McMillan Shakespeare (ASX:MMS) Days Sales Outstanding : 28.99 (As of Dec. 2023)

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What is McMillan Shakespeare Days Sales Outstanding?

McMillan Shakespeare's average Accounts Receivable for the six months ended in Dec. 2023 was A$38.9 Mil. McMillan Shakespeare's Revenue for the six months ended in Dec. 2023 was A$245.1 Mil. Hence, McMillan Shakespeare's Days Sales Outstanding for the six months ended in Dec. 2023 was 28.99.

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

ASX:MMS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 12.13 Med: 20.47 Max: 49.73
Current: 49.73

During the past 13 years, McMillan Shakespeare's highest Days Sales Outstanding was 49.73. The lowest was 12.13. And the median was 20.47.

ASX:MMS's Days Sales Outstanding is ranked better than
61.33% of 1037 companies
in the Business Services industry
Industry Median: 58.72 vs ASX:MMS: 49.73

McMillan Shakespeare's Days Sales Outstanding increased from Dec. 2022 (28.35) to Dec. 2023 (28.99).

McMillan Shakespeare Days Sales Outstanding Historical Data

The historical data trend for McMillan Shakespeare'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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McMillan Shakespeare Days Sales Outstanding Chart

McMillan Shakespeare Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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20.56

25.11

22.26

28.22

29.08

McMillan Shakespeare 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															27.20	72.45	28.35	92.95	28.99

Competitive Comparison of McMillan Shakespeare's Days Sales Outstanding

For the Staffing & Employment Services subindustry, McMillan Shakespeare'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.

McMillan Shakespeare's Days Sales Outstanding Distribution in the Business Services Industry

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

* The bar in red indicates where McMillan Shakespeare's Days Sales Outstanding falls into.

McMillan Shakespeare 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.

McMillan Shakespeare'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
=	( (31.781	+	23.978)	/	2 )	/	349.973	*	365
=	27.8795					/	349.973	*	365
=	29.08

McMillan Shakespeare'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
=	( (23.978	+	53.874)	/	2 )	/	245.064	*	365 / 2
=	38.926					/	245.064	*	365 / 2
=	28.99

McMillan Shakespeare (ASX:MMS) Days Sales Outstanding Explanation

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

McMillan Shakespeare Days Sales Outstanding Related Terms

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McMillan Shakespeare (ASX:MMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » McMillan Shakespeare Ltd (ASX:MMS) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

NMN:Germany

Address

360 Elizabeth Street, Floor 21, Melbourne, VIC, AUS, 3000

Website

https://www.mmsg.com.au

McMillan Shakespeare Ltd is a provider of salary packaging, novated leasing, disability plan management and support coordination, asset management, and related financial products and services. It also cross-sells its salary packaging services to private entities via its asset management business in Australia and New Zealand, and it has acquired asset management businesses in the U.K. McMillan's asset management businesses provide motor vehicle leasing and fleet management services. The group has three operating segments: Group Remuneration Services, Asset Management Services, and Plan and Support Services. The prime revenue is generated from Asset Management segment.