China Weaving Materials Holdings (HKSE:03778) Days Sales Outstanding : 4.72 (As of Dec. 2023)

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What is China Weaving Materials Holdings Days Sales Outstanding?

China Weaving Materials Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$18 Mil. China Weaving Materials Holdings's Revenue for the six months ended in Dec. 2023 was HK$712 Mil. Hence, China Weaving Materials Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 4.72.

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

HKSE:03778' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.51 Med: 4.11 Max: 6.78
Current: 4.5

During the past 13 years, China Weaving Materials Holdings's highest Days Sales Outstanding was 6.78. The lowest was 2.51. And the median was 4.11.

HKSE:03778's Days Sales Outstanding is ranked better than
98.25% of 1030 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 52.78 vs HKSE:03778: 4.50

China Weaving Materials Holdings's Days Sales Outstanding increased from Dec. 2022 (2.70) to Dec. 2023 (4.72).

China Weaving Materials Holdings Days Sales Outstanding Historical Data

The historical data trend for China Weaving Materials 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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China Weaving Materials Holdings Days Sales Outstanding Chart

China Weaving Materials Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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4.85

4.45

2.51

2.93

3.77

China Weaving Materials 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															2.79	3.57	2.70	5.06	4.72

Competitive Comparison of China Weaving Materials Holdings's Days Sales Outstanding

For the Textile Manufacturing subindustry, China Weaving Materials 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.

China Weaving Materials Holdings's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Weaving Materials Holdings's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where China Weaving Materials Holdings's Days Sales Outstanding falls into.

China Weaving Materials 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.

China Weaving Materials 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
=	( (7.893	+	17.11)	/	2 )	/	1210.862	*	365
=	12.5015					/	1210.862	*	365
=	3.77

China Weaving Materials 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
=	( (19.747	+	17.11)	/	2 )	/	712.468	*	365 / 2
=	18.4285					/	712.468	*	365 / 2
=	4.72

China Weaving Materials Holdings (HKSE:03778) 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 Weaving Materials Holdings Days Sales Outstanding Related Terms

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China Weaving Materials Holdings (HKSE:03778) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Weaving Materials Holdings Ltd (HKSE:03778) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Fengtian Economic Development Zone, Fengxin County, Jiangxi Province, Yichun, CHN

Website

https://www.chinaweavingmaterials.com

China Weaving Materials Holdings Ltd is an investment holding company. It is principally engaged in the business of manufacturing and trading of yarns products and related raw materials. The company operates in two segments: Yarns, which manufactures and trades yarns; and Staple fibers segment manufactures and trades polyester staple fibers. It generates maximum revenue from the Yarns segment. Geographically, it derives revenue from the PRC.

Executives

Zheng Yongxiang

2101 Beneficial owner

China Weaving Materials Holdings (HKSE:03778) Headlines

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