Ming Shing Group Holdings (Ming Shing Group Holdings) Days Sales Outstanding : 52.09 (As of Sep. 2023)

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What is Ming Shing Group Holdings Days Sales Outstanding?

Ming Shing Group Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was $3.77 Mil. Ming Shing Group Holdings's Revenue for the six months ended in Sep. 2023 was $13.21 Mil. Hence, Ming Shing Group Holdings's Days Sales Outstanding for the six months ended in Sep. 2023 was 52.09.

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

MSW's Days Sales Outstanding is not ranked ^*
in the Construction industry.
Industry Median: 73.13
* Ranked among companies with meaningful Days Sales Outstanding only.

Ming Shing Group Holdings's Days Sales Outstanding declined from Sep. 2022 (56.84) to Sep. 2023 (52.09).

Ming Shing Group Holdings Days Sales Outstanding Historical Data

The historical data trend for Ming Shing 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.

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Ming Shing Group Holdings Days Sales Outstanding Chart

Ming Shing Group Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Days Sales Outstanding

18.62

51.82

59.20

Ming Shing Group Holdings Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial			12.80	69.44	56.84	51.91	52.09

Competitive Comparison of Ming Shing Group Holdings's Days Sales Outstanding

For the Engineering & Construction subindustry, Ming Shing 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.

Ming Shing Group Holdings's Days Sales Outstanding Distribution in the Construction Industry

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

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

Ming Shing 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.

Ming Shing Group Holdings'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
=	( (3.77	+	3.324)	/	2 )	/	21.868	*	365
=	3.547					/	21.868	*	365
=	59.20

Ming Shing Group Holdings'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: Mar. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (3.324	+	4.218)	/	2 )	/	13.211	*	365 / 2
=	3.771					/	13.211	*	365 / 2
=	52.09

Ming Shing Group Holdings (NAS:MSW) Days Sales Outstanding Explanation

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

Ming Shing Group Holdings Days Sales Outstanding Related Terms

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Ming Shing Group Holdings (Ming Shing Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ming Shing Group Holdings Ltd (NAS:MSW) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Tai Yau Street, 8th Floor, Cheong Tai Factory Building, San Po Kong, Kowloon, Hong Kong, HKG

Website

https://www.ms100.com.hk

Ming Shing Group Holdings Ltd is a holding company, which is primarily operated through its indirectly wholly-owned Hong Kong Operating Subsidiaries, MS (HK) Engineering Limited and MS Engineering Co., Limited. It is engaged in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works and marble works. the company is mainly engaged in private-sector projects in Hong Kong. Its private sector projects mainly involve private residential developments and commercial developments. The project owners of its private sector projects are generally property developers, and its customers are generally main contractors and wet trades work subcontractors engaged under such projects.

Ming Shing Group Holdings (Ming Shing Group Holdings) Headlines

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