Luk Hing Entertainment Group Holdings (HKSE:08052) Days Sales Outstanding : 5.17 (As of Sep. 2023)

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What is Luk Hing Entertainment Group Holdings Days Sales Outstanding?

Luk Hing Entertainment Group Holdings's average Accounts Receivable for the three months ended in Sep. 2023 was HK$1.31 Mil. Luk Hing Entertainment Group Holdings's Revenue for the three months ended in Sep. 2023 was HK$23.12 Mil. Hence, Luk Hing Entertainment Group Holdings's Days Sales Outstanding for the three months ended in Sep. 2023 was 5.17.

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

HKSE:08052' s Days Sales Outstanding Range Over the Past 10 Years
Min: 4.96 Med: 16.28 Max: 23.07
Current: 4.96

During the past 10 years, Luk Hing Entertainment Group Holdings's highest Days Sales Outstanding was 23.07. The lowest was 4.96. And the median was 16.28.

HKSE:08052's Days Sales Outstanding is ranked better than
92.39% of 802 companies
in the Travel & Leisure industry
Industry Median: 29.38 vs HKSE:08052: 4.96

Luk Hing Entertainment Group Holdings's Days Sales Outstanding declined from Sep. 2022 (13.49) to Sep. 2023 (5.17).

Luk Hing Entertainment Group Holdings Days Sales Outstanding Historical Data

The historical data trend for Luk Hing Entertainment Group 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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Luk Hing Entertainment Group Holdings Days Sales Outstanding Chart

Luk Hing Entertainment Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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13.75

17.65

13.94

18.69

4.94

Luk Hing Entertainment Group Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															4.82	4.10	5.09	5.17	5.49

Competitive Comparison of Luk Hing Entertainment Group Holdings's Days Sales Outstanding

For the Resorts & Casinos subindustry, Luk Hing Entertainment Group 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.

Luk Hing Entertainment Group Holdings's Days Sales Outstanding Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Luk Hing Entertainment Group Holdings's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Luk Hing Entertainment Group Holdings's Days Sales Outstanding falls into.

Luk Hing Entertainment Group 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.

Luk Hing Entertainment Group Holdings's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (4.93	+	1.069)	/	2 )	/	58.59	*	365
=	2.9995					/	58.59	*	365
=	18.69

Luk Hing Entertainment Group Holdings'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: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (1.31	+	0)	/	1 )	/	23.124	*	365 / 4
=	1.31					/	23.124	*	365 / 4
=	5.17

Luk Hing Entertainment Group Holdings (HKSE:08052) Days Sales Outstanding Explanation

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

Luk Hing Entertainment Group Holdings Days Sales Outstanding Related Terms

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Luk Hing Entertainment Group Holdings (HKSE:08052) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Luk Hing Entertainment Group Holdings Ltd (HKSE:08052) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Suite 1505, 15 Floor, Shun Tak Centre West Tower, Sheung Wan, Hong Kong, HKG

Website

https://www.lukhing.com

Luk Hing Entertainment Group Holdings Ltd is an investment holding company. It is engaged in the food and beverage and entertainment industry. The company's principal activities are the operation of clubs and restaurants, organizing music-related featured events as well as granting loans to entities in the food and beverage and entertainment industry. It generates its revenue in the form of sponsorship income, entrance fee income, loan interest income, and sale of food, beverage, and other products. Geographically, the company generates a majority of its revenue from Hong Kong and has a presence in China.

Luk Hing Entertainment Group Holdings (HKSE:08052) Headlines

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