Longfor Group Holdings (Longfor Group Holdings) Days Sales Outstanding : 0.17 (As of Dec. 2023)

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What is Longfor Group Holdings Days Sales Outstanding?

Longfor Group Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was $16 Mil. Longfor Group Holdings's Revenue for the six months ended in Dec. 2023 was $16,623 Mil. Hence, Longfor Group Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 0.17.

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

LGFRY' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.17 Med: 6.58 Max: 16.16
Current: 0.34

During the past 13 years, Longfor Group Holdings's highest Days Sales Outstanding was 16.16. The lowest was 0.17. And the median was 6.58.

LGFRY's Days Sales Outstanding is ranked better than
98.08% of 1668 companies
in the Real Estate industry
Industry Median: 36.985 vs LGFRY: 0.34

Longfor Group Holdings's Days Sales Outstanding declined from Dec. 2022 (0.36) to Dec. 2023 (0.17).

Longfor Group Holdings Days Sales Outstanding Historical Data

The historical data trend for Longfor Group 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.

Longfor Group Holdings Days Sales Outstanding Chart

Longfor Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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6.92

2.97

0.17

0.30

0.39

Longfor Group Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															0.12	0.43	0.36	0.61	0.17

Competitive Comparison of Longfor Group Holdings's Days Sales Outstanding

For the Real Estate - Development subindustry, Longfor Group 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.

Longfor Group Holdings's Days Sales Outstanding Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Longfor Group Holdings's Days Sales Outstanding distribution charts can be found below:

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

Longfor Group 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.

Longfor Group 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
=	( (40.403	+	13.731)	/	2 )	/	25312.537	*	365
=	27.067					/	25312.537	*	365
=	0.39

Longfor Group 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
=	( (17.402	+	13.731)	/	2 )	/	16623.086	*	365 / 2
=	15.5665					/	16623.086	*	365 / 2
=	0.17

Longfor Group Holdings (OTCPK:LGFRY) Days Sales Outstanding Explanation

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

Longfor Group Holdings Days Sales Outstanding Related Terms

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Longfor Group Holdings (Longfor Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Longfor Group Holdings Ltd (OTCPK:LGFRY) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

LNGPF:USA 00960:Hong Kong RLF:Germany

Address

No. 8 Beiyuan Street, Building 6, Beijing Longfor Blue Engine Industrial Park, Chaoyang District, Beijing, CHN, 100012

Website

https://www.longfor.com

Longfor Group Holdings, or Longfor, is a privately owned real estate developer in China with contracted sales value placing it among the top 10 of all China's developers. The company focuses on developing high-quality residential projects, as well as operating shopping malls and rental apartments in China's wealthier cities. Property development represents the majority of Longfor's revenue and gross profit, while income from commercial properties, property management, and project management services have been growing fast. At the end of 2022, Wu Yajun remained Longfor's largest shareholder with an over 43% equity interest, while her ex-husband Cai Kui has a 23% stake.