Maike Tube Industry Holdings (HKSE:01553) Days Sales Outstanding : 84.68 (As of Dec. 2023)

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What is Maike Tube Industry Holdings Days Sales Outstanding?

Maike Tube Industry Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$569 Mil. Maike Tube Industry Holdings's Revenue for the six months ended in Dec. 2023 was HK$1,227 Mil. Hence, Maike Tube Industry Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 84.68.

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

HKSE:01553' s Days Sales Outstanding Range Over the Past 10 Years
Min: 56.84 Med: 67.66 Max: 93.13
Current: 77.76

During the past 8 years, Maike Tube Industry Holdings's highest Days Sales Outstanding was 93.13. The lowest was 56.84. And the median was 67.66.

HKSE:01553's Days Sales Outstanding is ranked worse than
76.21% of 597 companies
in the Steel industry
Industry Median: 49.82 vs HKSE:01553: 77.76

Maike Tube Industry Holdings's Days Sales Outstanding increased from Dec. 2022 (57.91) to Dec. 2023 (84.68).

Maike Tube Industry Holdings Days Sales Outstanding Historical Data

The historical data trend for Maike Tube Industry 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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Maike Tube Industry Holdings Days Sales Outstanding Chart

Maike Tube Industry Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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78.17

69.45

56.84

61.73

75.76

Maike Tube Industry 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								52.52	60.32	57.91	72.55	84.68

Competitive Comparison of Maike Tube Industry Holdings's Days Sales Outstanding

For the Steel subindustry, Maike Tube Industry 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.

Maike Tube Industry Holdings's Days Sales Outstanding Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Maike Tube Industry Holdings's Days Sales Outstanding distribution charts can be found below:

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

Maike Tube Industry 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.

Maike Tube Industry 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
=	( (393.186	+	601.641)	/	2 )	/	2396.406	*	365
=	497.4135					/	2396.406	*	365
=	75.76

Maike Tube Industry 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
=	( (536.742	+	601.641)	/	2 )	/	1226.745	*	365 / 2
=	569.1915					/	1226.745	*	365 / 2
=	84.68

Maike Tube Industry Holdings (HKSE:01553) Days Sales Outstanding Explanation

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

Maike Tube Industry Holdings Days Sales Outstanding Related Terms

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Maike Tube Industry Holdings (HKSE:01553) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Maike Tube Industry Holdings Ltd (HKSE:01553) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4 Meide Street, Meigui Zone of Industrial Park, Pingyin County, Shandong Province, Jinan, CHN, 250400

Website

http://www.mechpipingtech.com

Maike Tube Industry Holdings Ltd is an investment holding company. The company, through its subsidiaries, is engaged in the manufacturing of steel pipe products and prefabricated pipe nipple products. Its steel pipe products are made through rolling steel plates and welding the seam and are mainly used for gas, water supply, HVAC, and fire extinguishing. The group offers ERW steel pipes, Standard prefabricated pipe nipples, Spiral Submerged Arc Welded steel pipes, Customised steel pipes, and Design and supply assembled piping systems. It has a business presence in the PRC, the US, Europe, and Other countries of which a majority of revenue is generated from the PRC.

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