Meitec Group Holdings (TSE:9744) Days Sales Outstanding : 49.30 (As of Dec. 2023)

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What is Meitec Group Holdings Days Sales Outstanding?

Meitec Group Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was 円17,799 Mil. Meitec Group Holdings's Revenue for the three months ended in Dec. 2023 was 円32,944 Mil. Hence, Meitec Group Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 49.30.

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

TSE:9744' s Days Sales Outstanding Range Over the Past 10 Years
Min: 50.84 Med: 53.37 Max: 55.4
Current: 50.84

During the past 13 years, Meitec Group Holdings's highest Days Sales Outstanding was 55.40. The lowest was 50.84. And the median was 53.37.

TSE:9744's Days Sales Outstanding is ranked better than
59.23% of 1040 companies
in the Business Services industry
Industry Median: 58.575 vs TSE:9744: 50.84

Meitec Group Holdings's Days Sales Outstanding increased from Dec. 2022 (48.91) to Dec. 2023 (49.30).

Meitec Group Holdings Days Sales Outstanding Historical Data

The historical data trend for Meitec Group Holdings'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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Meitec Group Holdings Days Sales Outstanding Chart

Meitec Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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51.72

51.64

55.33

52.29

51.27

Meitec Group Holdings 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															48.91	50.78	51.90	52.74	49.30

Competitive Comparison of Meitec Group Holdings's Days Sales Outstanding

For the Staffing & Employment Services subindustry, Meitec Group Holdings'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.

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

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

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

Meitec Group Holdings 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.

Meitec Group Holdings'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
=	( (16098	+	17354)	/	2 )	/	119069	*	365
=	16726					/	119069	*	365
=	51.27

Meitec Group Holdings'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
=	( (17872	+	17726)	/	2 )	/	32944	*	365 / 4
=	17799					/	32944	*	365 / 4
=	49.30

Meitec Group Holdings (TSE:9744) Days Sales Outstanding Explanation

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

Meitec Group Holdings Days Sales Outstanding Related Terms

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Meitec Group Holdings (TSE:9744) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Meitec Group Holdings Inc (TSE:9744) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1-10 Ueno, Taito-ku, Tokyo, JPN, 110-0005

Website

https://www.meitec.co.jp

Meitec Group Holdings Inc formerly Meitec Corp offers staffing in the flexible labour market and engineering solutions for manufacturers. The company provides temporary engineering staffing, senior-workforce development, career development and career change support, global engineering solution outsourcing, prototyping and mold making, mounting and design of circuit boards, and information technology solutions. The core business segment is temporary staffing offering flexible staffing for engineering companies. Meitec operates in Japan.

Meitec Group Holdings (TSE:9744) Headlines

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