Sinofortune Financial Holdings (HKSE:08123) Days Sales Outstanding : 0.52 (As of Dec. 2023)

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What is Sinofortune Financial Holdings Days Sales Outstanding?

Sinofortune Financial Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was HK$0.3 Mil. Sinofortune Financial Holdings's Revenue for the three months ended in Dec. 2023 was HK$59.7 Mil. Hence, Sinofortune Financial Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 0.52.

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

HKSE:08123' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.69 Med: 66 Max: 295.11
Current: 2.69

During the past 13 years, Sinofortune Financial Holdings's highest Days Sales Outstanding was 295.11. The lowest was 2.69. And the median was 66.00.

HKSE:08123's Days Sales Outstanding is ranked better than
91.83% of 563 companies
in the Capital Markets industry
Industry Median: 65.71 vs HKSE:08123: 2.69

Sinofortune Financial Holdings's Days Sales Outstanding declined from Dec. 2022 (5.49) to Dec. 2023 (0.52).

Sinofortune Financial Holdings Days Sales Outstanding Historical Data

The historical data trend for Sinofortune Financial 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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Sinofortune Financial Holdings Days Sales Outstanding Chart

Sinofortune Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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31.24

125.74

135.78

4.72

3.12

Sinofortune Financial 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															5.49	4.04	2.85	3.26	0.52

Competitive Comparison of Sinofortune Financial Holdings's Days Sales Outstanding

For the Capital Markets subindustry, Sinofortune Financial 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.

Sinofortune Financial Holdings's Days Sales Outstanding Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Sinofortune Financial Holdings's Days Sales Outstanding distribution charts can be found below:

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

Sinofortune Financial 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.

Sinofortune Financial 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
=	( (2.509	+	0.34)	/	2 )	/	166.537	*	365
=	1.4245					/	166.537	*	365
=	3.12

Sinofortune Financial 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: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0	+	0.34)	/	1 )	/	59.661	*	365 / 4
=	0.34					/	59.661	*	365 / 4
=	0.52

Sinofortune Financial Holdings (HKSE:08123) Days Sales Outstanding Explanation

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

Sinofortune Financial Holdings Days Sales Outstanding Related Terms

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Sinofortune Financial Holdings (HKSE:08123) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Sinofortune Financial Holdings Ltd (HKSE:08123) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 64-66 Connaught Road, 16th Floor, CMA Building, Central, Hong Kong, HKG

Website

http://www.sinofortune.hk

Sinofortune Financial Holdings Ltd along with its subsidiaries is an integrated financial service and parallel-imported motor vehicles supplier in Hong Kong and the People's Republic of China. The Group is engaged in the provision of securities and futures contracts trading services in Hong Kong, trading of listed securities in Hong Kong, and sales of motor vehicles, provision of agency services and accessories sourcing in the PRC.

Executives

Wang Jiawei

2101 Beneficial owner

Sinofortune Financial Holdings (HKSE:08123) Headlines

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