China Daye Non-Ferrous Metals Mining (HKSE:00661) Days Sales Outstanding : 1.54 (As of Dec. 2023)

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What is China Daye Non-Ferrous Metals Mining Days Sales Outstanding?

China Daye Non-Ferrous Metals Mining's average Accounts Receivable for the six months ended in Dec. 2023 was HK$219 Mil. China Daye Non-Ferrous Metals Mining's Revenue for the six months ended in Dec. 2023 was HK$25,831 Mil. Hence, China Daye Non-Ferrous Metals Mining's Days Sales Outstanding for the six months ended in Dec. 2023 was 1.54.

The historical rank and industry rank for China Daye Non-Ferrous Metals Mining's Days Sales Outstanding or its related term are showing as below:

HKSE:00661' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.8 Med: 2.04 Max: 4.17
Current: 1.24

During the past 13 years, China Daye Non-Ferrous Metals Mining's highest Days Sales Outstanding was 4.17. The lowest was 0.80. And the median was 2.04.

HKSE:00661's Days Sales Outstanding is ranked better than
97.07% of 786 companies
in the Metals & Mining industry
Industry Median: 42.45 vs HKSE:00661: 1.24

China Daye Non-Ferrous Metals Mining's Days Sales Outstanding increased from Dec. 2022 (0.52) to Dec. 2023 (1.54).

China Daye Non-Ferrous Metals Mining Days Sales Outstanding Historical Data

The historical data trend for China Daye Non-Ferrous Metals Mining'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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China Daye Non-Ferrous Metals Mining Days Sales Outstanding Chart

China Daye Non-Ferrous Metals Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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3.41

2.50

1.26

0.80

1.60

China Daye Non-Ferrous Metals Mining 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															0.79	0.60	0.52	0.53	1.54

Competitive Comparison of China Daye Non-Ferrous Metals Mining's Days Sales Outstanding

For the Copper subindustry, China Daye Non-Ferrous Metals Mining'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 Daye Non-Ferrous Metals Mining's Days Sales Outstanding Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, China Daye Non-Ferrous Metals Mining's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where China Daye Non-Ferrous Metals Mining's Days Sales Outstanding falls into.

China Daye Non-Ferrous Metals Mining 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 Daye Non-Ferrous Metals Mining'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
=	( (63.384	+	367.013)	/	2 )	/	48984.584	*	365
=	215.1985					/	48984.584	*	365
=	1.60

China Daye Non-Ferrous Metals Mining'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
=	( (69.988	+	367.013)	/	2 )	/	25831.331	*	365 / 2
=	218.5005					/	25831.331	*	365 / 2
=	1.54

China Daye Non-Ferrous Metals Mining (HKSE:00661) 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 Daye Non-Ferrous Metals Mining Days Sales Outstanding Related Terms

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China Daye Non-Ferrous Metals Mining (HKSE:00661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Daye Non-Ferrous Metals Mining Ltd (HKSE:00661) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

1008 Tai Nan West Street, China United Plaza, Room 1, 11th Floor, Kowloon, Hong Kong, HKG

Website

http://www.hk661.com

China Daye Non-Ferrous Metals Mining Ltd is engaged in the mining and processing of mineral ores and trading of metal products in the PRC. The company's mining product portfolio consists of Copper cathodes, Other copper products, Gold and other gold products, Silver and other silver products, Iron ores, Sulphuric acid and sulphuric concentrate, and others, of which key revenue is generated from the sale of copper cathodes. The group has a business presence in the PRC, Hong Kong and The Republic of Mongolia. It derives a majority of the revenue from the PRC.

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