Mirle Automation Co (TPE:2464) Days Sales Outstanding : 27.74 (As of Mar. 2024)

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What is Mirle Automation Co Days Sales Outstanding?

Mirle Automation Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$435 Mil. Mirle Automation Co's Revenue for the three months ended in Mar. 2024 was NT$1,431 Mil. Hence, Mirle Automation Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 27.74.

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

TPE:2464' s Days Sales Outstanding Range Over the Past 10 Years
Min: 14.26 Med: 22.02 Max: 35.46
Current: 18.52

During the past 13 years, Mirle Automation Co's highest Days Sales Outstanding was 35.46. The lowest was 14.26. And the median was 22.02.

TPE:2464's Days Sales Outstanding is ranked better than
97.39% of 2951 companies
in the Industrial Products industry
Industry Median: 79.82 vs TPE:2464: 18.52

Mirle Automation Co's Days Sales Outstanding increased from Mar. 2023 (14.94) to Mar. 2024 (27.74).

Mirle Automation Co Days Sales Outstanding Historical Data

The historical data trend for Mirle Automation 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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Mirle Automation Co Days Sales Outstanding Chart

Mirle Automation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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30.71

35.46

20.67

14.26

16.53

Mirle Automation 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															14.94	17.55	13.64	17.91	27.74

Competitive Comparison of Mirle Automation Co's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Mirle Automation 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.

Mirle Automation Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mirle Automation Co's Days Sales Outstanding distribution charts can be found below:

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

Mirle Automation 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.

Mirle Automation 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
=	( (352.163	+	445.93)	/	2 )	/	8812.743	*	365
=	399.0465					/	8812.743	*	365
=	16.53

Mirle Automation 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
=	( (445.93	+	424.126)	/	2 )	/	1430.995	*	365 / 4
=	435.028					/	1430.995	*	365 / 4
=	27.74

Mirle Automation Co (TPE:2464) Days Sales Outstanding Explanation

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

Mirle Automation Co Days Sales Outstanding Related Terms

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Mirle Automation Co (TPE:2464) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mirle Automation Co Ltd (TPE:2464) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

No.3, R&D Road II, Science Park, Hsinchu, TWN, 30076

Website

https://www.mirle.com.tw

Mirle Automation Co Ltd is one of the leaders in automation system integrators and related product manufacturers. The Corporation is mainly engaged in the business of automation equipment systems and its components various parking facilities, medical equipment and the design, development, production and sale of the automation equipment used in these products, and also provides after-sales services for the products. It is also engaged in the leasing business and develops and sells software and databases that are used in automation equipment. Moreover, the corporation also provides construction planning, installation, consulting, and maintenance services for the above products.

Mirle Automation Co (TPE:2464) Headlines

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