South China Vocational Education Group Co (HKSE:06913) Days Sales Outstanding : 2.16 (As of Dec. 2023)

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What is South China Vocational Education Group Co Days Sales Outstanding?

South China Vocational Education Group Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$3.6 Mil. South China Vocational Education Group Co's Revenue for the six months ended in Dec. 2023 was HK$304.4 Mil. Hence, South China Vocational Education Group Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 2.16.

The historical rank and industry rank for South China Vocational Education Group Co's Days Sales Outstanding or its related term are showing as below:

HKSE:06913' s Days Sales Outstanding Range Over the Past 10 Years
Min: 3.07 Med: 4.48 Max: 5.22
Current: 3.18

During the past 6 years, South China Vocational Education Group Co's highest Days Sales Outstanding was 5.22. The lowest was 3.07. And the median was 4.48.

HKSE:06913's Days Sales Outstanding is ranked better than
88.4% of 250 companies
in the Education industry
Industry Median: 27.545 vs HKSE:06913: 3.18

South China Vocational Education Group Co's Days Sales Outstanding declined from Dec. 2022 (3.05) to Dec. 2023 (2.16).

South China Vocational Education Group Co Days Sales Outstanding Historical Data

The historical data trend for South China Vocational Education Group 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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South China Vocational Education Group Co Days Sales Outstanding Chart

South China Vocational Education Group Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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3.94

5.22

4.71

5.06

4.25

South China Vocational Education Group Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial					4.07	2.36	3.05	3.12	2.16

Competitive Comparison of South China Vocational Education Group Co's Days Sales Outstanding

For the Education & Training Services subindustry, South China Vocational Education Group 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.

South China Vocational Education Group Co's Days Sales Outstanding Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, South China Vocational Education Group Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where South China Vocational Education Group Co's Days Sales Outstanding falls into.

South China Vocational Education Group 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.

South China Vocational Education Group Co'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
=	( (8.674	+	5.489)	/	2 )	/	608.364	*	365
=	7.0815					/	608.364	*	365
=	4.25

South China Vocational Education Group Co'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
=	( (1.716	+	5.489)	/	2 )	/	304.352	*	365 / 2
=	3.6025					/	304.352	*	365 / 2
=	2.16

South China Vocational Education Group Co (HKSE:06913) Days Sales Outstanding Explanation

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

South China Vocational Education Group Co Days Sales Outstanding Related Terms

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South China Vocational Education Group Co (HKSE:06913) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » South China Vocational Education Group Co Ltd (HKSE:06913) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 492 Da Guan Zhong Road, Tianhe District, Guangdong Province, Guangzhou, CHN

Website

https://www.scvedugroup.com

South China Vocational Education Group Co Ltd is a private formal vocational education service provider. The company offers a wide range of innovative courses and provides students with practical skills through extensive and in-depth school-enterprise cooperation projects.

Executives

Zhihui Guang Limited	2101 Beneficial owner
He Huishan	2201 Interest of corporation controlled by you
Zhou Lanqing	2201 Interest of corporation controlled by you
China Foreign Education Limited	2101 Beneficial owner
Du Wenyu	2202 Interest of your spouse
Fangyuan International Education Investment Limited	2101 Beneficial owner
Han Liqing	2202 Interest of your spouse
He Huifang	2201 Interest of corporation controlled by you
He Huifen	2201 Interest of corporation controlled by you

South China Vocational Education Group Co (HKSE:06913) Headlines

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