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Hongda Xingye Co (SZSE:002002) Days Sales Outstanding : 1,092.37 (As of Sep. 2023)


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What is Hongda Xingye Co Days Sales Outstanding?

Hongda Xingye Co's average Accounts Receivable for the three months ended in Sep. 2023 was ¥3,241 Mil. Hongda Xingye Co's Revenue for the three months ended in Sep. 2023 was ¥271 Mil. Hence, Hongda Xingye Co's Days Sales Outstanding for the three months ended in Sep. 2023 was 1,092.37.

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

SZSE:002002' s Days Sales Outstanding Range Over the Past 10 Years
Min: 25.51   Med: 83.11   Max: 358.38
Current: 358.38

During the past 13 years, Hongda Xingye Co's highest Days Sales Outstanding was 358.38. The lowest was 25.51. And the median was 83.11.

SZSE:002002's Days Sales Outstanding is not ranked
in the Chemicals industry.
Industry Median: 63.58 vs SZSE:002002: 358.38

Hongda Xingye Co's Days Sales Outstanding increased from Sep. 2022 (210.47) to Sep. 2023 (1,092.37).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.


Hongda Xingye Co Days Sales Outstanding Historical Data

The historical data trend for Hongda Xingye 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.

* Premium members only.

Hongda Xingye Co Days Sales Outstanding Chart

Hongda Xingye Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 94.73 127.47 130.54 124.13 216.09

Hongda Xingye Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 210.47 278.40 350.85 264.95 1,092.37

Competitive Comparison of Hongda Xingye Co's Days Sales Outstanding

For the Specialty Chemicals subindustry, Hongda Xingye 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.


Hongda Xingye Co's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hongda Xingye Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Hongda Xingye Co's Days Sales Outstanding falls into.



Hongda Xingye 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.

Hongda Xingye Co's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

Days Sales Outstanding (A: Dec. 2022 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count ) / Revenue (A: Dec. 2022 )*Days in Period
=( (2527.07 + 3182.843) / 2 ) / 4822.448*365
=2854.9565 / 4822.448*365
=216.09

Hongda Xingye Co'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: Jun. 2023 ) + Accounts Receivable (A: Sep. 2023 )) / count ) / Revenue (A: Sep. 2023 )*Days in Period
=( (3242.49 + 3239.856) / 2 ) / 270.748*365 / 4
=3241.173 / 270.748*365 / 4
=1,092.37

* 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.


Hongda Xingye Co  (SZSE:002002) Days Sales Outstanding Explanation

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


Hongda Xingye Co Days Sales Outstanding Related Terms

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Hongda Xingye Co (SZSE:002002) Business Description

Traded in Other Exchanges
N/A
Address
No.1 Guangzhou Circle Road, Guangzhou Circle, 28th Floor, Guangzhou, CHN, 510385
Hongda Xingye Co Ltd is a Chinese chemical resource company. It is engaged in the manufacture and sale of chemical products. The business areas of the company are New materials, Environmental protection, and Electronic trading. It offers products like soil conditioner, desulfurizer; environmental modification engineering services such as soil remediation, desulfuration, and denitration; PVC new materials like PVC, modified PVC, PVC building formwork, PVC pharmaceutical packaging material, PVC ecological houses; rare earth new materials such as rare earth heat stabilizer and rare earth catalyst. In addition, the company also provide services of the business to business e-commerce, comprehensive logistics, technical support for large spot industrial raw materials.
Executives
Chen Yong Supervisors
Liao Rui Hao Independent director
Zhou Yi Feng Directors, executives
Lin Shao Han Secretary, Director
Liu Dong Sheng Independent director
Wang Yu Yue Directors, executives
Yu Jing Securities Affairs Representative
Huang Ze Jun Executives
Ni Bao Zhu Executives
Fan Yu Ren Director

Hongda Xingye Co (SZSE:002002) Headlines

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