397	*	365
=	286.2745					/	2122.397	*	365
=	49.23

Chinney Kin Wing 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
=	( (189.634	+	297.575)	/	2 )	/	1100.906	*	365 / 2
=	243.6045					/	1100.906	*	365 / 2
=	40.38

Chinney Kin Wing Holdings (HKSE:01556) Days Sales Outstanding Explanation

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

Chinney Kin Wing Holdings Days Sales Outstanding Related Terms

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Chinney Kin Wing Holdings (HKSE:01556) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chinney Kin Wing Holdings Ltd (HKSE:01556) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

111 Connaught Road Central, Room 2308, 23rd Floor, Wing On centre, Hong Kong, HKG

Website

https://www.chinneykinwing.com.hk

Chinney Kin Wing Holdings Ltd is an investment holding company. The company's operating segment includes Foundation construction and ancillary services and Drilling and site investigation. It generates maximum revenue from the Foundation construction and ancillary services segment. Geographically, it derives a majority of its revenue from Hong Kong and also has a presence in Singapore.

Chinney Kin Wing Holdings (HKSE:01556) Headlines

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