Hongli Group (Hongli Group) Days Sales Outstanding : 160.91 (As of Dec. 2023)

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What is Hongli Group Days Sales Outstanding?

Hongli Group's average Accounts Receivable for the six months ended in Dec. 2023 was $6.25 Mil. Hongli Group's Revenue for the six months ended in Dec. 2023 was $7.08 Mil. Hence, Hongli Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 160.91.

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

HLP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 67.88 Med: 88.92 Max: 153.36
Current: 151.49

During the past 5 years, Hongli Group's highest Days Sales Outstanding was 153.36. The lowest was 67.88. And the median was 88.92.

HLP's Days Sales Outstanding is ranked worse than
93.33% of 600 companies
in the Steel industry
Industry Median: 49.885 vs HLP: 151.49

Hongli Group's Days Sales Outstanding increased from Dec. 2022 (129.10) to Dec. 2023 (160.91).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Hongli Group Days Sales Outstanding Historical Data

The historical data trend for Hongli 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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Hongli Group Days Sales Outstanding Chart

Hongli Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

88.92

87.17

67.88

111.93

153.36

Hongli Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial				80.16	99.57	129.10	142.34	160.91

Competitive Comparison of Hongli Group's Days Sales Outstanding

For the Steel subindustry, Hongli 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.

Hongli Group's Days Sales Outstanding Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Hongli Group's Days Sales Outstanding distribution charts can be found below:

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

Hongli 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.

Hongli 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
=	( (7.43	+	6.014)	/	2 )	/	15.998	*	365
=	6.722					/	15.998	*	365
=	153.36

Hongli 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
=	( (6.476	+	6.014)	/	2 )	/	7.083	*	365 / 2
=	6.245					/	7.083	*	365 / 2
=	160.91

Hongli Group (NAS:HLP) Days Sales Outstanding Explanation

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

Hongli Group Days Sales Outstanding Related Terms

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Hongli Group (Hongli Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hongli Group Inc (NAS:HLP) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beisanli Street, Economic Development Zone, Changle County, Weifang, Shandong, CHN, 262400

Website

https://www.hlyxgg.com

Hongli Group Inc is a cold roll formed steel profile manufacturer in China. It customizes and manufactures cold roll formed steel profiles for machinery and equipment in a variety of sectors, including but not limited to mining and excavation, construction, agriculture and transportation.

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