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HK Asia Holdings (HKSE:01723) Days Sales Outstanding : 1.85 (As of Sep. 2023)


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What is HK Asia Holdings Days Sales Outstanding?

HK Asia Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$1.3 Mil. HK Asia Holdings's Revenue for the six months ended in Sep. 2023 was HK$129.0 Mil. Hence, HK Asia Holdings's Days Sales Outstanding for the six months ended in Sep. 2023 was 1.85.

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

HKSE:01723' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.07   Med: 2.01   Max: 6.04
Current: 1.84

During the past 8 years, HK Asia Holdings's highest Days Sales Outstanding was 6.04. The lowest was 1.07. And the median was 2.01.

HKSE:01723's Days Sales Outstanding is ranked better than
99.21% of 379 companies
in the Telecommunication Services industry
Industry Median: 56.93 vs HKSE:01723: 1.84

HK Asia Holdings's Days Sales Outstanding increased from Sep. 2022 (1.37) to Sep. 2023 (1.85).


HK Asia Holdings Days Sales Outstanding Historical Data

The historical data trend for HK Asia 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.

* Premium members only.

HK Asia Holdings Days Sales Outstanding Chart

HK Asia Holdings Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Sales Outstanding
Get a 7-Day Free Trial 3.97 1.57 2.05 1.07 1.49

HK Asia Holdings Semi-Annual Data
Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 1.27 0.58 1.37 1.99 1.85

Competitive Comparison of HK Asia Holdings's Days Sales Outstanding

For the Telecom Services subindustry, HK Asia 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.


HK Asia Holdings's Days Sales Outstanding Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, HK Asia Holdings's Days Sales Outstanding distribution charts can be found below:

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



HK Asia 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.

HK Asia 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
=( (0.219 + 1.456) / 2 ) / 204.568*365
=0.8375 / 204.568*365
=1.49

HK Asia 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
=( (1.456 + 1.163) / 2 ) / 129.004*365 / 2
=1.3095 / 129.004*365 / 2
=1.85

* 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.


HK Asia Holdings  (HKSE:01723) Days Sales Outstanding Explanation

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


HK Asia Holdings Days Sales Outstanding Related Terms

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HK Asia Holdings (HKSE:01723) Business Description

Traded in Other Exchanges
N/A
Address
23 Wing Wo Street, Sheung Wan, 24th Floor, Chun Wo Commercial Centre, Hong Kong, HKG
HK Asia Holdings Ltd is principally engaged in wholesale and retail sales of the Pre-paid Products such as SIM Cards and Top-up Vouchers. The Group currently has one operating segment which is revenue from sale of the Pre-paid Products i.e. SIM Cards and top-up vouchers. Geographically, it operates only in Hong Kong.

HK Asia Holdings (HKSE:01723) Headlines

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