Middle East Specialized Cables Co (SAU:2370) Days Sales Outstanding : 129.36 (As of Mar. 2024)

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What is Middle East Specialized Cables Co Days Sales Outstanding?

Middle East Specialized Cables Co's average Accounts Receivable for the three months ended in Mar. 2024 was ﷼412.9 Mil. Middle East Specialized Cables Co's Revenue for the three months ended in Mar. 2024 was ﷼291.3 Mil. Hence, Middle East Specialized Cables Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 129.36.

The historical rank and industry rank for Middle East Specialized Cables Co's Days Sales Outstanding or its related term are showing as below:

SAU:2370' s Days Sales Outstanding Range Over the Past 10 Years
Min: 137.72 Med: 215.15 Max: 262.28
Current: 143.43

During the past 13 years, Middle East Specialized Cables Co's highest Days Sales Outstanding was 262.28. The lowest was 137.72. And the median was 215.15.

SAU:2370's Days Sales Outstanding is ranked worse than
83.09% of 2951 companies
in the Industrial Products industry
Industry Median: 79.82 vs SAU:2370: 143.43

Middle East Specialized Cables Co's Days Sales Outstanding declined from Mar. 2023 (143.16) to Mar. 2024 (129.36).

Middle East Specialized Cables Co Days Sales Outstanding Historical Data

The historical data trend for Middle East Specialized Cables Co'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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Middle East Specialized Cables Co Days Sales Outstanding Chart

Middle East Specialized Cables Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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262.28

223.05

216.54

137.72

142.91

Middle East Specialized Cables Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															143.16	155.90	157.21	136.70	129.36

Competitive Comparison of Middle East Specialized Cables Co's Days Sales Outstanding

For the Electrical Equipment & Parts subindustry, Middle East Specialized Cables Co'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.

Middle East Specialized Cables Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Middle East Specialized Cables Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Middle East Specialized Cables Co's Days Sales Outstanding falls into.

Middle East Specialized Cables Co 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.

Middle East Specialized Cables Co'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
=	( (339.724	+	386.105)	/	2 )	/	926.882	*	365
=	362.9145					/	926.882	*	365
=	142.91

Middle East Specialized Cables Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (386.105	+	439.771)	/	2 )	/	291.291	*	365 / 4
=	412.938					/	291.291	*	365 / 4
=	129.36

Middle East Specialized Cables Co (SAU:2370) Days Sales Outstanding Explanation

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

Middle East Specialized Cables Co Days Sales Outstanding Related Terms

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Middle East Specialized Cables Co (SAU:2370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Middle East Specialized Cables Co (SAU:2370) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Salahuddin Street, King Abdulaziz Sector, PO Box 60536, Riyadh, SAU, 11555

Website

https://www.mesccables.com

Middle East Specialized Cables Co is a company which is engaged in the production and sale of flexible electric, coaxial, rubber and nylon coated wires and cables, telephone cables for internal extensions, computer cables, safety and anti-fire wires and cables, and control and transmission of information cables. The company's products include instrumentation and process control cables, Building wire, power, and control cables (PVC), data and communication cable, Flexible cables, fire cables, irrigation cables, bare copper and PVCs. It operates its business in two geographic segments namely Saudi Arabia and Unites Arab Emirates (UAE). The majority of the company's revenue comes from Saudi Arabia.

Middle East Specialized Cables Co (SAU:2370) Headlines

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