Made Tech Group (LSE:MTEC) Days Sales Outstanding : 55.28 (As of Nov. 2023)

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What is Made Tech Group Days Sales Outstanding?

Made Tech Group's average Accounts Receivable for the six months ended in Nov. 2023 was £5.80 Mil. Made Tech Group's Revenue for the six months ended in Nov. 2023 was £19.13 Mil. Hence, Made Tech Group's Days Sales Outstanding for the six months ended in Nov. 2023 was 55.28.

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

LSE:MTEC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 35.55 Med: 40.49 Max: 57.56
Current: 56.46

During the past 5 years, Made Tech Group's highest Days Sales Outstanding was 57.56. The lowest was 35.55. And the median was 40.49.

LSE:MTEC's Days Sales Outstanding is ranked better than
56.21% of 2729 companies
in the Software industry
Industry Median: 61.8 vs LSE:MTEC: 56.46

Made Tech Group's Days Sales Outstanding increased from Nov. 2022 (47.96) to Nov. 2023 (55.28).

Made Tech Group Days Sales Outstanding Historical Data

The historical data trend for Made Tech Group'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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Made Tech Group Days Sales Outstanding Chart

Made Tech Group Annual Data

Trend

May19

May20

May21

May22

May23

Days Sales Outstanding

35.55

57.56

46.71

40.49

39.52

Made Tech Group Semi-Annual Data
	May19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Days Sales Outstanding	Get a 7-Day Free Trial				52.27	46.83	47.96	49.73	55.28

Competitive Comparison of Made Tech Group's Days Sales Outstanding

For the Information Technology Services subindustry, Made Tech Group'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.

Made Tech Group's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, Made Tech Group's Days Sales Outstanding distribution charts can be found below:

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

Made Tech Group 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.

Made Tech Group's Days Sales Outstanding for the fiscal year that ended in May. 2023 is calculated as

	Days Sales Outstanding (A: May. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: May. 2022 )	+	Accounts Receivable (A: May. 2023 ))	/	count )	/	Revenue (A: May. 2023 )	*	Days in Period
=	( (4.4	+	4.304)	/	2 )	/	40.195	*	365
=	4.352					/	40.195	*	365
=	39.52

Made Tech Group's Days Sales Outstanding for the quarter that ended in Nov. 2023 is calculated as:

	Days Sales Outstanding (Q: Nov. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: May. 2023 )	+	Accounts Receivable (A: Nov. 2023 ))	/	count )	/	Revenue (A: Nov. 2023 )	*	Days in Period
=	( (4.304	+	7.288)	/	2 )	/	19.134	*	365 / 2
=	5.796					/	19.134	*	365 / 2
=	55.28

Made Tech Group (LSE:MTEC) Days Sales Outstanding Explanation

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

Made Tech Group Days Sales Outstanding Related Terms

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Made Tech Group (LSE:MTEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Made Tech Group PLC (LSE:MTEC) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

5UH:Germany

Address

4 O’Meara Street, London, GBR, SE1 1TE

Website

https://www.madetech.com

Made Tech Group PLC provides digital, data and technology services to the UK public sector, that enables central government, healthcare, and local government organisations to digitally transform. Its projects include delivering and operating the Multichannel Digital Tax Platform (MDTP), which runs HMRC's Making Tax Digital services; supporting the Ministry of Justice to modernise the technology within the prison estate; and working with DVLA to digitally transform key services such as the UK provisional driving licence system.

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