Meiji Machine Co (TSE:6334) Days Sales Outstanding : 71.37 (As of Dec. 2023)

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What is Meiji Machine Co Days Sales Outstanding?

Meiji Machine Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円1,242 Mil. Meiji Machine Co's Revenue for the three months ended in Dec. 2023 was 円1,588 Mil. Hence, Meiji Machine Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 71.37.

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

TSE:6334' s Days Sales Outstanding Range Over the Past 10 Years
Min: 48.66 Med: 82.98 Max: 106.43
Current: 106.43

During the past 13 years, Meiji Machine Co's highest Days Sales Outstanding was 106.43. The lowest was 48.66. And the median was 82.98.

TSE:6334's Days Sales Outstanding is ranked worse than
69.69% of 2956 companies
in the Industrial Products industry
Industry Median: 79.61 vs TSE:6334: 106.43

Meiji Machine Co's Days Sales Outstanding declined from Dec. 2022 (73.75) to Dec. 2023 (71.37).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Meiji Machine Co Days Sales Outstanding Historical Data

The historical data trend for Meiji Machine 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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Meiji Machine Co Days Sales Outstanding Chart

Meiji Machine Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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95.17

82.98

48.66

72.80

88.24

Meiji Machine 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															73.75	92.36	195.78	115.28	71.37

Competitive Comparison of Meiji Machine Co's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Meiji Machine 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.

Meiji Machine Co's Days Sales Outstanding Distribution in the Industrial Products Industry

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

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

Meiji Machine 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.

Meiji Machine 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
=	( (1343.48	+	1705.701)	/	2 )	/	6306.116	*	365
=	1524.5905					/	6306.116	*	365
=	88.24

Meiji Machine 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
=	( (1017.07	+	1467.173)	/	2 )	/	1588.058	*	365 / 4
=	1242.1215					/	1588.058	*	365 / 4
=	71.37

Meiji Machine Co (TSE:6334) Days Sales Outstanding Explanation

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

Meiji Machine Co Days Sales Outstanding Related Terms

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Meiji Machine Co (TSE:6334) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Meiji Machine Co Ltd (TSE:6334) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-2-22 Kanda Ta-cho, Chiyoda-ku, Tokyo, JPN, 101-0046

Website

http://www.meiji-kikai.co.jp

Meiji Machine Co Ltd is engaged in the manufacture and sale of the flour milling machines, including flour rolling machines, shifters, separators and purifiers, as well as rollers; the mixed feed machines, including feed rolling machines, pellet and flake machines, silos and conveying equipment, as well as other industrial machinery, including various grinding rolling machines, hammer mills and other.

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