China Rongzhong Financial Holdings Co (HKSE:03963) Days Sales Outstanding : 24.87 (As of Sep. 2023)

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What is China Rongzhong Financial Holdings Co Days Sales Outstanding?

China Rongzhong Financial Holdings Co's average Accounts Receivable for the six months ended in Sep. 2023 was HK$6.70 Mil. China Rongzhong Financial Holdings Co's Revenue for the six months ended in Sep. 2023 was HK$49.20 Mil. Hence, China Rongzhong Financial Holdings Co's Days Sales Outstanding for the six months ended in Sep. 2023 was 24.87.

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

HKSE:03963' s Days Sales Outstanding Range Over the Past 10 Years
Min: 24.78 Med: 47.49 Max: 70.19
Current: 27.47

During the past 9 years, China Rongzhong Financial Holdings Co's highest Days Sales Outstanding was 70.19. The lowest was 24.78. And the median was 47.49.

HKSE:03963's Days Sales Outstanding is ranked better than
58.87% of 265 companies
in the Credit Services industry
Industry Median: 43.69 vs HKSE:03963: 27.47

China Rongzhong Financial Holdings Co's Days Sales Outstanding declined from Sep. 2022 (26.74) to Sep. 2023 (24.87).

China Rongzhong Financial Holdings Co Days Sales Outstanding Historical Data

The historical data trend for China Rongzhong Financial Holdings Co'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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China Rongzhong Financial Holdings Co Days Sales Outstanding Chart

China Rongzhong Financial Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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70.19

24.78

China Rongzhong Financial Holdings Co Semi-Annual Data
	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													159.30	44.31	26.74	26.33	24.87

Competitive Comparison of China Rongzhong Financial Holdings Co's Days Sales Outstanding

For the Credit Services subindustry, China Rongzhong Financial Holdings Co'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.

China Rongzhong Financial Holdings Co's Days Sales Outstanding Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, China Rongzhong Financial Holdings Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where China Rongzhong Financial Holdings Co's Days Sales Outstanding falls into.

China Rongzhong Financial Holdings Co 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.

China Rongzhong Financial Holdings Co'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
=	( (6.754	+	4.765)	/	2 )	/	84.833	*	365
=	5.7595					/	84.833	*	365
=	24.78

China Rongzhong Financial Holdings Co'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
=	( (4.765	+	8.641)	/	2 )	/	49.197	*	365 / 2
=	6.703					/	49.197	*	365 / 2
=	24.87

China Rongzhong Financial Holdings Co (HKSE:03963) Days Sales Outstanding Explanation

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

China Rongzhong Financial Holdings Co Days Sales Outstanding Related Terms

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China Rongzhong Financial Holdings Co (HKSE:03963) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » China Rongzhong Financial Holdings Co Ltd (HKSE:03963) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

89 Queensway, Unit 3901, 39th floor, Tower One, Lippo Centre, Hong Kong, HKG

Website

http://www.chinarzfh.com

China Rongzhong Financial Holdings Co Ltd provides financial leasing services in the People's Republic of China. It operates in two segments Leasing services which include direct leasing and operating lease; and Debt collection and credit investigation services. It also provides advisory and consultancy services to its finance lease customers. Its revenue is derived from advisory income and interest income from the loan, government incentives, and bank interest income. The majority of the company's revenue from operations is derived from the People's Republic of China.

Executives

Goldbond Group Holdings Limited	2101 Beneficial owner
Wong Yu Lung, Charles	2301 Trustee
Wong Fang Pik Chun	2301 Trustee
Kwok Gareth Wing-sien	2202 Interest of your spouse
Wong Yatyee Michelle	2305 Beneficiary of a trust
Wong Jacqueline Yue Yee	2305 Beneficiary of a trust
Xie Xiaoqing
Yong Hua International Limited
Perfect Honour Limited	2101 Beneficial owner
Yeung Nam	2202 Interest of your spouse
Lee Cheuk Yin Dannis	2101 Beneficial owner
Zhao John Huan	2201 Interest of corporation controlled by you
Silver Creation Investments Limited	2101 Beneficial owner
Hony Managing Partners Limited	2201 Interest of corporation controlled by you
Hony Group Management Limited	2201 Interest of corporation controlled by you

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