Michael Hill International (ASX:MHJ) Days Sales Outstanding : 5.68 (As of Dec. 2023)

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What is Michael Hill International Days Sales Outstanding?

Michael Hill International's average Accounts Receivable for the six months ended in Dec. 2023 was A$11.3 Mil. Michael Hill International's Revenue for the six months ended in Dec. 2023 was A$362.8 Mil. Hence, Michael Hill International's Days Sales Outstanding for the six months ended in Dec. 2023 was 5.68.

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

ASX:MHJ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.12 Med: 3.12 Max: 7.14
Current: 7.14

During the past 13 years, Michael Hill International's highest Days Sales Outstanding was 7.14. The lowest was 2.12. And the median was 3.12.

ASX:MHJ's Days Sales Outstanding is ranked better than
73.65% of 1078 companies
in the Retail - Cyclical industry
Industry Median: 17.55 vs ASX:MHJ: 7.14

Michael Hill International's Days Sales Outstanding increased from Dec. 2022 (4.57) to Dec. 2023 (5.68).

Michael Hill International Days Sales Outstanding Historical Data

The historical data trend for Michael Hill 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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Michael Hill International Days Sales Outstanding Chart

Michael Hill International Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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3.16

3.08

3.29

3.18

2.12

Michael Hill International 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															4.83	4.75	4.57	6.08	5.68

Competitive Comparison of Michael Hill International's Days Sales Outstanding

For the Luxury Goods subindustry, Michael Hill 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.

Michael Hill International's Days Sales Outstanding Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Michael Hill International's Days Sales Outstanding distribution charts can be found below:

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

Michael Hill 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.

Michael Hill International's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (3.804	+	3.475)	/	2 )	/	625.694	*	365
=	3.6395					/	625.694	*	365
=	2.12

Michael Hill 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
=	( (3.475	+	19.121)	/	2 )	/	362.784	*	365 / 2
=	11.298					/	362.784	*	365 / 2
=	5.68

Michael Hill International (ASX:MHJ) Days Sales Outstanding Explanation

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

Michael Hill International Days Sales Outstanding Related Terms

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Michael Hill International (ASX:MHJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Michael Hill International Ltd (ASX:MHJ) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

MHJ:New Zealand

Address

34 Southgate Avenue, Cannon Hill, QLD, AUS, 4170

Website

https://www.michaelhill.com

Michael Hill International Ltd is an Australia based specialist retail jewellery chain engaged in the sale of jewellery and related services. It operates stores in Australia, New Zealand and Canada. The group derives prime revenue from Australia. The product portfolio of the company includes Rings, Earrings, Pendants and Necklaces, Bracelets, Bangles and other products.

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