MGI Tech Co (SHSE:688114) Days Sales Outstanding : 117.68 (As of Mar. 2024)

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What is MGI Tech Co Days Sales Outstanding?

MGI Tech Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥684 Mil. MGI Tech Co's Revenue for the three months ended in Mar. 2024 was ¥531 Mil. Hence, MGI Tech Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 117.68.

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

SHSE:688114' s Days Sales Outstanding Range Over the Past 10 Years
Min: 46.89 Med: 96.8 Max: 363.62
Current: 87.15

During the past 7 years, MGI Tech Co's highest Days Sales Outstanding was 363.62. The lowest was 46.89. And the median was 96.80.

SHSE:688114's Days Sales Outstanding is ranked worse than
71.16% of 808 companies
in the Medical Devices & Instruments industry
Industry Median: 65.12 vs SHSE:688114: 87.15

MGI Tech Co's Days Sales Outstanding increased from Mar. 2023 (87.55) to Mar. 2024 (117.68).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

MGI Tech Co Days Sales Outstanding Historical Data

The historical data trend for MGI Tech 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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MGI Tech Co Days Sales Outstanding Chart

MGI Tech Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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183.68

96.80

65.44

46.89

80.82

MGI Tech Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial													87.55	71.94	84.42	90.11	117.68

Competitive Comparison of MGI Tech Co's Days Sales Outstanding

For the Medical Devices subindustry, MGI Tech 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.

MGI Tech Co's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

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

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

MGI Tech 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.

MGI Tech 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
=	( (593.438	+	695.776)	/	2 )	/	2911.222	*	365
=	644.607					/	2911.222	*	365
=	80.82

MGI Tech 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
=	( (695.776	+	673.12)	/	2 )	/	530.736	*	365 / 4
=	684.448					/	530.736	*	365 / 4
=	117.68

MGI Tech Co (SHSE:688114) Days Sales Outstanding Explanation

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

MGI Tech Co Days Sales Outstanding Related Terms

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MGI Tech Co (SHSE:688114) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MGI Tech Co Ltd (SHSE:688114) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

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Address

Beishan Industrial Zone, 2nd Floor, Comprehensive Building and Building 11, Yantian District, Guangdong Province, Shenzhen, CHN, 518083

Website

http://www.mgi-tech.com

MGI Tech Co Ltd is a producer of clinical high-throughput gene sequencers, and its multi-omics platforms include genetic sequencing, medical imaging, and laboratory automation. It provides real-time, panoramic, and full-life-cycle equipment and systems for precision medicine, precision agriculture, precision healthcare and other relevant industries.

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