Tongcheng Travel Holdings (HKSE:00780) Days Sales Outstanding : 38.26 (As of Dec. 2023)

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What is Tongcheng Travel Holdings Days Sales Outstanding?

Tongcheng Travel Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was HK$1,442 Mil. Tongcheng Travel Holdings's Revenue for the three months ended in Dec. 2023 was HK$3,439 Mil. Hence, Tongcheng Travel Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 38.26.

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

HKSE:00780' s Days Sales Outstanding Range Over the Past 10 Years
Min: 32.61 Med: 49.3 Max: 164.13
Current: 37.18

During the past 9 years, Tongcheng Travel Holdings's highest Days Sales Outstanding was 164.13. The lowest was 32.61. And the median was 49.30.

HKSE:00780's Days Sales Outstanding is ranked worse than
56.16% of 803 companies
in the Travel & Leisure industry
Industry Median: 28.69 vs HKSE:00780: 37.18

Tongcheng Travel Holdings's Days Sales Outstanding declined from Dec. 2022 (67.94) to Dec. 2023 (38.26).

Tongcheng Travel Holdings Days Sales Outstanding Historical Data

The historical data trend for Tongcheng Travel 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.

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Tongcheng Travel Holdings Days Sales Outstanding Chart

Tongcheng Travel Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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48.67

60.32

38.07

45.00

32.61

Tongcheng Travel Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															67.94	37.71	40.38	37.18	38.26

Competitive Comparison of Tongcheng Travel Holdings's Days Sales Outstanding

For the Travel Services subindustry, Tongcheng Travel 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.

Tongcheng Travel Holdings's Days Sales Outstanding Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tongcheng Travel Holdings's Days Sales Outstanding distribution charts can be found below:

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

Tongcheng Travel 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.

Tongcheng Travel Holdings'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
=	( (992.173	+	1332.538)	/	2 )	/	13011.861	*	365
=	1162.3555					/	13011.861	*	365
=	32.61

Tongcheng Travel Holdings'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: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (1551.889	+	1332.538)	/	2 )	/	3439.434	*	365 / 4
=	1442.2135					/	3439.434	*	365 / 4
=	38.26

Tongcheng Travel Holdings (HKSE:00780) Days Sales Outstanding Explanation

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

Tongcheng Travel Holdings Days Sales Outstanding Related Terms

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Tongcheng Travel Holdings (HKSE:00780) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Tongcheng Travel Holdings Ltd (HKSE:00780) » Definitions » Days Sales Outstanding

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Address

No. 188, Yuxin Road, Tongcheng Mansion, Suzhou Industrial Park, Jiangsu, CHN

Website

https://www.tongchengir.com

Tongcheng Travel is an online travel agency platform that provides booking services for hotel and ticketing in China. It generated 88% of its revenue from accommodation reservations and transportation ticketing in the third quarter of 2022. The rest came from advertising and in-house software sales. The platform provides both online and offline services in the form of call centers. Tongcheng Travel was formed from the merger of Tongcheng Network and eLong in 2018. It is currently 21.38% owned by Tencent and 20.86% by Trip.com. Tongcheng targets lower-tier cities and as of 2021, 86.7% of its users are from non-first-tier cities in China and 61.7% of new paying users on Weixin were from Tier 3 or below cities in China. The company competes with Trip.com, Alibaba's Fliggy, and Meituan.

Tongcheng Travel Holdings (HKSE:00780) Headlines

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