ICO Group (HKSE:01460) Days Sales Outstanding : 102.29 (As of Sep. 2023)

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What is ICO Group Days Sales Outstanding?

ICO Group's average Accounts Receivable for the six months ended in Sep. 2023 was HK$290.0 Mil. ICO Group's Revenue for the six months ended in Sep. 2023 was HK$517.5 Mil. Hence, ICO Group's Days Sales Outstanding for the six months ended in Sep. 2023 was 102.29.

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

HKSE:01460' s Days Sales Outstanding Range Over the Past 10 Years
Min: 34.73 Med: 83.46 Max: 107.3
Current: 100.79

During the past 10 years, ICO Group's highest Days Sales Outstanding was 107.30. The lowest was 34.73. And the median was 83.46.

HKSE:01460's Days Sales Outstanding is ranked worse than
76.57% of 2732 companies
in the Software industry
Industry Median: 61.675 vs HKSE:01460: 100.79

ICO Group's Days Sales Outstanding increased from Sep. 2022 (96.98) to Sep. 2023 (102.29).

ICO Group Days Sales Outstanding Historical Data

The historical data trend for ICO Group'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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ICO Group Days Sales Outstanding Chart

ICO Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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97.37

100.87

84.85

82.07

98.07

ICO Group 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															75.78	92.25	96.98	100.72	102.29

Competitive Comparison of ICO Group's Days Sales Outstanding

For the Information Technology Services subindustry, ICO Group'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.

ICO Group's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, ICO Group's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where ICO Group's Days Sales Outstanding falls into.

ICO Group 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.

ICO Group'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
=	( (189.808	+	281.616)	/	2 )	/	877.322	*	365
=	235.712					/	877.322	*	365
=	98.07

ICO Group'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
=	( (281.616	+	298.482)	/	2 )	/	517.49	*	365 / 2
=	290.049					/	517.49	*	365 / 2
=	102.29

ICO Group (HKSE:01460) Days Sales Outstanding Explanation

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

ICO Group Days Sales Outstanding Related Terms

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ICO Group (HKSE:01460) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ICO Group Ltd (HKSE:01460) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

No. 10 Shing Yip Street, Unit A, 25th Floor, TG Place, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.1460.hk

ICO Group Ltd along with its subsidiaries is engaged in the provision of Information technology(IT) solutions and services. The business activity of the group is functioned through IT application and solution development; IT infrastructure solutions; IT secondment services; Maintenance and support services, and Property leasing and e-commerce business segment. The company drives a majority of the revenue from The IT Infrastructure solutions segment which is engaged in the provision of IT infrastructure solutions and sale of IT infrastructure solution related hardware and software. Geographically, the activities are carried out in Hong Kong and the PRC, of which maximum revenue is generated from Hong Kong.

Executives

Chan Kwok Pui	2101 Beneficial owner
Lee Cheong Yuen	2401 A concert party to an agreement to buy shares
Saetia Ladda	2202 Interest of your spouse
Tam Kwok Wah	2401 A concert party to an agreement to buy shares
Choi Chiu Fai Stanley
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