Millennium Services Group (ASX:MIL) Days Sales Outstanding : 28.79 (As of Dec. 2023)

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What is Millennium Services Group Days Sales Outstanding?

Millennium Services Group's average Accounts Receivable for the six months ended in Dec. 2023 was A$23.5 Mil. Millennium Services Group's Revenue for the six months ended in Dec. 2023 was A$149.2 Mil. Hence, Millennium Services Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 28.79.

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

ASX:MIL' s Days Sales Outstanding Range Over the Past 10 Years
Min: 21.94 Med: 25.44 Max: 30.12
Current: 28.14

During the past 7 years, Millennium Services Group's highest Days Sales Outstanding was 30.12. The lowest was 21.94. And the median was 25.44.

ASX:MIL's Days Sales Outstanding is ranked better than
87.13% of 1041 companies
in the Business Services industry
Industry Median: 58.28 vs ASX:MIL: 28.14

Millennium Services Group's Days Sales Outstanding increased from Dec. 2022 (25.19) to Dec. 2023 (28.79).

Millennium Services Group Days Sales Outstanding Historical Data

The historical data trend for Millennium Services Group'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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Millennium Services Group Days Sales Outstanding Chart

Millennium Services Group Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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25.44

30.12

27.05

24.33

21.94

Millennium Services Group Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial										29.32	29.23	25.19	22.81	28.79

Competitive Comparison of Millennium Services Group's Days Sales Outstanding

For the Specialty Business Services subindustry, Millennium Services Group'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.

Millennium Services Group's Days Sales Outstanding Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Millennium Services Group's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Millennium Services Group's Days Sales Outstanding falls into.

Millennium Services Group 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.

Millennium Services Group'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
=	( (16.85	+	15.099)	/	2 )	/	265.76	*	365
=	15.9745					/	265.76	*	365
=	21.94

Millennium Services Group'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
=	( (15.099	+	31.987)	/	2 )	/	149.242	*	365 / 2
=	23.543					/	149.242	*	365 / 2
=	28.79

Millennium Services Group (ASX:MIL) Days Sales Outstanding Explanation

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

Millennium Services Group Days Sales Outstanding Related Terms

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Millennium Services Group (ASX:MIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Millennium Services Group Ltd (ASX:MIL) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

631 Springvale Road, Level 3, Mulgrave, VIC, AUS, 3170

Website

https://www.millenniumsg.com

Millennium Services Group Ltd provides cleaning, security, maintenance and integrated services. The company offers services to the retail shopping centre, commercial property, and commonwealth and state government sectors. The company segments include Cleaning and Security. The company generates maximum revenue from the Cleaning segment.

Millennium Services Group (ASX:MIL) Headlines

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