COFCO Capital Holdings Co (SZSE:002423) Days Sales Outstanding : 6.74 (As of Mar. 2024)

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What is COFCO Capital Holdings Co Days Sales Outstanding?

COFCO Capital Holdings Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥470 Mil. COFCO Capital Holdings Co's Revenue for the three months ended in Mar. 2024 was ¥6,360 Mil. Hence, COFCO Capital Holdings Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 6.74.

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

SZSE:002423' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.79 Med: 5.7 Max: 182.72
Current: 9.08

During the past 13 years, COFCO Capital Holdings Co's highest Days Sales Outstanding was 182.72. The lowest was 1.79. And the median was 5.70.

SZSE:002423's Days Sales Outstanding is ranked better than
89.66% of 58 companies
in the Insurance industry
Industry Median: 58.46 vs SZSE:002423: 9.08

COFCO Capital Holdings Co's Days Sales Outstanding increased from Mar. 2023 (5.48) to Mar. 2024 (6.74).

COFCO Capital Holdings Co Days Sales Outstanding Historical Data

The historical data trend for COFCO Capital Holdings 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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COFCO Capital Holdings Co Days Sales Outstanding Chart

COFCO Capital Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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1.79

2.30

2.94

4.78

5.02

COFCO Capital Holdings 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															5.48	7.27	12.68	11.57	6.74

Competitive Comparison of COFCO Capital Holdings Co's Days Sales Outstanding

For the Insurance - Life subindustry, COFCO Capital Holdings 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.

COFCO Capital Holdings Co's Days Sales Outstanding Distribution in the Insurance Industry

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

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

COFCO Capital Holdings 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.

COFCO Capital Holdings 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
=	( (277.132	+	335.183)	/	2 )	/	22282.452	*	365
=	306.1575					/	22282.452	*	365
=	5.02

COFCO Capital Holdings 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
=	( (335.183	+	604.369)	/	2 )	/	6360.211	*	365 / 4
=	469.776					/	6360.211	*	365 / 4
=	6.74

COFCO Capital Holdings Co (SZSE:002423) Days Sales Outstanding Explanation

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

COFCO Capital Holdings Co Days Sales Outstanding Related Terms

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COFCO Capital Holdings Co (SZSE:002423) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » COFCO Capital Holdings Co Ltd (SZSE:002423) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

1105, 11th floor, COFCO Fulinmen Building, Chaoyang District, Beijing, CHN, 100020

Website

http://www.zssw.com

COFCO Capital Holdings Co Ltd is a provider of financial services. The company's services include trust, insurance, futures, banking and other financial services. It provides investment and asset management; corporate management; investment planning and consulting services.

COFCO Capital Holdings Co (SZSE:002423) Headlines

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