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GuruFocus has detected 4 Warning Signs with Mitcham Industries Inc $MIND.
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Mitcham Industries Inc (NAS:MIND)
Days Sales Outstanding
115.12 (As of Jan. 2017)

Mitcham Industries Inc's account receivable for the three months ended in Jan. 2017 was $15.83 Mil. Mitcham Industries Inc's revenue for the three months ended in Jan. 2017 was $12.55 Mil. Hence, Mitcham Industries Inc's days sales outstanding for the three months ended in Jan. 2017 was 115.12.

MIND' s Days Sales Outstanding Range Over the Past 10 Years
Min: 61.21   Max: 154.7
Current: 140.93

61.21
154.7

During the past 13 years, Mitcham Industries Inc's highest Days Sales Outstanding was 154.70. The lowest was 61.21. And the median was 108.97.

MIND's Days Sales Outstanding is ranked lower than
69% of the 1832 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 77.75 vs. MIND: 140.93 )

Mitcham Industries Inc's days sales outstanding declined from Jan. 2016 (175.16) to Jan. 2017 (115.12).


Definition

Days sales outstanding measures of 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 receivables are being managed.

Account receivable can be measured by Days Sales Outstanding.

Mitcham Industries Inc's Days Sales Outstanding for the fiscal year that ended in Jan. 2017 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=15.83/40.999*365
=140.93

Mitcham Industries Inc's Days Sales Outstanding for the quarter that ended in Jan. 2017 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=15.83/12.548*365 / 4
=115.12

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

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


Related Terms

Account Receivable, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Mitcham Industries Inc Annual Data

Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16Jan17
DaysSalesOutstanding 61.2167.82102.1791.21115.7780.65116.96119.98154.70140.93

Mitcham Industries Inc Quarterly Data

Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17
DaysSalesOutstanding 121.22166.68147.70218.56118.99175.16141.09138.11127.89115.12
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