Able Engineering Holdings (HKSE:01627) Days Sales Outstanding : 30.11 (As of Sep. 2023)

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What is Able Engineering Holdings Days Sales Outstanding?

Able Engineering Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$500 Mil. Able Engineering Holdings's Revenue for the six months ended in Sep. 2023 was HK$3,032 Mil. Hence, Able Engineering Holdings's Days Sales Outstanding for the six months ended in Sep. 2023 was 30.11.

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

HKSE:01627' s Days Sales Outstanding Range Over the Past 10 Years
Min: 25.45 Med: 59.06 Max: 75.7
Current: 25.45

During the past 10 years, Able Engineering Holdings's highest Days Sales Outstanding was 75.70. The lowest was 25.45. And the median was 59.06.

HKSE:01627's Days Sales Outstanding is ranked better than
91.83% of 1641 companies
in the Construction industry
Industry Median: 72.53 vs HKSE:01627: 25.45

Able Engineering Holdings's Days Sales Outstanding declined from Sep. 2022 (46.60) to Sep. 2023 (30.11).

Able Engineering Holdings Days Sales Outstanding Historical Data

The historical data trend for Able Engineering 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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Able Engineering Holdings Days Sales Outstanding Chart

Able Engineering Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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62.75

75.70

41.78

39.86

44.50

Able Engineering Holdings Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial													36.52	27.11	46.60	23.01	30.11

Competitive Comparison of Able Engineering Holdings's Days Sales Outstanding

For the Engineering & Construction subindustry, Able Engineering 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.

Able Engineering Holdings's Days Sales Outstanding Distribution in the Construction Industry

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

* The bar in red indicates where Able Engineering Holdings's Days Sales Outstanding falls into.

Able Engineering 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.

Able Engineering Holdings's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (739.646	+	498.867)	/	2 )	/	5079.222	*	365
=	619.2565					/	5079.222	*	365
=	44.50

Able Engineering Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (498.867	+	501.714)	/	2 )	/	3032.016	*	365 / 2
=	500.2905					/	3032.016	*	365 / 2
=	30.11

Able Engineering Holdings (HKSE:01627) Days Sales Outstanding Explanation

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

Able Engineering Holdings Days Sales Outstanding Related Terms

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Able Engineering Holdings (HKSE:01627) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Able Engineering Holdings Ltd (HKSE:01627) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 155 Waterloo Road, Kowloon Tong, Kowloon, Hong Kong, HKG

Website

https://www.ableeng.com.hk

Able Engineering Holdings Ltd is engaged in building construction and repair, maintenance, alteration, and addition (RMAA) . The company is engaged in the construction and renovation of residential buildings, the design and construction of government facilities, skeleton fabrication, school reconstruction, public rental housing construction, and public housing construction. The company's projects include Project A9 in Kowloon City, project A10 in Tai Lam, project A11 in Ho Man Tin, project A12 in Repulse Bay, and others. Geographically, it derives revenue from Hong Kong.

Able Engineering Holdings (HKSE:01627) Headlines

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