Miller Industries (Miller Industries) Days Sales Outstanding : 81.12 (As of Dec. 2023)

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What is Miller Industries Days Sales Outstanding?

Miller Industries's average Accounts Receivable for the three months ended in Dec. 2023 was $263 Mil. Miller Industries's Revenue for the three months ended in Dec. 2023 was $296 Mil. Hence, Miller Industries's Days Sales Outstanding for the three months ended in Dec. 2023 was 81.12.

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

MLR' s Days Sales Outstanding Range Over the Past 10 Years
Min: 70.88 Med: 73.24 Max: 86.94
Current: 76.08

During the past 13 years, Miller Industries's highest Days Sales Outstanding was 86.94. The lowest was 70.88. And the median was 73.24.

MLR's Days Sales Outstanding is ranked worse than
69.01% of 1268 companies
in the Vehicles & Parts industry
Industry Median: 60.74 vs MLR: 76.08

Miller Industries's Days Sales Outstanding increased from Dec. 2022 (69.80) to Dec. 2023 (81.12).

Miller Industries Days Sales Outstanding Historical Data

The historical data trend for Miller Industries'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.

Miller Industries Days Sales Outstanding Chart

Miller Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

70.88

86.94

75.19

71.33

73.39

Miller Industries 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															69.80	66.40	75.62	83.94	81.12

Competitive Comparison of Miller Industries's Days Sales Outstanding

For the Auto Parts subindustry, Miller Industries'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.

Miller Industries's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Miller Industries's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Miller Industries's Days Sales Outstanding falls into.

Miller Industries 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.

Miller Industries'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
=	( (177.663	+	286.138)	/	2 )	/	1153.354	*	365
=	231.9005					/	1153.354	*	365
=	73.39

Miller Industries'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
=	( (240.59	+	286.138)	/	2 )	/	296.246	*	365 / 4
=	263.364					/	296.246	*	365 / 4
=	81.12

Miller Industries (NYSE:MLR) Days Sales Outstanding Explanation

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

Miller Industries Days Sales Outstanding Related Terms

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Miller Industries (Miller Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Miller Industries Inc (NYSE:MLR) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

8503 Hilltop Drive, Ooltewah, TN, USA, 37363

Website

https://www.millerind.com

Miller Industries Inc is engaged in the manufacturing of vehicle towing and recovery equipment. The company produces wreckers, car carriers, and trailer bodies under the Century, Vulcan, Challenger, Holmes, Champion, Chevron, Eagle, Titan, Jige, and Boniface brands. The products are sold primarily in North America, Canada, and Mexico through independent distributors.

Executives

Jill Sutton	director	313 IRON HORSE WAY, PROVIDENCE RI 02908
Peter Lee Jackson	director	8503 HILLTOP DRIVE, OOLTEWAH TN 37363
Javier A Reyes	director	65 FALLING WATER LANE, MORGANTOWN WV 26508
Susan E Sweeney	director	5605 CARNEGIE BLVD. SUITE 500, CHARLOTTE NC 28209
Jeffrey I Badgley	officer: Co-CEO
Miller William G. Ii	director, officer: CEO and President	8503 HILLTOP DRIVE, OOLTEWAH TN 37363
Josias W. Reyneke	officer: Chief Information Officer	8503 HILLTOP DRIVE, OOLTEWAH TN 37363
Deborah L Whitmire	director, officer: Chief Financial Officer	8503 HILLTOP DRIVE, OOLTEWAH TN 37363
Frank Madonia	officer: Executive VP, Secretary & GC
Vincent J. Tiano	officer: Vice President and CRO	8515 CAVANAUGH LANE, HIXSON TN 37343
Jamison Linden	officer: Vice President and CMO	8503 HILLTOP DRIVE, OOLTEWAH TN 37363
Leigh Walton	director	150 THIRD AVENUE SOUTH, SUITE 2800, NASHVILLE TN 37201
Ashford Theodore H. Iii	director	909 STUART ROAD, WILMINGTON DE 19807
Richard H Roberts	director	C/O MILLER INDUSTRIES, INC., 8503 HILLTOP DRIVE, OOLTEWAH TN 37363
Chandler A Russell Iii	director	C/O KILPATRICK STOCKTON LLP, 110 PEACHTREE STREET SUITE 2800, ATLANTA GA 30309