Vedan International (Holdings) (HKSE:02317) Days Sales Outstanding : 29.51 (As of Dec. 2023)

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What is Vedan International (Holdings) Days Sales Outstanding?

Vedan International (Holdings)'s average Accounts Receivable for the six months ended in Dec. 2023 was HK$249 Mil. Vedan International (Holdings)'s Revenue for the six months ended in Dec. 2023 was HK$1,541 Mil. Hence, Vedan International (Holdings)'s Days Sales Outstanding for the six months ended in Dec. 2023 was 29.51.

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

HKSE:02317' s Days Sales Outstanding Range Over the Past 10 Years
Min: 26.79 Med: 31.88 Max: 33.52
Current: 30.73

During the past 13 years, Vedan International (Holdings)'s highest Days Sales Outstanding was 33.52. The lowest was 26.79. And the median was 31.88.

HKSE:02317's Days Sales Outstanding is ranked better than
63.39% of 1841 companies
in the Consumer Packaged Goods industry
Industry Median: 39.36 vs HKSE:02317: 30.73

Vedan International (Holdings)'s Days Sales Outstanding declined from Dec. 2022 (32.06) to Dec. 2023 (29.51).

Vedan International (Holdings) Days Sales Outstanding Historical Data

The historical data trend for Vedan International (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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Vedan International (Holdings) Days Sales Outstanding Chart

Vedan International (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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31.99

30.36

29.73

26.79

31.97

Vedan International (Holdings) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															33.78	30.06	32.06	30.79	29.51

Competitive Comparison of Vedan International (Holdings)'s Days Sales Outstanding

For the Packaged Foods subindustry, Vedan International (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.

Vedan International (Holdings)'s Days Sales Outstanding Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Vedan International (Holdings)'s Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Vedan International (Holdings)'s Days Sales Outstanding falls into.

Vedan International (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.

Vedan International (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
=	( (264.626	+	263.62)	/	2 )	/	3015.918	*	365
=	264.123					/	3015.918	*	365
=	31.97

Vedan International (Holdings)'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
=	( (234.669	+	263.62)	/	2 )	/	1540.577	*	365 / 2
=	249.1445					/	1540.577	*	365 / 2
=	29.51

Vedan International (Holdings) (HKSE:02317) Days Sales Outstanding Explanation

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

Vedan International (Holdings) Days Sales Outstanding Related Terms

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Vedan International (Holdings) (HKSE:02317) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vedan International (Holdings) Ltd (HKSE:02317) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

National Road 51, Hamlet 1A, Long Thanh District, Phuoc Thai, Dong Nai Province, Ho Chi Minh, VNM

Website

http://www.vedaninternational.com

Vedan International (Holdings) Ltd is an investment holding company engaged in the manufacture and sale of fermentation-based food additives, biochemical products and cassava starch-based industrial products including modified starch, glucose syrup, Monosodium Glutamate (MSG), soda and glutamic acid (GA). The products are sold to food distributors, international trading companies, and manufacturers of food, paper, textiles, and chemical products in Vietnam, other ASEAN member countries, the People's Republic of China (the PRC), Japan, Taiwan, and several European countries.

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