Cornerstone Technologies Holdings (HKSE:08391) Days Sales Outstanding : 120.67 (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Cornerstone Technologies Holdings Days Sales Outstanding?

Cornerstone Technologies Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was HK$34.6 Mil. Cornerstone Technologies Holdings's Revenue for the three months ended in Dec. 2023 was HK$26.2 Mil. Hence, Cornerstone Technologies Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 120.67.

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

HKSE:08391' s Days Sales Outstanding Range Over the Past 10 Years
Min: 60.23 Med: 84.68 Max: 140.34
Current: 94.02

During the past 8 years, Cornerstone Technologies Holdings's highest Days Sales Outstanding was 140.34. The lowest was 60.23. And the median was 84.68.

HKSE:08391's Days Sales Outstanding is ranked worse than
81% of 1037 companies
in the Business Services industry
Industry Median: 58.33 vs HKSE:08391: 94.02

Cornerstone Technologies Holdings's Days Sales Outstanding declined from Dec. 2022 (136.36) to Dec. 2023 (120.67).

Cornerstone Technologies Holdings Days Sales Outstanding Historical Data

The historical data trend for Cornerstone Technologies 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.

* Premium members only.

Cornerstone Technologies Holdings Days Sales Outstanding Chart

Cornerstone Technologies Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

87.40

104.90

81.95

140.34

120.19

Cornerstone Technologies 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															136.36	123.28	67.58	94.19	120.67

Competitive Comparison of Cornerstone Technologies Holdings's Days Sales Outstanding

For the Specialty Business Services subindustry, Cornerstone Technologies 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.

Cornerstone Technologies Holdings's Days Sales Outstanding Distribution in the Business Services Industry

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

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

Cornerstone Technologies 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.

Cornerstone Technologies 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
=	( (16.83	+	34.625)	/	2 )	/	78.132	*	365
=	25.7275					/	78.132	*	365
=	120.19

Cornerstone Technologies 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	+	34.625)	/	1 )	/	26.183	*	365 / 4
=	34.625					/	26.183	*	365 / 4
=	120.67

Cornerstone Technologies Holdings (HKSE:08391) Days Sales Outstanding Explanation

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

Cornerstone Technologies Holdings Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Cornerstone Technologies Holdings's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Cornerstone Technologies Holdings (HKSE:08391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Cornerstone Technologies Holdings Ltd (HKSE:08391) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Science Museum Road, Office Units 1107 - 11, 11th Floor, New East Ocean Centre, Kowloon - District, Hong Kong, HKG

Website

https://www.cstl.com.hk

Cornerstone Technologies Holdings Ltd is an investment holding company. It is a printing services provider which principally engages in the provisions of printing, typesetting and translation services in Hong Kong. The group is also engaged in supplying EV integrated charging solutions, including central management system, hub for e-payment, load management system and license plate recognition system to electric vehicle and smart parking. It derives prime revenue from the Printing business.

Cornerstone Technologies Holdings (HKSE:08391) Headlines

No Headlines