Changhong Jiahua Holding (HKSE:03991) Days Sales Outstanding : 42.31 (As of Dec. 2023)

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What is Changhong Jiahua Holding Days Sales Outstanding?

Changhong Jiahua Holding's average Accounts Receivable for the six months ended in Dec. 2023 was HK$4,685 Mil. Changhong Jiahua Holding's Revenue for the six months ended in Dec. 2023 was HK$20,210 Mil. Hence, Changhong Jiahua Holding's Days Sales Outstanding for the six months ended in Dec. 2023 was 42.31.

The historical rank and industry rank for Changhong Jiahua Holding's Days Sales Outstanding or its related term are showing as below:

HKSE:03991' s Days Sales Outstanding Range Over the Past 10 Years
Min: 21.3 Med: 27.9 Max: 44.62
Current: 44.5

During the past 13 years, Changhong Jiahua Holding's highest Days Sales Outstanding was 44.62. The lowest was 21.30. And the median was 27.90.

HKSE:03991's Days Sales Outstanding is ranked better than
82.95% of 2458 companies
in the Hardware industry
Industry Median: 74.07 vs HKSE:03991: 44.50

Changhong Jiahua Holding's Days Sales Outstanding declined from Dec. 2022 (43.12) to Dec. 2023 (42.31).

Changhong Jiahua Holding Days Sales Outstanding Historical Data

The historical data trend for Changhong Jiahua Holding'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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Changhong Jiahua Holding Days Sales Outstanding Chart

Changhong Jiahua Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

21.30

23.49

30.70

40.98

44.62

Changhong Jiahua Holding 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															36.29	50.02	43.12	46.97	42.31

Competitive Comparison of Changhong Jiahua Holding's Days Sales Outstanding

For the Electronics & Computer Distribution subindustry, Changhong Jiahua Holding'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.

Changhong Jiahua Holding's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Changhong Jiahua Holding's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Changhong Jiahua Holding's Days Sales Outstanding falls into.

Changhong Jiahua Holding 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.

Changhong Jiahua Holding'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
=	( (4224.19	+	4863.658)	/	2 )	/	37170.632	*	365
=	4543.924					/	37170.632	*	365
=	44.62

Changhong Jiahua Holding'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
=	( (4506.047	+	4863.658)	/	2 )	/	20209.848	*	365 / 2
=	4684.8525					/	20209.848	*	365 / 2
=	42.31

Changhong Jiahua Holding (HKSE:03991) Days Sales Outstanding Explanation

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

Changhong Jiahua Holding Days Sales Outstanding Related Terms

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Changhong Jiahua Holding (HKSE:03991) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Changhong Jiahua Holding Ltd (HKSE:03991) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road, Unit 1412, 14th Foor, West Tower, Shun Tak Centre, Hong Kong, HKG

Website

https://www.changhongit.com

Changhong Jiahua Holding Ltd is an investment holding company. It operates through three segments viz. ICT Consumer Products which covers the distribution of ICT consumer products including personal computers, digital products, and IT accessories; ICT Corporate Products which is involved in the distribution of ICT corporate products including storage products, minicomputers, networking products, personal computer servers, and unified communication and contact center products; and Others include distribution of smartphones and development of its own-brand products including but not limited to intelligent terminals, sales of warranty packages and professional integrated ICT solutions and provision of ICT services. It derives prime revenue from Mainland China.

Executives

Zhu Jianqiu	2101 Beneficial owner
Changhong (hong Kong) Trading Ltd.	2201 Interest of corporation controlled by you
Sichuan Changhong Electric Co., Ltd.	2101 Beneficial owner
Fit Generation Holding Ltd.	2101 Beneficial owner

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