Apex Ace Holding (HKSE:06036) Days Sales Outstanding : 78.72 (As of Dec. 2023)

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What is Apex Ace Holding Days Sales Outstanding?

Apex Ace Holding's average Accounts Receivable for the six months ended in Dec. 2023 was HK$690 Mil. Apex Ace Holding's Revenue for the six months ended in Dec. 2023 was HK$1,600 Mil. Hence, Apex Ace Holding's Days Sales Outstanding for the six months ended in Dec. 2023 was 78.72.

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

HKSE:06036' s Days Sales Outstanding Range Over the Past 10 Years
Min: 43.08 Med: 64.49 Max: 102.39
Current: 93.46

During the past 10 years, Apex Ace Holding's highest Days Sales Outstanding was 102.39. The lowest was 43.08. And the median was 64.49.

HKSE:06036's Days Sales Outstanding is ranked worse than
66% of 2462 companies
in the Hardware industry
Industry Median: 74.315 vs HKSE:06036: 93.46

Apex Ace Holding's Days Sales Outstanding declined from Dec. 2022 (99.14) to Dec. 2023 (78.72).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Apex Ace Holding Days Sales Outstanding Historical Data

The historical data trend for Apex Ace 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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Apex Ace Holding Days Sales Outstanding Chart

Apex Ace Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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93.74

102.39

68.02

71.08

99.61

Apex Ace Holding Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial												74.99	59.57	99.14	110.45	78.72

Competitive Comparison of Apex Ace Holding's Days Sales Outstanding

For the Electronics & Computer Distribution subindustry, Apex Ace 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.

Apex Ace Holding's Days Sales Outstanding Distribution in the Hardware Industry

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

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

Apex Ace 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.

Apex Ace 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
=	( (562.741	+	818.065)	/	2 )	/	2529.796	*	365
=	690.403					/	2529.796	*	365
=	99.61

Apex Ace 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
=	( (562.414	+	818.065)	/	2 )	/	1600.19	*	365 / 2
=	690.2395					/	1600.19	*	365 / 2
=	78.72

Apex Ace Holding (HKSE:06036) Days Sales Outstanding Explanation

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

Apex Ace Holding Days Sales Outstanding Related Terms

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Apex Ace Holding (HKSE:06036) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Apex Ace Holding Ltd (HKSE:06036) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

6011 Shennan Avenue, 26K, NEO Tower A, Futian District, Shenzhen, CHN

Website

https://www.apexace.com

Apex Ace Holding Ltd is a distributor of semiconductors and other electronic components and is engaged in the supply of digital storage products and general electronic components along with the provision of complementary technical support. It focuses on identifying, sourcing, selling and distributing electronic components produced by upstream manufacturers to downstream manufacturers in the PRC and Hong Kong. Its Digital Storage products include DRAM, FLASH and MCP memory products, which are applied to multimedia and mobile devices such as set-top boxes, smart TVs, wearable devices, mobile phones. Its General components include switches, connectors, passive components, main chips, sensors, power semiconductors and analog-to-digital converters.

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