Sunray Engineering Group (HKSE:08616) Days Sales Outstanding : 42.39 (As of Dec. 2023)

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What is Sunray Engineering Group Days Sales Outstanding?

Sunray Engineering Group's average Accounts Receivable for the three months ended in Dec. 2023 was HK$18.6 Mil. Sunray Engineering Group's Revenue for the three months ended in Dec. 2023 was HK$40.1 Mil. Hence, Sunray Engineering Group's Days Sales Outstanding for the three months ended in Dec. 2023 was 42.39.

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

HKSE:08616' s Days Sales Outstanding Range Over the Past 10 Years
Min: 30.48 Med: 36.31 Max: 50
Current: 32.15

During the past 6 years, Sunray Engineering Group's highest Days Sales Outstanding was 50.00. The lowest was 30.48. And the median was 36.31.

HKSE:08616's Days Sales Outstanding is ranked better than
87.79% of 1646 companies
in the Construction industry
Industry Median: 73.13 vs HKSE:08616: 32.15

Sunray Engineering Group's Days Sales Outstanding increased from Dec. 2022 (11.32) to Dec. 2023 (42.39).

Sunray Engineering Group Days Sales Outstanding Historical Data

The historical data trend for Sunray Engineering 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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Sunray Engineering Group Days Sales Outstanding Chart

Sunray Engineering Group Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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34.19

35.03

49.63

37.59

30.48

Sunray Engineering Group 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															11.32	36.01	49.14	35.82	42.39

Competitive Comparison of Sunray Engineering Group's Days Sales Outstanding

For the Engineering & Construction subindustry, Sunray Engineering 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.

Sunray Engineering Group's Days Sales Outstanding Distribution in the Construction Industry

For the Construction industry and Industrials sector, Sunray Engineering Group's Days Sales Outstanding distribution charts can be found below:

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

Sunray Engineering 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.

Sunray Engineering 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
=	( (15.813	+	21.402)	/	2 )	/	222.809	*	365
=	18.6075					/	222.809	*	365
=	30.48

Sunray Engineering Group'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
=	( (18.607	+	0)	/	1 )	/	40.057	*	365 / 4
=	18.607					/	40.057	*	365 / 4
=	42.39

Sunray Engineering Group (HKSE:08616) Days Sales Outstanding Explanation

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

Sunray Engineering Group Days Sales Outstanding Related Terms

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Sunray Engineering Group (HKSE:08616) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sunray Engineering Group Ltd (HKSE:08616) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

501-503 Castle Peak Road, 5/F, International Industrial Building, Kowloon, Hong Kong, HKG

Website

https://www.sunray.com.hk

Sunray Engineering Group Ltd is an investment holding company. The company's operating segment includes the Provision of building protection works and the Supply of building protection products. The company generates maximum revenue from the Provision of building protection works segment. The company's building protection works focus on waterproofing works, and are complemented by flooring works and joint sealant works. Geographically, the company derives a majority of revenue from Hong Kong and also has a presence in Macau.

Executives

Ultra Success Industries Limited	2101 Beneficial owner
Lam Ka Wing	2201 Interest of corporation controlled by you
Wong Pui Yee Edith	2202 Interest of your spouse

Sunray Engineering Group (HKSE:08616) Headlines

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