MGP Ingredients (MGP Ingredients) Days Sales Outstanding : 57.53 (As of Dec. 2023)

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What is MGP Ingredients Days Sales Outstanding?

MGP Ingredients's average Accounts Receivable for the three months ended in Dec. 2023 was $135.5 Mil. MGP Ingredients's Revenue for the three months ended in Dec. 2023 was $214.9 Mil. Hence, MGP Ingredients's Days Sales Outstanding for the three months ended in Dec. 2023 was 57.53.

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

MGPI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 31.74 Med: 37.8 Max: 57.28
Current: 57.28

During the past 13 years, MGP Ingredients's highest Days Sales Outstanding was 57.28. The lowest was 31.74. And the median was 37.80.

MGPI's Days Sales Outstanding is ranked worse than
63.16% of 209 companies
in the Beverages - Alcoholic industry
Industry Median: 44.02 vs MGPI: 57.28

MGP Ingredients's Days Sales Outstanding increased from Dec. 2022 (51.82) to Dec. 2023 (57.53).

MGP Ingredients Days Sales Outstanding Historical Data

The historical data trend for MGP Ingredients'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.

MGP Ingredients Days Sales Outstanding Chart

MGP Ingredients Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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40.11

45.17

43.54

47.07

55.32

MGP Ingredients 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															51.82	53.99	60.29	59.13	57.53

Competitive Comparison of MGP Ingredients's Days Sales Outstanding

For the Beverages - Wineries & Distilleries subindustry, MGP Ingredients'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.

MGP Ingredients's Days Sales Outstanding Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, MGP Ingredients's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where MGP Ingredients's Days Sales Outstanding falls into.

MGP Ingredients 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.

MGP Ingredients'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
=	( (109.267	+	144.286)	/	2 )	/	836.523	*	365
=	126.7765					/	836.523	*	365
=	55.32

MGP Ingredients'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
=	( (126.692	+	144.286)	/	2 )	/	214.888	*	365 / 4
=	135.489					/	214.888	*	365 / 4
=	57.53

MGP Ingredients (NAS:MGPI) Days Sales Outstanding Explanation

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

MGP Ingredients Days Sales Outstanding Related Terms

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MGP Ingredients (MGP Ingredients) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » MGP Ingredients Inc (NAS:MGPI) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

M1I:Germany

Address

100 Commercial Street, P.O. Box 130, Atchison, KS, USA, 66002

Website

https://www.mgpingredients.com

MGP Ingredients Inc is a producer and supplier of premium distilled spirits and specialty wheat protein and starch food ingredients. MGP also produces high-quality industrial alcohol for use in both food and non-food applications. It operates in three segments: Distillery Solutions, Branded Spirits Segment, and Ingredient Solutions. Distillery Solutions provides distillery co-products, such as distillers feed, fuel grade alcohol, and corn oil: and warehouse services, including barrel put away, storage, and retrieval services. It derives most of its revenue from the Distillery Solutions segment.

Executives

Karen Seaberg	director	20073 266TH ROAD, #266, ATCHISON KS 66002
Mingus Lori L.s.	director	4123 HWY 49, PERRY KS 66073
Brandon Gall	officer: VP and Chief Financial Officer	6142 REINHARDT, FAIRWAY KS 66205
David Colo	director	C/O DIAMOND FOODS, INC., 600 MONTGOMERY STREET, 13TH FLOOR, SAN FRANCISCO CA 94111
Catherine N. Lux	10 percent owner, other: Member of 10% holder group	5050 KEMPER AVENUE, ST. LOUIS MO 63139
Cnl 2013 Irrevocable Trust Dated April 2, 2013	10 percent owner, other: Member of 10% holder group	212 S. MAIN AVENUE, SUITE 145, SIOUX FALLS SD 57104
Ann S. Lux 2005 Irrevocable Trust Fbo Paul S. Lux Dated September 16, 2005	10 percent owner, other: Member of 10% holder group	5050 KEMPER AVENUE, ST. LOUIS MO 63169
Paul S. Lux	10 percent owner, other: Member of 10% holder group	5050 KEMPER AVENUE, ST. LOUIS MO 63139
Caroline L. Kaplan Revocable Trust Dated December 16, 2009	10 percent owner, other: Member of 10% holder group	5050 KEMPER AVENUE, ST. LOUIS MO 63139
Caroline Lux Kaplan	10 percent owner, other: Member of 10% holder group	5050 KEMPER AVENUE, ST. LOUIS MO 63139
Donn S. Lux	director, 10 percent owner, other: Member of 10% holder group	5050 KEMPER AVENUE, ST. LOUIS MO 63139
Luxco 2017 Irrevocable Trust Dated June 19, 2017	10 percent owner	5050 KEMPER AVENUE, ST. LOUIS MO 63139
Neha J Clark	director	C/O LIFEWAY FOODS, 6431 OAKTON STREET, MORTON GROVE IL 60053
Kevin Rauckman	director	1200 E 151 ST ST, OLATHE KS 66062
Todd B. Siwak	director	100 COMMERCIAL STREET, P.O. BOX 130, ATCHISON KS 66002