Henglin Home Furnishings Co (SHSE:603661) Days Sales Outstanding : 41.58 (As of Sep. 2024)

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What is Henglin Home Furnishings Co Days Sales Outstanding?

Henglin Home Furnishings Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥1,370 Mil. Henglin Home Furnishings Co's Revenue for the three months ended in Sep. 2024 was ¥3,007 Mil. Hence, Henglin Home Furnishings Co's Days Sales Outstanding for the three months ended in Sep. 2024 was 41.58.

The historical rank and industry rank for Henglin Home Furnishings Co's Days Sales Outstanding or its related term are showing as below:

SHSE:603661' s Days Sales Outstanding Range Over the Past 10 Years
Min: 42.73 Med: 49.91 Max: 63.29
Current: 50.42

During the past 11 years, Henglin Home Furnishings Co's highest Days Sales Outstanding was 63.29. The lowest was 42.73. And the median was 49.91.

SHSE:603661's Days Sales Outstanding is ranked better than
52.21% of 429 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 53 vs SHSE:603661: 50.42

Henglin Home Furnishings Co's Days Sales Outstanding declined from Sep. 2023 (56.05) to Sep. 2024 (41.58).

Henglin Home Furnishings Co Days Sales Outstanding Historical Data

The historical data trend for Henglin Home Furnishings 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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Henglin Home Furnishings Co Days Sales Outstanding Chart

Henglin Home Furnishings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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63.29

48.56

42.73

47.64

55.87

Henglin Home Furnishings Co 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															56.05	53.10	57.83	53.80	41.58

Competitive Comparison of Henglin Home Furnishings Co's Days Sales Outstanding

For the Furnishings, Fixtures & Appliances subindustry, Henglin Home Furnishings 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.

Henglin Home Furnishings Co's Days Sales Outstanding Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Henglin Home Furnishings Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Henglin Home Furnishings Co's Days Sales Outstanding falls into.

Henglin Home Furnishings 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.

Henglin Home Furnishings 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
=	( (1035.505	+	1473.362)	/	2 )	/	8194.591	*	365
=	1254.4335					/	8194.591	*	365
=	55.87

Henglin Home Furnishings Co'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
=	( (1379.975	+	1360.331)	/	2 )	/	3006.745	*	365 / 4
=	1370.153					/	3006.745	*	365 / 4
=	41.58

Henglin Home Furnishings Co (SHSE:603661) Days Sales Outstanding Explanation

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

Henglin Home Furnishings Co Days Sales Outstanding Related Terms

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Henglin Home Furnishings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Henglin Home Furnishings Co Ltd (SHSE:603661) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 378-380, Jiaxi Road, Dipu Street, Dipu Town, Anji County, Huzhou, CHN, 313300

Website

http://w.henglin.com

Henglin Home Furnishings Co Ltd manufactures and markets office furniture. The company integrates research and development, manufacturing and selling a health range product like office chairs, sofas, and massage chairs. It has several retailers in Europe, the United States, Japan, and other overseas markets.

Executives

Ceng Wei

Director

Henglin Home Furnishings Co Headlines

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