Finet Group (HKSE:08317) Days Sales Outstanding : 186.43 (As of Sep. 2023)

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What is Finet Group Days Sales Outstanding?

Finet Group's average Accounts Receivable for the three months ended in Sep. 2023 was HK$10.34 Mil. Finet Group's Revenue for the three months ended in Sep. 2023 was HK$5.06 Mil. Hence, Finet Group's Days Sales Outstanding for the three months ended in Sep. 2023 was 186.43.

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

HKSE:08317' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.75 Med: 60.83 Max: 371.14
Current: 371.14

During the past 13 years, Finet Group's highest Days Sales Outstanding was 371.14. The lowest was 6.75. And the median was 60.83.

HKSE:08317's Days Sales Outstanding is ranked worse than
96.92% of 1039 companies
in the Business Services industry
Industry Median: 58.15 vs HKSE:08317: 371.14

Finet Group's Days Sales Outstanding increased from Sep. 2022 (170.08) to Sep. 2023 (186.43).

Warning Sign:

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

Finet Group Days Sales Outstanding Historical Data

The historical data trend for Finet 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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Finet Group Days Sales Outstanding Chart

Finet Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

Get a 7-Day Free Trial

92.01

78.66

74.11

110.33

139.43

Finet Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															170.08	1,549.72	-	118.72	186.43

Competitive Comparison of Finet Group's Days Sales Outstanding

For the Specialty Business Services subindustry, Finet 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.

Finet Group's Days Sales Outstanding Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Finet Group's Days Sales Outstanding distribution charts can be found below:

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

Finet 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.

Finet Group's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (4.206	+	5.622)	/	2 )	/	12.864	*	365
=	4.914					/	12.864	*	365
=	139.43

Finet Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (0	+	10.336)	/	1 )	/	5.059	*	365 / 4
=	10.336					/	5.059	*	365 / 4
=	186.43

Finet Group (HKSE:08317) Days Sales Outstanding Explanation

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

Finet Group Days Sales Outstanding Related Terms

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Finet Group (HKSE:08317) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Finet Group Ltd (HKSE:08317) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

77-79 Gloucester Road, 30th Floor, Fortis Tower, Wanchai, Hong Kong, HKG

Website

http://ir.finet.hk/en

Finet Group Ltd is an investment holding company. The company has four business segments namely Financial Information, Advertising and Investor Relationship Service Business; Securities and Futures Business; Money Lending Business; and Property Investment Business. The Financial Information, Advertising and Investor Relationship Service Business segment involves in the development, production, and provision of financial information services and technology solutions to investors, corporate and retail clients. The Securities and Futures segment specializes in the provision of online securities and futures trading. The Money Lending Business segment engages in lending. The Property Investment segment involves in the real estate business.

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