China Southern Airlines Co (SHSE:600029) Days Sales Outstanding : 7.91 (As of Mar. 2024)

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What is China Southern Airlines Co Days Sales Outstanding?

China Southern Airlines Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥3,864 Mil. China Southern Airlines Co's Revenue for the three months ended in Mar. 2024 was ¥44,601 Mil. Hence, China Southern Airlines Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 7.91.

The historical rank and industry rank for China Southern Airlines Co's Days Sales Outstanding or its related term are showing as below:

SHSE:600029' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.82 Med: 8.48 Max: 11.63
Current: 8.17

During the past 13 years, China Southern Airlines Co's highest Days Sales Outstanding was 11.63. The lowest was 6.82. And the median was 8.48.

SHSE:600029's Days Sales Outstanding is ranked better than
93.78% of 964 companies
in the Transportation industry
Industry Median: 45.73 vs SHSE:600029: 8.17

China Southern Airlines Co's Days Sales Outstanding declined from Mar. 2023 (8.17) to Mar. 2024 (7.91).

China Southern Airlines Co Days Sales Outstanding Historical Data

The historical data trend for China Southern Airlines Co'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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China Southern Airlines Co Days Sales Outstanding Chart

China Southern Airlines Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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7.24

11.32

9.76

11.63

6.82

China Southern Airlines Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															8.17	9.25	8.12	8.57	7.91

Competitive Comparison of China Southern Airlines Co's Days Sales Outstanding

For the Airlines subindustry, China Southern Airlines Co'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.

China Southern Airlines Co's Days Sales Outstanding Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, China Southern Airlines Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where China Southern Airlines Co's Days Sales Outstanding falls into.

China Southern Airlines Co 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.

China Southern Airlines Co'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
=	( (2656	+	3322)	/	2 )	/	159929	*	365
=	2989					/	159929	*	365
=	6.82

China Southern Airlines Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (3322	+	4406)	/	2 )	/	44601	*	365 / 4
=	3864					/	44601	*	365 / 4
=	7.91

China Southern Airlines Co (SHSE:600029) Days Sales Outstanding Explanation

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

China Southern Airlines Co Days Sales Outstanding Related Terms

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China Southern Airlines Co (SHSE:600029) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Southern Airlines Co Ltd (SHSE:600029) » Definitions » Days Sales Outstanding

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CHKIF:USA 01055:Hong Kong ZNHH:Germany

Address

68 Qixin Road, China Southern Air Building, Baiyun District, Guangdong Province, Guangzhou, CHN, 510403

Website

https://www.csair.com

China Southern Airlines is based in Guangzhou and is one of the three largest state-owned airlines in China. The group operated a fleet of 894 aircraft as of 2022 and carried more than 150 million passengers in prepandemic 2019, ranking first in Asia. It runs a spoke-and-hub model under which it gathers and distributes passengers from air hubs like Guangzhou and Beijing. The group's route network extends to over 243 destinations and 44 countries and regions.

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