Redsun Properties Group (HKSE:01996) Days Sales Outstanding : 0.07 (As of Dec. 2023)

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What is Redsun Properties Group Days Sales Outstanding?

Redsun Properties Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$6 Mil. Redsun Properties Group's Revenue for the six months ended in Dec. 2023 was HK$14,980 Mil. Hence, Redsun Properties Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 0.07.

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

HKSE:01996' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.08 Med: 0.13 Max: 0.5
Current: 0.1

During the past 9 years, Redsun Properties Group's highest Days Sales Outstanding was 0.50. The lowest was 0.08. And the median was 0.13.

HKSE:01996's Days Sales Outstanding is ranked better than
99.1% of 1668 companies
in the Real Estate industry
Industry Median: 36.87 vs HKSE:01996: 0.10

Redsun Properties Group's Days Sales Outstanding declined from Dec. 2022 (0.11) to Dec. 2023 (0.07).

Redsun Properties Group Days Sales Outstanding Historical Data

The historical data trend for Redsun Properties 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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Redsun Properties Group Days Sales Outstanding Chart

Redsun Properties Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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0.37

0.12

0.08

0.10

0.09

Redsun Properties Group 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											0.05	0.06	0.11	0.19	0.07

Competitive Comparison of Redsun Properties Group's Days Sales Outstanding

For the Real Estate - Development subindustry, Redsun Properties 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.

Redsun Properties Group's Days Sales Outstanding Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Redsun Properties Group's Days Sales Outstanding distribution charts can be found below:

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

Redsun Properties 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.

Redsun Properties Group'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
=	( (6.014	+	4.783)	/	2 )	/	21651.019	*	365
=	5.3985					/	21651.019	*	365
=	0.09

Redsun Properties Group'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
=	( (7.525	+	4.783)	/	2 )	/	14980.341	*	365 / 2
=	6.154					/	14980.341	*	365 / 2
=	0.07

Redsun Properties Group (HKSE:01996) Days Sales Outstanding Explanation

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

Redsun Properties Group Days Sales Outstanding Related Terms

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Redsun Properties Group (HKSE:01996) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Redsun Properties Group Ltd (HKSE:01996) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

0RJ:Germany

Address

No. 9 Daqiao North Road, 26th Floor, Hong Yang Building, Pukou District, Jiangsu Province, Nanjing, CHN

Website

https://www.rsunproperty.hk

Redsun Properties Group Ltd is a China-based company engages in the property development business. It's business operations consist of three principal business segments: Property Development and Sales; Commercial Property Investment and Operations; and Hotel Operations. The company derived its revenue from sale of its developed residential properties and supporting retail properties, rental income from the investment in and operation of commercial properties, and service fee income from its hotel operaTions.

Executives

Hong Yang Group (holdings) Limited	2201 Interest of corporation controlled by you
Hong Yang Group Company Limited	2201 Interest of corporation controlled by you
Hong Yang International Limited	2201 Interest of corporation controlled by you
Redsun Properties Group (holdings) Limited	2101 Beneficial owner
Chen Sihong	2202 Interest of your spouse
Zeng Huansha	2201 Interest of corporation controlled by you

Redsun Properties Group (HKSE:01996) Headlines

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