Meitongyo Co (TSE:2207) Days Sales Outstanding : 78.42 (As of Dec. 2023)

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What is Meitongyo Co Days Sales Outstanding?

Meitongyo Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円5,970 Mil. Meitongyo Co's Revenue for the three months ended in Dec. 2023 was 円6,946 Mil. Hence, Meitongyo Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 78.42.

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

TSE:2207' s Days Sales Outstanding Range Over the Past 10 Years
Min: 66.08 Med: 74.72 Max: 81.83
Current: 81.83

During the past 13 years, Meitongyo Co's highest Days Sales Outstanding was 81.83. The lowest was 66.08. And the median was 74.72.

TSE:2207's Days Sales Outstanding is ranked worse than
86.58% of 1840 companies
in the Consumer Packaged Goods industry
Industry Median: 39.225 vs TSE:2207: 81.83

Meitongyo Co's Days Sales Outstanding increased from Dec. 2022 (74.62) to Dec. 2023 (78.42).

Meitongyo Co Days Sales Outstanding Historical Data

The historical data trend for Meitongyo Co'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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Meitongyo Co Days Sales Outstanding Chart

Meitongyo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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75.81

74.72

66.08

78.00

80.06

Meitongyo Co 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															74.62	83.72	79.54	70.74	78.42

Competitive Comparison of Meitongyo Co's Days Sales Outstanding

For the Confectioners subindustry, Meitongyo Co'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.

Meitongyo Co's Days Sales Outstanding Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Meitongyo Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Meitongyo Co's Days Sales Outstanding falls into.

Meitongyo Co 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.

Meitongyo Co's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (4690	+	5280)	/	2 )	/	22727	*	365
=	4985					/	22727	*	365
=	80.06

Meitongyo Co'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
=	( (5080	+	6859)	/	2 )	/	6946	*	365 / 4
=	5969.5					/	6946	*	365 / 4
=	78.42

Meitongyo Co (TSE:2207) Days Sales Outstanding Explanation

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

Meitongyo Co Days Sales Outstanding Related Terms

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Meitongyo Co (TSE:2207) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Meito Sangyo Co Ltd (TSE:2207) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 41-chome, Nagoya, Sasazuka, Aichi Prefecture, JPN, 451-8520

Website

http://www.meito-sangyo.co.jp

Meito Sangyo Co Ltd is a Japanese based company operates in a wide range of business. The company is primarily involved in the manufacture and sale of confectionery, beverages, seasoning foods, food additives and other foods. In addition, it is also involved in the manufacture and sale of pharmaceuticals, quasi-drugs, medical devices, veterinary medicines, cosmetics, and other chemical products. Further, it also involved in the construction and management of golf course activity. Geographically, business activities of the group are functioned through the region of Japan.

Meitongyo Co (TSE:2207) Headlines

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