Ocean Star Technology Group (HKSE:08297) Days Sales Outstanding : 86.06 (As of Sep. 2024)

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What is Ocean Star Technology Group Days Sales Outstanding?

Ocean Star Technology Group's average Accounts Receivable for the three months ended in Sep. 2024 was HK$5.66 Mil. Ocean Star Technology Group's Revenue for the three months ended in Sep. 2024 was HK$6.00 Mil. Hence, Ocean Star Technology Group's Days Sales Outstanding for the three months ended in Sep. 2024 was 86.06.

The historical rank and industry rank for Ocean Star Technology Group's Days Sales Outstanding or its related term are showing as below:

HKSE:08297' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.34 Med: 4.89 Max: 425.73
Current: 425.73

During the past 10 years, Ocean Star Technology Group's highest Days Sales Outstanding was 425.73. The lowest was 2.34. And the median was 4.89.

HKSE:08297's Days Sales Outstanding is ranked worse than
96.67% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 52.8 vs HKSE:08297: 425.73

Ocean Star Technology Group's Days Sales Outstanding increased from Mar. 2023 (2.09) to Sep. 2024 (86.06).

Ocean Star Technology Group Days Sales Outstanding Historical Data

The historical data trend for Ocean Star Technology Group'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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Ocean Star Technology Group Days Sales Outstanding Chart

Ocean Star Technology Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

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30.78

3.40

2.75

2.34

3.10

Ocean Star Technology Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Sep24
Days Sales Outstanding	Get a 7-Day Free Trial															2.09	2.56	93.59	-	86.06

Competitive Comparison of Ocean Star Technology Group's Days Sales Outstanding

For the Apparel Manufacturing subindustry, Ocean Star Technology Group'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.

Ocean Star Technology Group's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Ocean Star Technology Group's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Ocean Star Technology Group's Days Sales Outstanding falls into.

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Ocean Star Technology Group 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.

Ocean Star Technology Group's Days Sales Outstanding for the fiscal year that ended in Mar. 2024 is calculated as

	Days Sales Outstanding (A: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (0.276	+	0.424)	/	2 )	/	41.173	*	365
=	0.35					/	41.173	*	365
=	3.10

Ocean Star Technology Group's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding (Q: Sep. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2024 )	+	Accounts Receivable (A: Sep. 2024 ))	/	count )	/	Revenue (A: Sep. 2024 )	*	Days in Period
=	( (0.424	+	10.893)	/	2 )	/	6	*	365 / 4
=	5.6585					/	6	*	365 / 4
=	86.06

Ocean Star Technology Group (HKSE:08297) Days Sales Outstanding Explanation

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

Ocean Star Technology Group Days Sales Outstanding Related Terms

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Ocean Star Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ocean Star Technology Group Ltd (HKSE:08297) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

6–8 Hung To Road, 1st Floor, Lok Kui Industrial Building, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.bodibra.com

Ocean Star Technology Group Ltd manufactures, develops, and designs women's lingerie. The company offers bras, bikinis, panties, and other related apparel. It has two segments namely Lingerie products and Others. The company earns maximum revenue from Hong Kong and has a presence in Macau and The PRC.

Executives

Global Succeed Group Limited	2101 Beneficial owner
Chan Lin So Alan	2201 Interest of corporation controlled by you
Yiu Koon Pong	2201 Interest of corporation controlled by you
Li Zhi	2201 Interest of corporation controlled by you

Ocean Star Technology Group Headlines

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