Hangzhou Binjiang Real Estate Group Co (SZSE:002244) Days Sales Outstanding : 3.17 (As of Mar. 2024)

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What is Hangzhou Binjiang Real Estate Group Co Days Sales Outstanding?

Hangzhou Binjiang Real Estate Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥475 Mil. Hangzhou Binjiang Real Estate Group Co's Revenue for the three months ended in Mar. 2024 was ¥13,701 Mil. Hence, Hangzhou Binjiang Real Estate Group Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 3.17.

The historical rank and industry rank for Hangzhou Binjiang Real Estate Group Co's Days Sales Outstanding or its related term are showing as below:

SZSE:002244' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.93 Med: 4.31 Max: 5.9
Current: 2.46

During the past 13 years, Hangzhou Binjiang Real Estate Group Co's highest Days Sales Outstanding was 5.90. The lowest was 1.93. And the median was 4.31.

SZSE:002244's Days Sales Outstanding is ranked better than
91.66% of 1666 companies
in the Real Estate industry
Industry Median: 36.77 vs SZSE:002244: 2.46

Hangzhou Binjiang Real Estate Group Co's Days Sales Outstanding declined from Mar. 2023 (4.27) to Mar. 2024 (3.17).

Hangzhou Binjiang Real Estate Group Co Days Sales Outstanding Historical Data

The historical data trend for Hangzhou Binjiang Real Estate Group 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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Hangzhou Binjiang Real Estate Group Co Days Sales Outstanding Chart

Hangzhou Binjiang Real Estate Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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5.62

5.90

4.56

4.08

2.37

Hangzhou Binjiang Real Estate Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															4.27	2.78	2.46	1.88	3.17

Competitive Comparison of Hangzhou Binjiang Real Estate Group Co's Days Sales Outstanding

For the Real Estate - Development subindustry, Hangzhou Binjiang Real Estate Group 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.

Hangzhou Binjiang Real Estate Group Co's Days Sales Outstanding Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hangzhou Binjiang Real Estate Group Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Hangzhou Binjiang Real Estate Group Co's Days Sales Outstanding falls into.

Hangzhou Binjiang Real Estate Group 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.

Hangzhou Binjiang Real Estate Group Co'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
=	( (440.771	+	473.642)	/	2 )	/	70442.588	*	365
=	457.2065					/	70442.588	*	365
=	2.37

Hangzhou Binjiang Real Estate Group Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (473.642	+	477.256)	/	2 )	/	13701.341	*	365 / 4
=	475.449					/	13701.341	*	365 / 4
=	3.17

Hangzhou Binjiang Real Estate Group Co (SZSE:002244) Days Sales Outstanding Explanation

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

Hangzhou Binjiang Real Estate Group Co Days Sales Outstanding Related Terms

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Hangzhou Binjiang Real Estate Group Co (SZSE:002244) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hangzhou Binjiang Real Estate Group Co Ltd (SZSE:002244) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 38 Qingchun East Road, Hangzhou, Zhejiang, CHN, 310016

Website

http://www.binjiang.com.cn

Hangzhou Binjiang Real Estate Group Co Ltd is a real estate development company. The projects of the company include golden dawn, the city of splendid, arc de triomphe, Jiangnan star, oriental star city, and wulin nickname office building.

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