Cirtek Holdings (HKSE:01433) Days Sales Outstanding : 33.81 (As of Dec. 2023)

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What is Cirtek Holdings Days Sales Outstanding?

Cirtek Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$39.3 Mil. Cirtek Holdings's Revenue for the six months ended in Dec. 2023 was HK$212.1 Mil. Hence, Cirtek Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 33.81.

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

HKSE:01433' s Days Sales Outstanding Range Over the Past 10 Years
Min: 39.7 Med: 44.23 Max: 59.86
Current: 39.7

During the past 8 years, Cirtek Holdings's highest Days Sales Outstanding was 59.86. The lowest was 39.70. And the median was 44.23.

HKSE:01433's Days Sales Outstanding is ranked better than
66.44% of 1031 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.12 vs HKSE:01433: 39.70

Cirtek Holdings's Days Sales Outstanding declined from Dec. 2022 (42.94) to Dec. 2023 (33.81).

Cirtek Holdings Days Sales Outstanding Historical Data

The historical data trend for Cirtek 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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Cirtek Holdings Days Sales Outstanding Chart

Cirtek Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

46.54

59.86

45.52

43.16

43.06

Cirtek Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial								38.95	44.10	42.94	43.61	33.81

Competitive Comparison of Cirtek Holdings's Days Sales Outstanding

For the Apparel Manufacturing subindustry, Cirtek 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.

Cirtek Holdings's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Cirtek Holdings's Days Sales Outstanding distribution charts can be found below:

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

Cirtek 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.

Cirtek 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
=	( (42.923	+	44.912)	/	2 )	/	372.31	*	365
=	43.9175					/	372.31	*	365
=	43.06

Cirtek 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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (33.66	+	44.912)	/	2 )	/	212.055	*	365 / 2
=	39.286					/	212.055	*	365 / 2
=	33.81

Cirtek Holdings (HKSE:01433) Days Sales Outstanding Explanation

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

Cirtek Holdings Days Sales Outstanding Related Terms

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Cirtek Holdings (HKSE:01433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Cirtek Holdings Ltd (HKSE:01433) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Cheung Yue Street, 1st Floor, Wing Ming Industrial Centre, Lai Chi Kok, Kowloon, Hong Kong, HKG

Website

http://www.cirtek.com

Cirtek Holdings Ltd is engaged in manufacturing and sale of apparel products, such as hang tags, woven labels, printed labels and heat transfer products. It generates revenue from Hong Kong, Mainland China, Bangladesh, Vietnam, U.S and Other countries.

Executives

Charming International Limited	2101 Beneficial owner
Chan Sing Ming Barry	2201 Interest of corporation controlled by you
Law Miu Lan	2201 Interest of corporation controlled by you

Cirtek Holdings (HKSE:01433) Headlines

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