Hongcheng Environmental Technology Co (HKSE:02265) Days Sales Outstanding : 146.46 (As of Dec. 2023)

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What is Hongcheng Environmental Technology Co Days Sales Outstanding?

Hongcheng Environmental Technology Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$51.6 Mil. Hongcheng Environmental Technology Co's Revenue for the six months ended in Dec. 2023 was HK$64.3 Mil. Hence, Hongcheng Environmental Technology Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 146.46.

The historical rank and industry rank for Hongcheng Environmental Technology Co's Days Sales Outstanding or its related term are showing as below:

HKSE:02265' s Days Sales Outstanding Range Over the Past 10 Years
Min: 20.58 Med: 61.14 Max: 192.01
Current: 188.6

During the past 6 years, Hongcheng Environmental Technology Co's highest Days Sales Outstanding was 192.01. The lowest was 20.58. And the median was 61.14.

HKSE:02265's Days Sales Outstanding is ranked worse than
79.04% of 229 companies
in the Waste Management industry
Industry Median: 72.65 vs HKSE:02265: 188.60

Hongcheng Environmental Technology Co's Days Sales Outstanding increased from Dec. 2022 (117.22) to Dec. 2023 (146.46).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Hongcheng Environmental Technology Co Days Sales Outstanding Historical Data

The historical data trend for Hongcheng Environmental Technology 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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Hongcheng Environmental Technology Co Days Sales Outstanding Chart

Hongcheng Environmental Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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26.82

20.58

54.82

108.04

192.01

Hongcheng Environmental Technology Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial				70.54	97.10	117.22	235.28	146.46

Competitive Comparison of Hongcheng Environmental Technology Co's Days Sales Outstanding

For the Waste Management subindustry, Hongcheng Environmental Technology 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.

Hongcheng Environmental Technology Co's Days Sales Outstanding Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Hongcheng Environmental Technology Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Hongcheng Environmental Technology Co's Days Sales Outstanding falls into.

Hongcheng Environmental Technology 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.

Hongcheng Environmental Technology Co'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
=	( (79.815	+	44.453)	/	2 )	/	118.115	*	365
=	62.134					/	118.115	*	365
=	192.01

Hongcheng Environmental Technology Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (58.824	+	44.453)	/	2 )	/	64.346	*	365 / 2
=	51.6385					/	64.346	*	365 / 2
=	146.46

Hongcheng Environmental Technology Co (HKSE:02265) Days Sales Outstanding Explanation

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

Hongcheng Environmental Technology Co Days Sales Outstanding Related Terms

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Hongcheng Environmental Technology Co (HKSE:02265) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Hongcheng Environmental Technology Co Ltd (HKSE:02265) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yeyan Road North, Dadongzhuang Village North, Shahe Town, Shandong Province, Yantai, Laizhou, CHN

Website

http://www.sdhcgroup.cn

Hongcheng Environmental Technology Co Ltd is an investment holding company. The company and its subsidiaries are engaged in the provision of gold mine hazardous waste treatment services and recycling and extracting therefrom resources with economic value for sale, such as pyrite concentrate.

Executives

Zeming International Investment Co., Ltd.	2101 Beneficial owner
Liu Ze Ming	2201 Interest of corporation controlled by you
Li Li Yan	2202 Interest of your spouse

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