Glory Flame Holdings (HKSE:08059) Days Sales Outstanding : 205.70 (As of Dec. 2023)

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What is Glory Flame Holdings Days Sales Outstanding?

Glory Flame Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was HK$56.1 Mil. Glory Flame Holdings's Revenue for the three months ended in Dec. 2023 was HK$24.9 Mil. Hence, Glory Flame Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 205.70.

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

HKSE:08059' s Days Sales Outstanding Range Over the Past 10 Years
Min: 92.21 Med: 149.52 Max: 212.59
Current: 212.59

During the past 11 years, Glory Flame Holdings's highest Days Sales Outstanding was 212.59. The lowest was 92.21. And the median was 149.52.

HKSE:08059's Days Sales Outstanding is ranked worse than
88.24% of 1641 companies
in the Construction industry
Industry Median: 73.38 vs HKSE:08059: 212.59

Glory Flame Holdings's Days Sales Outstanding increased from Dec. 2022 (160.15) to Dec. 2023 (205.70).

Glory Flame Holdings Days Sales Outstanding Historical Data

The historical data trend for Glory Flame 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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Glory Flame Holdings Days Sales Outstanding Chart

Glory Flame Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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144.46

173.01

154.58

172.68

207.45

Glory Flame Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															160.15	253.20	184.32	227.72	205.70

Competitive Comparison of Glory Flame Holdings's Days Sales Outstanding

For the Engineering & Construction subindustry, Glory Flame 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.

Glory Flame Holdings's Days Sales Outstanding Distribution in the Construction Industry

For the Construction industry and Industrials sector, Glory Flame Holdings's Days Sales Outstanding distribution charts can be found below:

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

Glory Flame 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.

Glory Flame 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
=	( (66.209	+	56.107)	/	2 )	/	107.606	*	365
=	61.158					/	107.606	*	365
=	207.45

Glory Flame 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: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0	+	56.107)	/	1 )	/	24.889	*	365 / 4
=	56.107					/	24.889	*	365 / 4
=	205.70

Glory Flame Holdings (HKSE:08059) Days Sales Outstanding Explanation

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

Glory Flame Holdings Days Sales Outstanding Related Terms

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Glory Flame Holdings (HKSE:08059) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Glory Flame Holdings Ltd (HKSE:08059) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Canton Road, Suite 821, 8th Floor, Ocean Centre, Harbour City, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

http://www.gf-holdings.com

Glory Flame Holdings Ltd is an investment holding company. The group mainly engages in the provision of concrete demolition services and manufacturing and trading of prefabricated construction components The geographical segments of the group are Hong Kong and the PRC.

Executives

Zhou Jin	2101 Beneficial owner
Zhu Zhou	2101 Beneficial owner
Huang Cheng	2101 Beneficial owner
Du Hao	2101 Beneficial owner

Glory Flame Holdings (HKSE:08059) Headlines

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