Prosperous Industrial (Holdings) (HKSE:01731) Days Sales Outstanding : 102.58 (As of Dec. 2023)

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What is Prosperous Industrial (Holdings) Days Sales Outstanding?

Prosperous Industrial (Holdings)'s average Accounts Receivable for the six months ended in Dec. 2023 was HK$407 Mil. Prosperous Industrial (Holdings)'s Revenue for the six months ended in Dec. 2023 was HK$725 Mil. Hence, Prosperous Industrial (Holdings)'s Days Sales Outstanding for the six months ended in Dec. 2023 was 102.58.

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

HKSE:01731' s Days Sales Outstanding Range Over the Past 10 Years
Min: 61.95 Med: 66.09 Max: 85.25
Current: 85.25

During the past 9 years, Prosperous Industrial (Holdings)'s highest Days Sales Outstanding was 85.25. The lowest was 61.95. And the median was 66.09.

HKSE:01731's Days Sales Outstanding is ranked worse than
75.7% of 1033 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.35 vs HKSE:01731: 85.25

Prosperous Industrial (Holdings)'s Days Sales Outstanding increased from Dec. 2022 (92.29) to Dec. 2023 (102.58).

Prosperous Industrial (Holdings) Days Sales Outstanding Historical Data

The historical data trend for Prosperous Industrial (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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Prosperous Industrial (Holdings) Days Sales Outstanding Chart

Prosperous Industrial (Holdings) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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64.96

81.99

76.63

64.64

79.78

Prosperous Industrial (Holdings) Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial											102.95	64.13	92.29	76.39	102.58

Competitive Comparison of Prosperous Industrial (Holdings)'s Days Sales Outstanding

For the Footwear & Accessories subindustry, Prosperous Industrial (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.

Prosperous Industrial (Holdings)'s Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Prosperous Industrial (Holdings)'s Days Sales Outstanding falls into.

Prosperous Industrial (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.

Prosperous Industrial (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
=	( (326.076	+	384.5)	/	2 )	/	1625.516	*	365
=	355.288					/	1625.516	*	365
=	79.78

Prosperous Industrial (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
=	( (430.22	+	384.5)	/	2 )	/	724.742	*	365 / 2
=	407.36					/	724.742	*	365 / 2
=	102.58

Prosperous Industrial (Holdings) (HKSE:01731) Days Sales Outstanding Explanation

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

Prosperous Industrial (Holdings) Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Prosperous Industrial (Holdings)'s Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Prosperous Industrial (Holdings) (HKSE:01731) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Prosperous Industrial (Holdings) Ltd (HKSE:01731) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

71-75 Container Port Road, Unit 1-2, 1st Floor, Join-In Hang Sing Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.pihl.hk

Prosperous Industrial (Holdings) Ltd is an investment holding company principally engaged in the manufacturing and sale of sports bags, handbags and luggage bags. The company's products are categorized as outdoor and sporting bags including day packs and overnight backpacks, which are designed with larger volumes; functional bags such as camera backpacks with multiple pockets and waterproof hydration backpacks; fashion and casual bags, as well as other bags and packs. The company mainly operates its products to North America, Asia, and Europe market.

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