Launch Tech Co (HKSE:02488) Days Sales Outstanding : 56.95 (As of Dec. 2024)

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What is Launch Tech Co Days Sales Outstanding?

Launch Tech Co's average Accounts Receivable for the six months ended in Dec. 2024 was HK$294 Mil. Launch Tech Co's Revenue for the six months ended in Dec. 2024 was HK$943 Mil. Hence, Launch Tech Co's Days Sales Outstanding for the six months ended in Dec. 2024 was 56.95.

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

HKSE:02488' s Days Sales Outstanding Range Over the Past 10 Years
Min: 39.93 Med: 67.56 Max: 134.84
Current: 50.5

During the past 13 years, Launch Tech Co's highest Days Sales Outstanding was 134.84. The lowest was 39.93. And the median was 67.56.

HKSE:02488's Days Sales Outstanding is ranked better than
62.35% of 1304 companies
in the Vehicles & Parts industry
Industry Median: 59.795 vs HKSE:02488: 50.50

Launch Tech Co's Days Sales Outstanding increased from Dec. 2023 (44.99) to Dec. 2024 (56.95).

Launch Tech Co Days Sales Outstanding Historical Data

The historical data trend for Launch Tech 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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Launch Tech Co Days Sales Outstanding Chart

Launch Tech Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Sales Outstanding

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52.23

39.93

56.39

46.37

52.45

Launch Tech Co Semi-Annual Data
	Jun15	Dec15	Jun16	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															54.74	48.44	44.99	43.22	56.95

Competitive Comparison of Launch Tech Co's Days Sales Outstanding

For the Auto Parts subindustry, Launch Tech 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.

Launch Tech Co's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Launch Tech Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Launch Tech Co's Days Sales Outstanding falls into.

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Launch Tech 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.

Launch Tech Co's Days Sales Outstanding for the fiscal year that ended in Dec. 2024 is calculated as

	Days Sales Outstanding (A: Dec. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )	/	Revenue (A: Dec. 2024 )	*	Days in Period
=	( (249.313	+	328.223)	/	2 )	/	2009.406	*	365
=	288.768					/	2009.406	*	365
=	52.45

Launch Tech Co's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding (Q: Dec. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2024 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )	/	Revenue (A: Dec. 2024 )	*	Days in Period
=	( (260.136	+	328.223)	/	2 )	/	942.752	*	365 / 2
=	294.1795					/	942.752	*	365 / 2
=	56.95

Launch Tech Co (HKSE:02488) Days Sales Outstanding Explanation

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

Launch Tech Co Days Sales Outstanding Related Terms

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Launch Tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Launch Tech Co Ltd (HKSE:02488) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

LAN:Germany

Address

Launch Industrial Park, North of Wuhe Road, Banxuegang, Longgang District, Shenzhen, CHN, 518129

Website

https://www.cnlaunch.com

Launch Tech Co Ltd principally engages in the provision of products and services serving the automotive aftermarket and the automobile industry mainly in the People's Republic of China and certain overseas countries. The company operates its business through three reportable segments. The Automotive Diagnosis segment generates the majority of the earnings for the company. It is involved in the research and development, production and sales of automotive diagnostic and inspection products. The Europe Overseas Sales segment covers development and maintenance of European distributors and customers. The U.S. Overseas Sales segment covers development and maintenance of distributors and customers in the Americas.

Executives

Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you
Cao Guanye	2101 Beneficial owner

Launch Tech Co Headlines

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