Mears Group (LSE:MER) Days Sales Outstanding : 7.01 (As of Dec. 2023)

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What is Mears Group Days Sales Outstanding?

Mears Group's average Accounts Receivable for the six months ended in Dec. 2023 was £22 Mil. Mears Group's Revenue for the six months ended in Dec. 2023 was £564 Mil. Hence, Mears Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 7.01.

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

LSE:MER' s Days Sales Outstanding Range Over the Past 10 Years
Min: 7.24 Med: 18.83 Max: 50.45
Current: 7.24

During the past 13 years, Mears Group's highest Days Sales Outstanding was 50.45. The lowest was 7.24. And the median was 18.83.

LSE:MER's Days Sales Outstanding is ranked better than
82.35% of 102 companies
in the Personal Services industry
Industry Median: 20.34 vs LSE:MER: 7.24

Mears Group's Days Sales Outstanding declined from Dec. 2022 (9.45) to Dec. 2023 (7.01).

Mears Group Days Sales Outstanding Historical Data

The historical data trend for Mears 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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Mears Group Days Sales Outstanding Chart

Mears Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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19.92

17.34

14.21

9.52

7.49

Mears 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															15.88	10.58	9.45	7.22	7.01

Competitive Comparison of Mears Group's Days Sales Outstanding

For the Personal Services subindustry, Mears 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.

Mears Group's Days Sales Outstanding Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Mears Group's Days Sales Outstanding distribution charts can be found below:

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

Mears 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.

Mears 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
=	( (21.483	+	23.23)	/	2 )	/	1089.327	*	365
=	22.3565					/	1089.327	*	365
=	7.49

Mears 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
=	( (20.082	+	23.23)	/	2 )	/	563.686	*	365 / 2
=	21.656					/	563.686	*	365 / 2
=	7.01

Mears Group (LSE:MER) Days Sales Outstanding Explanation

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

Mears Group Days Sales Outstanding Related Terms

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Mears Group (LSE:MER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Mears Group PLC (LSE:MER) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

MERl:UK MER:UK

Address

1390 Montpellier Court, Gloucester Business Park, Brockworth, Gloucester, GBR, GL3 4AH

Website

https://www.mearsgroup.co.uk

Mears Group PLC is a UK-based company engaged in providing social housing repairs and maintenance. It provides services consisting of full housing management solutions, provision of a range of outsourced services to the public and private sectors, repairs, and maintenance, turnkey solutions for energy efficiency, development of new homes, and home improvements.

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