Mingteng International (Mingteng International) Days Sales Outstanding : 126.38 (As of Dec. 2023)

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What is Mingteng International Days Sales Outstanding?

Mingteng International's average Accounts Receivable for the six months ended in Dec. 2023 was $3.13 Mil. Mingteng International's Revenue for the six months ended in Dec. 2023 was $4.52 Mil. Hence, Mingteng International's Days Sales Outstanding for the six months ended in Dec. 2023 was 126.38.

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

MTEN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 94.12 Med: 119.19 Max: 151.01
Current: 129.61

During the past 4 years, Mingteng International's highest Days Sales Outstanding was 151.01. The lowest was 94.12. And the median was 119.19.

MTEN's Days Sales Outstanding is ranked worse than
79.37% of 2957 companies
in the Industrial Products industry
Industry Median: 79.63 vs MTEN: 129.61

Mingteng International's Days Sales Outstanding increased from Dec. 2022 (103.87) to Dec. 2023 (126.38).

Mingteng International Days Sales Outstanding Historical Data

The historical data trend for Mingteng 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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Mingteng International Days Sales Outstanding Chart

Mingteng International Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

151.01

94.12

105.33

133.04

Mingteng International Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial			96.16	101.72	103.87	129.81	126.38

Competitive Comparison of Mingteng International's Days Sales Outstanding

For the Metal Fabrication subindustry, Mingteng 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.

Mingteng International's Days Sales Outstanding Distribution in the Industrial Products Industry

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

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

Mingteng 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.

Mingteng International'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
=	( (2.429	+	3.518)	/	2 )	/	8.158	*	365
=	2.9735					/	8.158	*	365
=	133.04

Mingteng International'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
=	( (2.745	+	3.518)	/	2 )	/	4.522	*	365 / 2
=	3.1315					/	4.522	*	365 / 2
=	126.38

Mingteng International (NAS:MTEN) Days Sales Outstanding Explanation

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

Mingteng International Days Sales Outstanding Related Terms

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Mingteng International (Mingteng International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mingteng International Corp Inc (NAS:MTEN) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lvhua Village, Luoshe Town, Huishan District, Jiangsu Province, Wuxi, CHN, 214189

Website

Mingteng International Corp Inc operates as an automotive mold developer and supplier in China. It provides a wide range of products including casting molds for turbocharger systems, braking systems, steering and differential system, and other automotive system parts. Besides, it also produces molds for new energy electric vehicle motor drive systems, battery pack systems, and engineering hydraulic components, which are widely used in automobile, construction machinery, and other manufacturing industries.

Mingteng International (Mingteng International) Headlines

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