Renheng Enterprise Holdings (HKSE:03628) Days Sales Outstanding : 65.91 (As of Jun. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Renheng Enterprise Holdings Days Sales Outstanding?

Renheng Enterprise Holdings's average Accounts Receivable for the six months ended in Jun. 2023 was HK$20.9 Mil. Renheng Enterprise Holdings's Revenue for the six months ended in Jun. 2023 was HK$57.8 Mil. Hence, Renheng Enterprise Holdings's Days Sales Outstanding for the six months ended in Jun. 2023 was 65.91.

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

HKSE:03628' s Days Sales Outstanding Range Over the Past 10 Years
Min: 68.15 Med: 161.74 Max: 386.54
Current: 68.15

During the past 14 years, Renheng Enterprise Holdings's highest Days Sales Outstanding was 386.54. The lowest was 68.15. And the median was 161.74.

HKSE:03628's Days Sales Outstanding is ranked better than
62.02% of 2957 companies
in the Industrial Products industry
Industry Median: 79.38 vs HKSE:03628: 68.15

Renheng Enterprise Holdings's Days Sales Outstanding declined from Jun. 2022 (106.90) to Jun. 2023 (65.91).

Renheng Enterprise Holdings Days Sales Outstanding Historical Data

The historical data trend for Renheng Enterprise 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.

* Premium members only.

Renheng Enterprise Holdings Days Sales Outstanding Chart

Renheng Enterprise Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

196.36

146.79

107.93

96.05

65.90

Renheng Enterprise 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															123.88	106.90	93.95	65.91	72.18

Competitive Comparison of Renheng Enterprise Holdings's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Renheng Enterprise 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.

Renheng Enterprise Holdings's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Renheng Enterprise Holdings's Days Sales Outstanding distribution charts can be found below:

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

Renheng Enterprise 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.

Renheng Enterprise Holdings's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (19.338	+	17.02)	/	2 )	/	69.083	*	365
=	18.179					/	69.083	*	365
=	96.05

Renheng Enterprise Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding (Q: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (17.02	+	24.758)	/	2 )	/	57.84	*	365 / 2
=	20.889					/	57.84	*	365 / 2
=	65.91

Renheng Enterprise Holdings (HKSE:03628) Days Sales Outstanding Explanation

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

Renheng Enterprise Holdings Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Renheng Enterprise Holdings's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Renheng Enterprise Holdings (HKSE:03628) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Renheng Enterprise Holdings Ltd (HKSE:03628) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Harcourt Road, Room 3805, 38th Floor, Far East Finance Centre, Admiralty, Hong Kong, HKG

Website

https://www.renhengenterprise.com

Renheng Enterprise Holdings Ltd is an investment holding company that is engaged in the manufacture and sale of tobacco machinery products in the PRC. The company mainly produces three types of catalogued special-purpose tobacco machinery products, namely casing and flavoring system, pneumatic feeding system and pre-pressing packing machine. It is also engaged in the provision of maintenance, overhaul and modification services in respect of tobacco machinery products. The sale of catalogued special-purpose tobacco machinery products contributes most of the firm's revenue. All of the group's revenue are derived in the PRC.

Renheng Enterprise Holdings (HKSE:03628) Headlines

No Headlines