Mentice AB (FRA:MN2) Days Sales Outstanding : 87.08 (As of Dec. 2023)

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What is Mentice AB Days Sales Outstanding?

Mentice AB's average Accounts Receivable for the three months ended in Dec. 2023 was €6.01 Mil. Mentice AB's Revenue for the three months ended in Dec. 2023 was €6.30 Mil. Hence, Mentice AB's Days Sales Outstanding for the three months ended in Dec. 2023 was 87.08.

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

FRA:MN2' s Days Sales Outstanding Range Over the Past 10 Years
Min: 75.77 Med: 96.45 Max: 128.87
Current: 101.25

During the past 7 years, Mentice AB's highest Days Sales Outstanding was 128.87. The lowest was 75.77. And the median was 96.45.

FRA:MN2's Days Sales Outstanding is ranked worse than
79.43% of 807 companies
in the Medical Devices & Instruments industry
Industry Median: 64.66 vs FRA:MN2: 101.25

Mentice AB's Days Sales Outstanding declined from Dec. 2022 (108.83) to Dec. 2023 (87.08).

Mentice AB Days Sales Outstanding Historical Data

The historical data trend for Mentice AB'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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Mentice AB Days Sales Outstanding Chart

Mentice AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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98.45

87.30

96.72

132.90

115.11

Mentice AB 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															108.83	108.19	97.83	102.06	87.08

Competitive Comparison of Mentice AB's Days Sales Outstanding

For the Medical Devices subindustry, Mentice AB'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.

Mentice AB's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Mentice AB's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Mentice AB's Days Sales Outstanding falls into.

Mentice AB 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.

Mentice AB's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (7.785	+	7.643)	/	2 )	/	24.46	*	365
=	7.714					/	24.46	*	365
=	115.11

Mentice AB'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
=	( (4.376	+	7.643)	/	2 )	/	6.297	*	365 / 4
=	6.0095					/	6.297	*	365 / 4
=	87.08

Mentice AB (FRA:MN2) Days Sales Outstanding Explanation

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

Mentice AB Days Sales Outstanding Related Terms

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Mentice AB (FRA:MN2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Mentice AB (FRA:MN2) » Definitions » Days Sales Outstanding

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MNTC:Sweden

Address

Odinsgatan 10, Gothenburg, SWE, 411 03

Website

https://www.mentice.com

Mentice AB is engaged in the provision of software and hardware simulation solutions for endovascular therapies. Its solutions help healthcare professionals acquire, retain, and enhance their procedural skills driving improved productivity and outcomes. It operates through three segments: System Sales, Software Licences, and Service.

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