Meihao Medical Group Co (HKSE:01947) Days Sales Outstanding : 4.17 (As of Jun. 2023)

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What is Meihao Medical Group Co Days Sales Outstanding?

Meihao Medical Group Co's average Accounts Receivable for the six months ended in Jun. 2023 was HK$0.87 Mil. Meihao Medical Group Co's Revenue for the six months ended in Jun. 2023 was HK$38.27 Mil. Hence, Meihao Medical Group Co's Days Sales Outstanding for the six months ended in Jun. 2023 was 4.17.

The historical rank and industry rank for Meihao Medical Group Co's Days Sales Outstanding or its related term are showing as below:

HKSE:01947' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.69 Med: 2.76 Max: 3.95
Current: 3.95

During the past 5 years, Meihao Medical Group Co's highest Days Sales Outstanding was 3.95. The lowest was 1.69. And the median was 2.76.

HKSE:01947's Days Sales Outstanding is ranked better than
99.01% of 807 companies
in the Medical Devices & Instruments industry
Industry Median: 64.66 vs HKSE:01947: 3.95

Meihao Medical Group Co's Days Sales Outstanding increased from Jun. 2022 (2.00) to Jun. 2023 (4.17).

Meihao Medical Group Co Days Sales Outstanding Historical Data

The historical data trend for Meihao Medical Group Co'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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Meihao Medical Group Co Days Sales Outstanding Chart

Meihao Medical Group Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

3.79

3.28

2.23

1.69

3.28

Meihao Medical Group Co Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial			-	2.00	1.36	4.17	4.39

Competitive Comparison of Meihao Medical Group Co's Days Sales Outstanding

For the Medical Instruments & Supplies subindustry, Meihao Medical Group Co'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.

Meihao Medical Group Co's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Meihao Medical Group Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Meihao Medical Group Co's Days Sales Outstanding falls into.

Meihao Medical Group Co 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.

Meihao Medical Group Co's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (0.735	+	0.584)	/	2 )	/	142.278	*	365
=	0.6595					/	142.278	*	365
=	1.69

Meihao Medical Group Co's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding (Q: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (0.584	+	1.165)	/	2 )	/	38.266	*	365 / 2
=	0.8745					/	38.266	*	365 / 2
=	4.17

Meihao Medical Group Co (HKSE:01947) Days Sales Outstanding Explanation

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

Meihao Medical Group Co Days Sales Outstanding Related Terms

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Meihao Medical Group Co (HKSE:01947) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Meihao Medical Group Co Ltd (HKSE:01947) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

197 Fuqian Street, Lucheng District, Zhejiang Province, Wenzhou, CHN

Website

https://www.meihaomedical.com

Meihao Medical Group Co Ltd is a dental service provider in Wenzhou. It offers services to individuals, covering principally four dental sectors namely, general dentistry, reparative dentistry, implant dentistry, and orthodontics and cosmetic dentistry.

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