MEKO AB (LTS:0HDJ) Days Sales Outstanding : 40.47 (As of Dec. 2023)

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What is MEKO AB Days Sales Outstanding?

MEKO AB's average Accounts Receivable for the three months ended in Dec. 2023 was kr2,004 Mil. MEKO AB's Revenue for the three months ended in Dec. 2023 was kr4,517 Mil. Hence, MEKO AB's Days Sales Outstanding for the three months ended in Dec. 2023 was 40.47.

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

LTS:0HDJ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 26.11 Med: 28.59 Max: 43.97
Current: 43.97

During the past 13 years, MEKO AB's highest Days Sales Outstanding was 43.97. The lowest was 26.11. And the median was 28.59.

LTS:0HDJ's Days Sales Outstanding is ranked better than
70.1% of 1271 companies
in the Vehicles & Parts industry
Industry Median: 60.7 vs LTS:0HDJ: 43.97

MEKO AB's Days Sales Outstanding declined from Dec. 2022 (41.75) to Dec. 2023 (40.47).

MEKO AB Days Sales Outstanding Historical Data

The historical data trend for MEKO AB'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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MEKO AB Days Sales Outstanding Chart

MEKO AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

26.17

26.11

26.20

28.56

27.54

MEKO AB 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															41.75	42.10	53.42	56.20	40.47

Competitive Comparison of MEKO AB's Days Sales Outstanding

For the Auto Parts subindustry, MEKO AB'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.

MEKO AB's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where MEKO AB's Days Sales Outstanding falls into.

MEKO AB 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.

MEKO AB'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
=	( (1278	+	1329)	/	2 )	/	17278	*	365
=	1303.5					/	17278	*	365
=	27.54

MEKO AB'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
=	( (2678	+	1329)	/	2 )	/	4517	*	365 / 4
=	2003.5					/	4517	*	365 / 4
=	40.47

MEKO AB (LTS:0HDJ) Days Sales Outstanding Explanation

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

MEKO AB Days Sales Outstanding Related Terms

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MEKO AB (LTS:0HDJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » MEKO AB (LTS:0HDJ) » Definitions » Days Sales Outstanding

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MEKO:Sweden

Address

Solnavagen 4, 11th Floor, Box 19542, Stockholm, SWE, SE-104 32

Website

https://www.meko.com

Meko AB functions in the car aftermarket, operating car service chains, and wholesale operations. It offers spare parts and accessories to affiliated workshops, other workshops, other business-to-business customers, and car owners. The company conducts business through segments: Denmark, Finland, Poland/the Baltics, Sweden/Norway, and Sorensen og Balchen (Norway). It generates maximum revenue from Sweden/Norway. Affiliated workshops operate under the company's brands: BilXtra, MECA Car Service, Mekonomen Bilverstad, MekoPartner, and Speedy, among others.

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