Kip McGrath Education Centres (ASX:KME) Days Sales Outstanding : 15.66 (As of Dec. 2024)

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What is Kip McGrath Education Centres Days Sales Outstanding?

Kip McGrath Education Centres's average Accounts Receivable for the six months ended in Dec. 2024 was A$1.30 Mil. Kip McGrath Education Centres's Revenue for the six months ended in Dec. 2024 was A$15.17 Mil. Hence, Kip McGrath Education Centres's Days Sales Outstanding for the six months ended in Dec. 2024 was 15.66.

The historical rank and industry rank for Kip McGrath Education Centres's Days Sales Outstanding or its related term are showing as below:

ASX:KME' s Days Sales Outstanding Range Over the Past 10 Years
Min: 12.23 Med: 17.43 Max: 24.44
Current: 17.5

During the past 13 years, Kip McGrath Education Centres's highest Days Sales Outstanding was 24.44. The lowest was 12.23. And the median was 17.43.

ASX:KME's Days Sales Outstanding is ranked better than
60.64% of 249 companies
in the Education industry
Industry Median: 27.09 vs ASX:KME: 17.50

Kip McGrath Education Centres's Days Sales Outstanding declined from Dec. 2023 (19.75) to Dec. 2024 (15.66).

Kip McGrath Education Centres Days Sales Outstanding Historical Data

The historical data trend for Kip McGrath Education Centres'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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Kip McGrath Education Centres Days Sales Outstanding Chart

Kip McGrath Education Centres Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Sales Outstanding

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12.23

12.76

23.26

23.37

13.75

Kip McGrath Education Centres Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Sales Outstanding	Get a 7-Day Free Trial															32.36	20.43	19.75	17.74	15.66

Competitive Comparison of Kip McGrath Education Centres's Days Sales Outstanding

For the Education & Training Services subindustry, Kip McGrath Education Centres'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.

Kip McGrath Education Centres's Days Sales Outstanding Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Kip McGrath Education Centres's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Kip McGrath Education Centres's Days Sales Outstanding falls into.

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Kip McGrath Education Centres 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.

Kip McGrath Education Centres's Days Sales Outstanding for the fiscal year that ended in Jun. 2024 is calculated as

	Days Sales Outstanding (A: Jun. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )	/	Revenue (A: Jun. 2024 )	*	Days in Period
=	( (1.126	+	1.302)	/	2 )	/	32.216	*	365
=	1.214					/	32.216	*	365
=	13.75

Kip McGrath Education Centres's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding (Q: Dec. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2024 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )	/	Revenue (A: Dec. 2024 )	*	Days in Period
=	( (1.302	+	1.3)	/	2 )	/	15.165	*	365 / 2
=	1.301					/	15.165	*	365 / 2
=	15.66

Kip McGrath Education Centres (ASX:KME) Days Sales Outstanding Explanation

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

Kip McGrath Education Centres Days Sales Outstanding Related Terms

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Kip McGrath Education Centres Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Kip McGrath Education Centres Ltd (ASX:KME) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

7 Bond Street, Newcastle, NSW, AUS, 2300

Website

https://www.kipmcgrath.com

Kip McGrath Education Centres Ltd offers supplementary education to students through the franchise in Australia and overseas, in the United Kingdom and New Zealand. Its products are face-to-face tuition programs, direct at-home educational products, and online tertiary courses. Geographically, the company operates in Australasia, the United Kingdom and Europe, and Other overseas regions. It derives revenue from franchise fees, student lesson fees, sales of master territories and franchise centers, and direct sales, of which a majority of the revenue is derived from franchise fees.