Lonking Holdings (Lonking Holdings) Days Sales Outstanding : 85.88 (As of Dec. 2023)

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What is Lonking Holdings Days Sales Outstanding?

Lonking Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was $316 Mil. Lonking Holdings's Revenue for the six months ended in Dec. 2023 was $672 Mil. Hence, Lonking Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 85.88.

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

LONKF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 60.04 Med: 81.29 Max: 137.26
Current: 81.24

During the past 13 years, Lonking Holdings's highest Days Sales Outstanding was 137.26. The lowest was 60.04. And the median was 81.29.

LONKF's Days Sales Outstanding is ranked worse than
58.17% of 208 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 72.995 vs LONKF: 81.24

Lonking Holdings's Days Sales Outstanding declined from Dec. 2022 (101.23) to Dec. 2023 (85.88).

Lonking Holdings Days Sales Outstanding Historical Data

The historical data trend for Lonking 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.

* Premium members only.

Lonking Holdings Days Sales Outstanding Chart

Lonking Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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71.26

74.82

84.78

98.47

78.17

Lonking Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															118.24	99.42	101.23	80.43	85.88

Competitive Comparison of Lonking Holdings's Days Sales Outstanding

For the Farm & Heavy Construction Machinery subindustry, Lonking 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.

Lonking Holdings's Days Sales Outstanding Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Lonking Holdings's Days Sales Outstanding distribution charts can be found below:

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

Lonking 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.

Lonking 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
=	( (351.896	+	279.39)	/	2 )	/	1473.758	*	365
=	315.643					/	1473.758	*	365
=	78.17

Lonking 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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (352.865	+	279.39)	/	2 )	/	671.801	*	365 / 2
=	316.1275					/	671.801	*	365 / 2
=	85.88

Lonking Holdings (OTCPK:LONKF) Days Sales Outstanding Explanation

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

Lonking Holdings Days Sales Outstanding Related Terms

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Lonking Holdings (Lonking Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Lonking Holdings Ltd (OTCPK:LONKF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

03339:Hong Kong C9IB:Germany

Address

No. 26 Mingyi Road, Xinqiao, Songjiang Industrial, Shanghai, CHN, 201612

Website

https://www.lonking.cn

Lonking Holdings Ltd is a construction and logistics machinery manufacturers in China. It produces wheel loaders, excavators, road rollers, forklifts, and other heavy equipment. In addition, the company supplies individual components, including gearboxes, converters, axles, and hydraulic components. Lonking Holdings has three operating segments: Sale of construction machinery (majority of total revenue), Finance lease of construction machinery, and Financial investment. Used equipment and leasing solutions help extend offerings and pinpoint the correct solution for each customer. Trained technicians provide aftermarket services and parts to maximize equipment efficiency. The majority of sales are derived from China.

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