China Gas Holdings (HKSE:00384) Days Sales Outstanding : 29.90 (As of Sep. 2023)

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What is China Gas Holdings Days Sales Outstanding?

China Gas Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$5,905 Mil. China Gas Holdings's Revenue for the six months ended in Sep. 2023 was HK$36,049 Mil. Hence, China Gas Holdings's Days Sales Outstanding for the six months ended in Sep. 2023 was 29.90.

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

HKSE:00384' s Days Sales Outstanding Range Over the Past 10 Years
Min: 14.18 Med: 17.9 Max: 26.54
Current: 26.54

During the past 13 years, China Gas Holdings's highest Days Sales Outstanding was 26.54. The lowest was 14.18. And the median was 17.90.

HKSE:00384's Days Sales Outstanding is ranked better than
87.3% of 504 companies
in the Utilities - Regulated industry
Industry Median: 53.495 vs HKSE:00384: 26.54

China Gas Holdings's Days Sales Outstanding increased from Sep. 2022 (26.52) to Sep. 2023 (29.90).

China Gas Holdings Days Sales Outstanding Historical Data

The historical data trend for China Gas Holdings'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.

China Gas Holdings Days Sales Outstanding Chart

China Gas Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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17.84

17.96

22.88

23.84

23.85

China Gas Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															29.28	23.06	26.52	24.26	29.90

Competitive Comparison of China Gas Holdings's Days Sales Outstanding

For the Utilities - Regulated Gas subindustry, China Gas Holdings'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 Gas Holdings's Days Sales Outstanding Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where China Gas Holdings's Days Sales Outstanding falls into.

China Gas Holdings 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 Gas Holdings's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (5740.964	+	6282.627)	/	2 )	/	91988.445	*	365
=	6011.7955					/	91988.445	*	365
=	23.85

China Gas Holdings'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: Mar. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (6282.627	+	5527.963)	/	2 )	/	36049.154	*	365 / 2
=	5905.295					/	36049.154	*	365 / 2
=	29.90

China Gas Holdings (HKSE:00384) 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 Gas Holdings Days Sales Outstanding Related Terms

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China Gas Holdings (HKSE:00384) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Gas Holdings Ltd (HKSE:00384) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

CGHOF:USA CGHLY:USA EBZ:Germany

Address

151 Gloucester Road, Room 1601, 16th Floor, Capital Centre, Wan Chai, Hong Kong, HKG

Website

http://www.chinagasholdings.com.hk

China Gas Holdings is involved in the wholesale and retail businesses of natural gas and liquefied petroleum gas in China. As of fiscal 2023 (ended March 31, 2023), the group had secured a total of 661 piped gas concessions, 533 compressed natural gas/liquefied natural gas refilling stations for vehicles, and 106 LPG distribution projects in China. In total, CGH has connected 45.4 million residential households and achieved a penetration rate of 68.6%.

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