Hingtex Holdings (HKSE:01968) Days Sales Outstanding : 37.50 (As of Jun. 2024)

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What is Hingtex Holdings Days Sales Outstanding?

Hingtex Holdings's average Accounts Receivable for the six months ended in Jun. 2024 was HK$22.6 Mil. Hingtex Holdings's Revenue for the six months ended in Jun. 2024 was HK$110.1 Mil. Hence, Hingtex Holdings's Days Sales Outstanding for the six months ended in Jun. 2024 was 37.50.

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

HKSE:01968' s Days Sales Outstanding Range Over the Past 10 Years
Min: 13.64 Med: 29.06 Max: 69.22
Current: 26.55

During the past 10 years, Hingtex Holdings's highest Days Sales Outstanding was 69.22. The lowest was 13.64. And the median was 29.06.

HKSE:01968's Days Sales Outstanding is ranked better than
82.61% of 1018 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 52.47 vs HKSE:01968: 26.55

Hingtex Holdings's Days Sales Outstanding declined from Jun. 2023 (96.62) to Jun. 2024 (37.50).

Hingtex Holdings Days Sales Outstanding Historical Data

The historical data trend for Hingtex 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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Hingtex Holdings Days Sales Outstanding Chart

Hingtex Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Sales Outstanding

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32.48

13.64

46.68

69.22

35.34

Hingtex Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Sales Outstanding	Get a 7-Day Free Trial													76.01	96.62	82.07	37.50	52.20

Competitive Comparison of Hingtex Holdings's Days Sales Outstanding

For the Textile Manufacturing subindustry, Hingtex 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.

Hingtex Holdings's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hingtex Holdings's Days Sales Outstanding distribution charts can be found below:

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

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Hingtex 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.

Hingtex 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
=	( (48.26	+	13.52)	/	2 )	/	162.884	*	365
=	30.89					/	162.884	*	365
=	69.22

Hingtex Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding (Q: Jun. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )	/	Revenue (A: Jun. 2024 )	*	Days in Period
=	( (13.52	+	31.745)	/	2 )	/	110.135	*	365 / 2
=	22.6325					/	110.135	*	365 / 2
=	37.50

Hingtex Holdings (HKSE:01968) Days Sales Outstanding Explanation

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

Hingtex Holdings Days Sales Outstanding Related Terms

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Hingtex Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hingtex Holdings Ltd (HKSE:01968) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Gaoping Industrial Area, Guangdong Province, Zhongshan, CHN

Website

https://www.hwtextiles.com.hk

Hingtex Holdings Ltd manufactures and sells denim fabric. It sells denim fabrics and yarns directly to customers, which mainly include garment manufacturers. The company's denim fabrics are categorized into three types, namely non-stretchable denim fabrics, stretchable cotton denim fabrics, and stretchable blended denim fabrics. Geographically, it has a world-wide business presence and derives key revenue from the PRC and Hong Kong.

Executives

Manford Investment Holdings Limited	2101 Beneficial owner
Fung Cheong Chi	2202 Interest of your spouse
Lau Chung Chau	2201 Interest of corporation controlled by you
Li Chi Hiu Lawrence	2202 Interest of your spouse
Li Ka Mei	2202 Interest of your spouse
Tung Cheuk Ming Stanley	2201 Interest of corporation controlled by you
Tung Tsun Hong	2201 Interest of corporation controlled by you
Tung Wai Lai Mabel	2201 Interest of corporation controlled by you
Tung Wai Ting Stephen	2201 Interest of corporation controlled by you
Tung Wei Ling Barbara	2201 Interest of corporation controlled by you

Hingtex Holdings Headlines

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