Al-Maidan Dental Clinic Co KSC (KUW:MIDAN) Days Sales Outstanding : 86.46 (As of Dec. 2023)

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What is Al-Maidan Dental Clinic Co KSC Days Sales Outstanding?

Al-Maidan Dental Clinic Co KSC's average Accounts Receivable for the three months ended in Dec. 2023 was KWD18.85 Mil. Al-Maidan Dental Clinic Co KSC's Revenue for the three months ended in Dec. 2023 was KWD19.89 Mil. Hence, Al-Maidan Dental Clinic Co KSC's Days Sales Outstanding for the three months ended in Dec. 2023 was 86.46.

The historical rank and industry rank for Al-Maidan Dental Clinic Co KSC's Days Sales Outstanding or its related term are showing as below:

KUW:MIDAN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 61.05 Med: 75.14 Max: 89.5
Current: 89.5

During the past 13 years, Al-Maidan Dental Clinic Co KSC's highest Days Sales Outstanding was 89.50. The lowest was 61.05. And the median was 75.14.

KUW:MIDAN's Days Sales Outstanding is ranked worse than
82.03% of 640 companies
in the Healthcare Providers & Services industry
Industry Median: 46.205 vs KUW:MIDAN: 89.50

Al-Maidan Dental Clinic Co KSC's Days Sales Outstanding declined from Dec. 2022 (86.67) to Dec. 2023 (86.46).

Al-Maidan Dental Clinic Co KSC Days Sales Outstanding Historical Data

The historical data trend for Al-Maidan Dental Clinic Co KSC'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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Al-Maidan Dental Clinic Co KSC Days Sales Outstanding Chart

Al-Maidan Dental Clinic Co KSC Annual Data

Trend

Dec10

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

Get a 7-Day Free Trial

73.23

68.17

76.84

75.14

77.00

Al-Maidan Dental Clinic Co KSC 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															86.67	89.90	91.24	84.91	86.46

Competitive Comparison of Al-Maidan Dental Clinic Co KSC's Days Sales Outstanding

For the Medical Care Facilities subindustry, Al-Maidan Dental Clinic Co KSC'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.

Al-Maidan Dental Clinic Co KSC's Days Sales Outstanding Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Al-Maidan Dental Clinic Co KSC's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Al-Maidan Dental Clinic Co KSC's Days Sales Outstanding falls into.

Al-Maidan Dental Clinic Co KSC 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.

Al-Maidan Dental Clinic Co KSC'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
=	( (14.407	+	16.224)	/	2 )	/	72.6	*	365
=	15.3155					/	72.6	*	365
=	77.00

Al-Maidan Dental Clinic Co KSC'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
=	( (17.947	+	19.749)	/	2 )	/	19.892	*	365 / 4
=	18.848					/	19.892	*	365 / 4
=	86.46

Al-Maidan Dental Clinic Co KSC (KUW:MIDAN) Days Sales Outstanding Explanation

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

Al-Maidan Dental Clinic Co KSC Days Sales Outstanding Related Terms

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Al-Maidan Dental Clinic Co KSC (KUW:MIDAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Al-Maidan Dental Clinic Co KSC (KUW:MIDAN) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Khalid lbn Al-Waleed Street, P.O. Box 606, Floor 32, KBT Tower, Al-Merqab, Opposite to Behbehani Round-about, Kuwait City, KWT, 15457

Website

https://www.maidangroup.com

Al-Maidan Dental Clinic Co KSC owns and operates dental centers. The company operates in two segments: Clinics and Hospitals. Clinics provide services relating to oral health care, diagnosis, consultations and treatment to outpatients with specialty in dental treatment. The hospital segment generates the majority of revenue for the firm, which includes services relating to medical diagnosis, health care, consultations, surgical and treatment to both outpatients and inpatients with various specialties. Geographically, all of its operations are conducted in the State of Kuwait.

Al-Maidan Dental Clinic Co KSC (KUW:MIDAN) Headlines

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