China New Higher Education Group (HKSE:02001) Days Sales Outstanding : 2.51 (As of Feb. 2024)

View and export this data going back to 2017. Start your Free Trial

What is China New Higher Education Group Days Sales Outstanding?

China New Higher Education Group's average Accounts Receivable for the six months ended in Feb. 2024 was HK$20 Mil. China New Higher Education Group's Revenue for the six months ended in Feb. 2024 was HK$1,425 Mil. Hence, China New Higher Education Group's Days Sales Outstanding for the six months ended in Feb. 2024 was 2.51.

The historical rank and industry rank for China New Higher Education Group's Days Sales Outstanding or its related term are showing as below:

HKSE:02001' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.26 Med: 6.44 Max: 13.33
Current: 3.82

During the past 10 years, China New Higher Education Group's highest Days Sales Outstanding was 13.33. The lowest was 2.26. And the median was 6.44.

HKSE:02001's Days Sales Outstanding is ranked better than
85.2% of 250 companies
in the Education industry
Industry Median: 27.545 vs HKSE:02001: 3.82

China New Higher Education Group's Days Sales Outstanding declined from Feb. 2023 (3.52) to Feb. 2024 (2.51).

China New Higher Education Group Days Sales Outstanding Historical Data

The historical data trend for China New Higher Education Group'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.

China New Higher Education Group Days Sales Outstanding Chart

China New Higher Education Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Aug20

Aug21

Aug22

Aug23

Days Sales Outstanding

Get a 7-Day Free Trial

13.33

6.44

2.26

China New Higher Education Group Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Days Sales Outstanding	Get a 7-Day Free Trial													11.28	9.31	3.52	4.73	2.51

Competitive Comparison of China New Higher Education Group's Days Sales Outstanding

For the Education & Training Services subindustry, China New Higher Education Group'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.

China New Higher Education Group's Days Sales Outstanding Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, China New Higher Education Group's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where China New Higher Education Group's Days Sales Outstanding falls into.

China New Higher Education Group 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.

China New Higher Education Group's Days Sales Outstanding for the fiscal year that ended in Aug. 2023 is calculated as

	Days Sales Outstanding (A: Aug. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )	/	Revenue (A: Aug. 2023 )	*	Days in Period
=	( (12.562	+	15.741)	/	2 )	/	2288.032	*	365
=	14.1515					/	2288.032	*	365
=	2.26

China New Higher Education Group's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding (Q: Feb. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Aug. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )	/	Revenue (A: Feb. 2024 )	*	Days in Period
=	( (15.741	+	23.401)	/	2 )	/	1425.301	*	365 / 2
=	19.571					/	1425.301	*	365 / 2
=	2.51

China New Higher Education Group (HKSE:02001) Days Sales Outstanding Explanation

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

China New Higher Education Group Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of China New Higher Education Group's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

China New Higher Education Group (HKSE:02001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China New Higher Education Group Ltd (HKSE:02001) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

8CN:Germany

Address

5A Shuguang Xili Street, 20th floor, Tower F, Phoenix Place, Chaoyang District, Beijing, CHN

Website

https://www.xingaojiao.com

China New Higher Education Group, or CNHE, is a leading higher education group in China. Its school network spans seven provinces. Total enrolled students reached about 140,000 for the academic year 2023/24 from 33,462 students as of December 2016. The rapid expansion is primarily attributable to school acquisitions. CNHE currently operates eight schools, up from only two schools in 2016.

Executives

Ubs Group Ag	2201 Interest of corporation controlled by you
Li Xiaoxuan	2101 Beneficial owner
Aspire Education Management Co., Ltd.	2101 Beneficial owner
Tx Capital (hk) Limited	2102 Investment manager
Greenwoods Asset Management Hong Kong Limited	2102 Investment manager
Invest Partner Group Limited	2201 Interest of corporation controlled by you
Jiang Jinzhi	2201 Interest of corporation controlled by you
Aspire Education Technology Co., Ltd.	2101 Beneficial owner

China New Higher Education Group (HKSE:02001) Headlines

No Headlines