Mincon Group (DUB:MIO) Days Sales Outstanding : 62.25 (As of Dec. 2023)

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What is Mincon Group Days Sales Outstanding?

Mincon Group's average Accounts Receivable for the six months ended in Dec. 2023 was €26.0 Mil. Mincon Group's Revenue for the six months ended in Dec. 2023 was €76.3 Mil. Hence, Mincon Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 62.25.

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

DUB:MIO' s Days Sales Outstanding Range Over the Past 10 Years
Min: 52.58 Med: 59.95 Max: 70.57
Current: 58.89

During the past 13 years, Mincon Group's highest Days Sales Outstanding was 70.57. The lowest was 52.58. And the median was 59.95.

DUB:MIO's Days Sales Outstanding is ranked better than
72.88% of 2957 companies
in the Industrial Products industry
Industry Median: 79.63 vs DUB:MIO: 58.89

Mincon Group's Days Sales Outstanding increased from Dec. 2022 (57.22) to Dec. 2023 (62.25).

Mincon Group Days Sales Outstanding Historical Data

The historical data trend for Mincon Group'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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Mincon Group Days Sales Outstanding Chart

Mincon Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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60.55

57.58

57.84

52.58

52.90

Mincon Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															55.86	58.33	57.22	61.53	62.25

Competitive Comparison of Mincon Group's Days Sales Outstanding

For the Tools & Accessories subindustry, Mincon Group'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.

Mincon Group's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mincon Group's Days Sales Outstanding distribution charts can be found below:

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

Mincon Group 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.

Mincon Group'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
=	( (23.872	+	21.616)	/	2 )	/	156.931	*	365
=	22.744					/	156.931	*	365
=	52.90

Mincon Group'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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (30.467	+	21.616)	/	2 )	/	76.346	*	365 / 2
=	26.0415					/	76.346	*	365 / 2
=	62.25

Mincon Group (DUB:MIO) Days Sales Outstanding Explanation

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

Mincon Group Days Sales Outstanding Related Terms

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Mincon Group (DUB:MIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mincon Group PLC (DUB:MIO) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

MCON:UK MIO:Germany

Address

Smithstown Industrial Estate, County Clare, Shannon, IRL

Website

https://www.mincon.com

Mincon Group PLC is an Irish engineering company. The company is engaged in the designing, manufacturing, selling and servicing of rock drilling tools and associated products. It provides after sales support and service to customers through its network of sales and distribution companies in international markets. Most of the revenue is derived from the sale of drilling equipment and other products that are manufactured by its manufacturing sites. Geographically, it derives maximum revenue from Europe, Middle East, Africa and has a presence in Ireland, America, and Australasia.