Vsolar Group Bhd (XKLS:0066) Days Sales Outstanding : 102.35 (As of Mar. 2024)

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What is Vsolar Group Bhd Days Sales Outstanding?

Vsolar Group Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM4.82 Mil. Vsolar Group Bhd's Revenue for the three months ended in Mar. 2024 was RM4.30 Mil. Hence, Vsolar Group Bhd's Days Sales Outstanding for the three months ended in Mar. 2024 was 102.35.

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

XKLS:0066' s Days Sales Outstanding Range Over the Past 10 Years
Min: 120.01 Med: 169.06 Max: 310.17
Current: 310.17

During the past 13 years, Vsolar Group Bhd's highest Days Sales Outstanding was 310.17. The lowest was 120.01. And the median was 169.06.

XKLS:0066's Days Sales Outstanding is ranked worse than
97.16% of 2461 companies
in the Hardware industry
Industry Median: 74.05 vs XKLS:0066: 310.17

Vsolar Group Bhd's Days Sales Outstanding declined from Mar. 2023 (249.98) to Mar. 2024 (102.35).

Vsolar Group Bhd Days Sales Outstanding Historical Data

The historical data trend for Vsolar Group Bhd'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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Vsolar Group Bhd Days Sales Outstanding Chart

Vsolar Group Bhd Annual Data

Trend

Dec12

Dec13

Dec14

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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180.06

226.45

120.01

129.93

292.89

Vsolar Group Bhd 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															249.98	1,153.14	322.02	395.94	102.35

Competitive Comparison of Vsolar Group Bhd's Days Sales Outstanding

For the Electronics & Computer Distribution subindustry, Vsolar Group Bhd'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.

Vsolar Group Bhd's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Vsolar Group Bhd's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Vsolar Group Bhd's Days Sales Outstanding falls into.

Vsolar Group Bhd 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.

Vsolar Group Bhd's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (3.945	+	10.412)	/	2 )	/	8.946	*	365
=	7.1785					/	8.946	*	365
=	292.89

Vsolar Group Bhd'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
=	( (3.195	+	6.442)	/	2 )	/	4.296	*	365 / 4
=	4.8185					/	4.296	*	365 / 4
=	102.35

Vsolar Group Bhd (XKLS:0066) Days Sales Outstanding Explanation

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

Vsolar Group Bhd Days Sales Outstanding Related Terms

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Vsolar Group Bhd (XKLS:0066) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Vsolar Group Bhd (XKLS:0066) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

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Address

No. 8, Persiaran Tropicana, Lot 13.3, 13th Floor, Menara Lien Hoe, Tropicana Golf & Country Resort, Petaling Jaya, SGR, MYS, 47410

Website

https://www.vsolar.com.my

Vsolar Group Bhd is an investment holding company as well as renewable energy, media publishing, software solutions and production house based in Malaysia. The company's operating segment includes Engineering works; Trading; Solar Energy and Others. It generates maximum revenue from the Trading segment. The trading segment is engaged in the trading of computer hardware. The solar energy segment is engaged in the supply of solar energy. Other segments comprise investment holding, trading, and distribution of software, providing information technology services and dormant companies. Geographically, it operates only in Malaysia. Engineering works segment engaged in Business of engineering solutions provider in connection with renewal energy business and other related engineering works.

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