Medinet Co (TSE:2370) Days Sales Outstanding : 129.43 (As of Mar. 2024)

View and export this data going back to 2003. Start your Free Trial

What is Medinet Co Days Sales Outstanding?

Medinet Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円214.8 Mil. Medinet Co's Revenue for the three months ended in Mar. 2024 was 円151.5 Mil. Hence, Medinet Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 129.43.

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

TSE:2370' s Days Sales Outstanding Range Over the Past 10 Years
Min: 63.2 Med: 96.94 Max: 133.48
Current: 102.65

During the past 13 years, Medinet Co's highest Days Sales Outstanding was 133.48. The lowest was 63.20. And the median was 96.94.

TSE:2370's Days Sales Outstanding is ranked worse than
67.19% of 890 companies
in the Biotechnology industry
Industry Median: 72.665 vs TSE:2370: 102.65

Medinet Co's Days Sales Outstanding increased from Mar. 2023 (96.78) to Mar. 2024 (129.43).

Medinet Co Days Sales Outstanding Historical Data

The historical data trend for Medinet 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.

* Premium members only.

Medinet Co Days Sales Outstanding Chart

Medinet Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Sales Outstanding

Get a 7-Day Free Trial

98.90

133.48

119.35

112.42

107.21

Medinet 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															96.78	113.22	107.29	81.39	129.43

Competitive Comparison of Medinet Co's Days Sales Outstanding

For the Biotechnology subindustry, Medinet 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.

Medinet Co's Days Sales Outstanding Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Medinet Co's Days Sales Outstanding distribution charts can be found below:

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

Medinet 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.

Medinet Co's Days Sales Outstanding for the fiscal year that ended in Sep. 2023 is calculated as

	Days Sales Outstanding (A: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (170.996	+	217.624)	/	2 )	/	661.543	*	365
=	194.31					/	661.543	*	365
=	107.21

Medinet 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
=	( (225.208	+	204.451)	/	2 )	/	151.458	*	365 / 4
=	214.8295					/	151.458	*	365 / 4
=	129.43

Medinet Co (TSE: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.

Medinet Co Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Medinet Co's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Medinet Co (TSE:2370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Medinet Co Ltd (TSE:2370) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-3-12 Shin-Yokohama, Shin-Yokohama Square Building, 14 Floor, Kohoku-ku, Yokohama, JPN, 222-0033

Website

http://www.medinet-inc.co.jp

Medinet Co Ltd is a Japan-based Contract Development and Manufacturing Organization (CDMO). The company is engaged in the research and development of regenerative medical products, investigational products, and specified cell products. MEDINET is a one-stop regenerative medicine and cell therapy solution provider. It provides value chain solutions including personnel training, facility and equipment design, facility operations and management, preparation of standard operating procedures, logistics network, information system, purchasing and production management, quality management solutions to medical institutions, research institutions, and biopharmaceutical companies.

Medinet Co (TSE:2370) Headlines

No Headlines