Changjiu Holdings (HKSE:06959) Days Sales Outstanding : 105.47 (As of Jun. 2024)

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What is Changjiu Holdings Days Sales Outstanding?

Changjiu Holdings's average Accounts Receivable for the six months ended in Jun. 2024 was HK$209.8 Mil. Changjiu Holdings's Revenue for the six months ended in Jun. 2024 was HK$363.0 Mil. Hence, Changjiu Holdings's Days Sales Outstanding for the six months ended in Jun. 2024 was 105.47.

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

HKSE:06959' s Days Sales Outstanding Range Over the Past 10 Years
Min: 33.88 Med: 46.63 Max: 103.2
Current: 103.2

During the past 4 years, Changjiu Holdings's highest Days Sales Outstanding was 103.20. The lowest was 33.88. And the median was 46.63.

HKSE:06959's Days Sales Outstanding is ranked worse than
77.56% of 2718 companies
in the Software industry
Industry Median: 61.38 vs HKSE:06959: 103.20

Changjiu Holdings's Days Sales Outstanding increased from Jun. 2023 (83.52) to Jun. 2024 (105.47).

Changjiu Holdings Days Sales Outstanding Historical Data

The historical data trend for Changjiu 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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Changjiu Holdings Days Sales Outstanding Chart

Changjiu Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

33.88

37.65

55.61

74.88

Changjiu Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Sales Outstanding	Get a 7-Day Free Trial			44.12	63.93	83.52	93.26	105.47

Competitive Comparison of Changjiu Holdings's Days Sales Outstanding

For the Software - Application subindustry, Changjiu 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.

Changjiu Holdings's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, Changjiu Holdings's Days Sales Outstanding distribution charts can be found below:

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

Changjiu 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.

Changjiu 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
=	( (113.135	+	174.872)	/	2 )	/	701.954	*	365
=	144.0035					/	701.954	*	365
=	74.88

Changjiu Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding (Q: Jun. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )	/	Revenue (A: Jun. 2024 )	*	Days in Period
=	( (174.872	+	244.739)	/	2 )	/	363.026	*	365 / 2
=	209.8055					/	363.026	*	365 / 2
=	105.47

Changjiu Holdings (HKSE:06959) Days Sales Outstanding Explanation

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

Changjiu Holdings Days Sales Outstanding Related Terms

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Changjiu Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Changjiu Holdings Ltd (HKSE:06959) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 99 Shigezhuang Road, Changjiu Building, Chaoyang, Beijing, CHN

Website

Changjiu Holdings Ltd provides pledged vehicle monitoring services and automobile dealership operation management services in China. It offers pledged vehicle monitoring services primarily to (i) financial institutions that provide secured financing to automobile dealerships for their purchase of vehicles; and (ii) automobile dealerships with pledged vehicles.

Executives

Bo Shijiu
Li Guiping
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Changjiu Holdings Headlines

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