Kangji Medical Holdings (HKSE:09997) Days Sales Outstanding : 68.94 (As of Dec. 2023)

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What is Kangji Medical Holdings Days Sales Outstanding?

Kangji Medical Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$216 Mil. Kangji Medical Holdings's Revenue for the six months ended in Dec. 2023 was HK$571 Mil. Hence, Kangji Medical Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 68.94.

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

HKSE:09997' s Days Sales Outstanding Range Over the Past 10 Years
Min: 40.29 Med: 44.15 Max: 77.27
Current: 73.74

During the past 7 years, Kangji Medical Holdings's highest Days Sales Outstanding was 77.27. The lowest was 40.29. And the median was 44.15.

HKSE:09997's Days Sales Outstanding is ranked worse than
60.72% of 807 companies
in the Medical Devices & Instruments industry
Industry Median: 64.19 vs HKSE:09997: 73.74

Kangji Medical Holdings's Days Sales Outstanding increased from Dec. 2022 (57.12) to Dec. 2023 (68.94).

Kangji Medical Holdings Days Sales Outstanding Historical Data

The historical data trend for Kangji Medical 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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Kangji Medical Holdings Days Sales Outstanding Chart

Kangji Medical Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

44.15

55.64

43.82

58.51

77.27

Kangji Medical Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial							37.72	54.94	57.12	75.90	68.94

Competitive Comparison of Kangji Medical Holdings's Days Sales Outstanding

For the Medical Instruments & Supplies subindustry, Kangji Medical 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.

Kangji Medical Holdings's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Kangji Medical Holdings's Days Sales Outstanding distribution charts can be found below:

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

Kangji Medical 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.

Kangji Medical 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
=	( (182.186	+	246.684)	/	2 )	/	1012.864	*	365
=	214.435					/	1012.864	*	365
=	77.27

Kangji Medical 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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (185.012	+	246.684)	/	2 )	/	571.427	*	365 / 2
=	215.848					/	571.427	*	365 / 2
=	68.94

Kangji Medical Holdings (HKSE:09997) Days Sales Outstanding Explanation

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

Kangji Medical Holdings Days Sales Outstanding Related Terms

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Kangji Medical Holdings (HKSE:09997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Kangji Medical Holdings Ltd (HKSE:09997) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

50J:Germany

Address

No. 1668 Chunjiang East Road, Tonglu Economic Development Zone, Zhejiang Province, Hangzhou, CHN

Website

https://www.kangjimedical.com

Kangji Medical Holdings Ltd is engaged in the production and sales of minimally invasive surgical instruments and accessories. The company offers a product portfolio to provide physicians and hospitals with one-shop and tailored surgical solutions for four surgical specialties OBGYN, general surgery, urology, and thoracic surgery. It manufactures and sells both disposable and reusable products. Its product portfolio includes disposable trocars, polymer ligation clips, disposable electrocoagulation forceps, and reusable trocar and forceps. It derives the majority of its revenue from Mainland China.

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