Major Drilling Group International (Major Drilling Group International) Days Sales Outstanding : 60.40 (As of Oct. 2023)

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What is Major Drilling Group International Days Sales Outstanding?

Major Drilling Group International's average Accounts Receivable for the three months ended in Oct. 2023 was $99.9 Mil. Major Drilling Group International's Revenue for the three months ended in Oct. 2023 was $150.9 Mil. Hence, Major Drilling Group International's Days Sales Outstanding for the three months ended in Oct. 2023 was 60.40.

The historical rank and industry rank for Major Drilling Group International's Days Sales Outstanding or its related term are showing as below:

MJDLF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 64.77 Med: 74.03 Max: 85.7
Current: 64.77

During the past 13 years, Major Drilling Group International's highest Days Sales Outstanding was 85.70. The lowest was 64.77. And the median was 74.03.

MJDLF's Days Sales Outstanding is ranked worse than
62.53% of 790 companies
in the Metals & Mining industry
Industry Median: 42.04 vs MJDLF: 64.77

Major Drilling Group International's Days Sales Outstanding declined from Oct. 2022 (65.77) to Oct. 2023 (60.40).

Major Drilling Group International Days Sales Outstanding Historical Data

The historical data trend for Major Drilling Group International'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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Major Drilling Group International Days Sales Outstanding Chart

Major Drilling Group International Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Days Sales Outstanding

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85.78

73.19

70.24

69.11

71.91

Major Drilling Group International Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Sales Outstanding	Get a 7-Day Free Trial															71.17	57.64	61.67	60.40	90.73

Competitive Comparison of Major Drilling Group International's Days Sales Outstanding

For the Other Industrial Metals & Mining subindustry, Major Drilling Group International'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.

Major Drilling Group International's Days Sales Outstanding Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Major Drilling Group International's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Major Drilling Group International's Days Sales Outstanding falls into.

Major Drilling Group International 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.

Major Drilling Group International's Days Sales Outstanding for the fiscal year that ended in Apr. 2023 is calculated as

	Days Sales Outstanding (A: Apr. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Apr. 2022 )	+	Accounts Receivable (A: Apr. 2023 ))	/	count )	/	Revenue (A: Apr. 2023 )	*	Days in Period
=	( (112.94	+	102.071)	/	2 )	/	545.641	*	365
=	107.5055					/	545.641	*	365
=	71.91

Major Drilling Group International's Days Sales Outstanding for the quarter that ended in Oct. 2023 is calculated as:

	Days Sales Outstanding (Q: Oct. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jul. 2023 )	+	Accounts Receivable (A: Oct. 2023 ))	/	count )	/	Revenue (A: Oct. 2023 )	*	Days in Period
=	( (101.42	+	98.392)	/	2 )	/	150.927	*	365 / 4
=	99.906					/	150.927	*	365 / 4
=	60.40

Major Drilling Group International (OTCPK:MJDLF) Days Sales Outstanding Explanation

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

Major Drilling Group International Days Sales Outstanding Related Terms

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Major Drilling Group International (Major Drilling Group International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Major Drilling Group International Inc (OTCPK:MJDLF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

3MJ:Germany MDI:Canada

Address

111 St. George Street, Suite 100, Moncton, NB, CAN, E1C 1T7

Website

https://www.majordrilling.com

Major Drilling Group International Inc is engaged in the business of contract drilling, and it provides services to companies that are involved in mining and mineral exploration. It offers surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, and underground percussive/long-hole drilling services, as well as various drilling-related mine services. Its geographical segments are Canada - the United States; South and Central America; and Australasia and Africa, of which most of its revenue comes from Canada - the United States.

Major Drilling Group International (Major Drilling Group International) Headlines

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