China Tourism Group Duty Free (SHSE:601888) Days Sales Outstanding : 1.06 (As of Sep. 2024)

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What is China Tourism Group Duty Free Days Sales Outstanding?

China Tourism Group Duty Free's average Accounts Receivable for the three months ended in Sep. 2024 was ¥137 Mil. China Tourism Group Duty Free's Revenue for the three months ended in Sep. 2024 was ¥11,756 Mil. Hence, China Tourism Group Duty Free's Days Sales Outstanding for the three months ended in Sep. 2024 was 1.06.

The historical rank and industry rank for China Tourism Group Duty Free's Days Sales Outstanding or its related term are showing as below:

SHSE:601888' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.63 Med: 5.86 Max: 15.63
Current: 0.92

During the past 13 years, China Tourism Group Duty Free's highest Days Sales Outstanding was 15.63. The lowest was 0.63. And the median was 5.86.

SHSE:601888's Days Sales Outstanding is ranked better than
97.31% of 1079 companies
in the Retail - Cyclical industry
Industry Median: 18.71 vs SHSE:601888: 0.92

China Tourism Group Duty Free's Days Sales Outstanding increased from Sep. 2023 (0.68) to Sep. 2024 (1.06).

China Tourism Group Duty Free Days Sales Outstanding Historical Data

The historical data trend for China Tourism Group Duty Free'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 Tourism Group Duty Free Days Sales Outstanding Chart

China Tourism Group Duty Free Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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4.24

0.97

0.63

0.86

0.78

China Tourism Group Duty Free Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Sales Outstanding	Get a 7-Day Free Trial															0.68	0.72	0.86	1.46	1.06

Competitive Comparison of China Tourism Group Duty Free's Days Sales Outstanding

For the Specialty Retail subindustry, China Tourism Group Duty Free'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 Tourism Group Duty Free's Days Sales Outstanding Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, China Tourism Group Duty Free's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where China Tourism Group Duty Free's Days Sales Outstanding falls into.

China Tourism Group Duty Free 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 Tourism Group Duty Free'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
=	( (151.301	+	138.84)	/	2 )	/	67540.105	*	365
=	145.0705					/	67540.105	*	365
=	0.78

China Tourism Group Duty Free's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding (Q: Sep. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2024 )	+	Accounts Receivable (A: Sep. 2024 ))	/	count )	/	Revenue (A: Sep. 2024 )	*	Days in Period
=	( (182.291	+	91.704)	/	2 )	/	11755.587	*	365 / 4
=	136.9975					/	11755.587	*	365 / 4
=	1.06

China Tourism Group Duty Free (SHSE:601888) 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 Tourism Group Duty Free Days Sales Outstanding Related Terms

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China Tourism Group Duty Free Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Tourism Group Duty Free Corp Ltd (SHSE:601888) » Definitions » Days Sales Outstanding

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01880:Hong Kong

Address

No. 2A, Dongzhimenwai Street, 8th Floor, Building A, Dongcheng District, Beijing, CHN, 100027

Website

https://www.ctgdutyfree.com.cn

Established in 1984, China Tourism Group Duty Free is China's largest and the world's second-largest travel retailer in 2023 with revenue of CNY 67.5 billion. The company primarily operates duty-free stores at airports, border crossings, offshore, downtown, and on flights, cruises and ships, with about 200 stores spanning over 30 provinces in China, as well as overseas. The company also operates a duty-paid business and its 2023 revenue mix comprised 66% duty-free sales and 34% duty-paid sales and others. CTG Duty Free is 50.3% owned by China Tourism Group, a state-owned enterprise that falls directly under the state-owned Asset Supervision and Administration Commission of the State Council.

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