Hong Kong and China Gas Co (Hong Kong and China Gas Co) Days Sales Outstanding : 27.25 (As of Dec. 2023)

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What is Hong Kong and China Gas Co Days Sales Outstanding?

Hong Kong and China Gas Co's average Accounts Receivable for the six months ended in Dec. 2023 was $531 Mil. Hong Kong and China Gas Co's Revenue for the six months ended in Dec. 2023 was $3,559 Mil. Hence, Hong Kong and China Gas Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 27.25.

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

HOKCY' s Days Sales Outstanding Range Over the Past 10 Years
Min: 25.89 Med: 34.1 Max: 44.81
Current: 27.22

During the past 13 years, Hong Kong and China Gas Co's highest Days Sales Outstanding was 44.81. The lowest was 25.89. And the median was 34.10.

HOKCY's Days Sales Outstanding is ranked better than
86.17% of 506 companies
in the Utilities - Regulated industry
Industry Median: 53.49 vs HOKCY: 27.22

Hong Kong and China Gas Co's Days Sales Outstanding increased from Dec. 2022 (24.00) to Dec. 2023 (27.25).

Hong Kong and China Gas Co Days Sales Outstanding Historical Data

The historical data trend for Hong Kong and China Gas 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.

Hong Kong and China Gas Co Days Sales Outstanding Chart

Hong Kong and China Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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33.14

33.99

27.47

25.87

28.96

Hong Kong and China Gas Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															24.39	24.71	24.00	25.60	27.25

Competitive Comparison of Hong Kong and China Gas Co's Days Sales Outstanding

For the Utilities - Regulated Gas subindustry, Hong Kong and China Gas 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.

Hong Kong and China Gas Co's Days Sales Outstanding Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hong Kong and China Gas Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Hong Kong and China Gas Co's Days Sales Outstanding falls into.

Hong Kong and China Gas 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.

Hong Kong and China Gas 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
=	( (569.733	+	587.8)	/	2 )	/	7294.822	*	365
=	578.7665					/	7294.822	*	365
=	28.96

Hong Kong and China Gas Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (475.118	+	587.8)	/	2 )	/	3558.798	*	365 / 2
=	531.459					/	3558.798	*	365 / 2
=	27.25

Hong Kong and China Gas Co (OTCPK:HOKCY) Days Sales Outstanding Explanation

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

Hong Kong and China Gas Co Days Sales Outstanding Related Terms

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Hong Kong and China Gas Co (Hong Kong and China Gas Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hong Kong and China Gas Co Ltd (OTCPK:HOKCY) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

HOKCF:USA 00003:Hong Kong HCG:Germany

Address

363 Java Road, 23rd Floor, North Point, Hong Kong, HKG

Website

http://www.towngas.com

Hong Kong and China Gas Co Ltd, is the oldest public utility company in Hong Kong. The company's core business comprises the production and distribution of town gas in Hong Kong, with a monopoly on distribution and retail. In the mainland, the company has a gas distribution business with 267 projects across 26 provinces. HKCG is also investing in water, upstream gas, and new energies. The business mix is approximately 90% gas utilities and 10% new energy. HKCG also holds a 15.8% stake in International Financial Center, a Grade A office building in the Hong Kong central business district.

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