MIT Holdings Co (TSE:4016) Days Sales Outstanding : 62.47 (As of Feb. 2024)

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What is MIT Holdings Co Days Sales Outstanding?

MIT Holdings Co's average Accounts Receivable for the three months ended in Feb. 2024 was 円850 Mil. MIT Holdings Co's Revenue for the three months ended in Feb. 2024 was 円1,241 Mil. Hence, MIT Holdings Co's Days Sales Outstanding for the three months ended in Feb. 2024 was 62.47.

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

TSE:4016' s Days Sales Outstanding Range Over the Past 10 Years
Min: 55.85 Med: 60.07 Max: 65.79
Current: 58.68

During the past 6 years, MIT Holdings Co's highest Days Sales Outstanding was 65.79. The lowest was 55.85. And the median was 60.07.

TSE:4016's Days Sales Outstanding is ranked better than
53.83% of 2725 companies
in the Software industry
Industry Median: 61.83 vs TSE:4016: 58.68

MIT Holdings Co's Days Sales Outstanding declined from Feb. 2023 (62.99) to Feb. 2024 (62.47).

MIT Holdings Co Days Sales Outstanding Historical Data

The historical data trend for MIT Holdings 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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MIT Holdings Co Days Sales Outstanding Chart

MIT Holdings Co Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Sales Outstanding

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56.15

62.60

65.79

59.92

60.22

MIT Holdings Co Quarterly Data
	Nov18	Nov19	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Sales Outstanding	Get a 7-Day Free Trial												62.99	56.60	56.37	57.36	62.47

Competitive Comparison of MIT Holdings Co's Days Sales Outstanding

For the Information Technology Services subindustry, MIT Holdings 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.

MIT Holdings Co's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, MIT Holdings Co's Days Sales Outstanding distribution charts can be found below:

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

MIT Holdings 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.

MIT Holdings Co's Days Sales Outstanding for the fiscal year that ended in Nov. 2023 is calculated as

	Days Sales Outstanding (A: Nov. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Nov. 2022 )	+	Accounts Receivable (A: Nov. 2023 ))	/	count )	/	Revenue (A: Nov. 2023 )	*	Days in Period
=	( (760.858	+	818.608)	/	2 )	/	4786.307	*	365
=	789.733					/	4786.307	*	365
=	60.22

MIT Holdings Co's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding (Q: Feb. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Nov. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )	/	Revenue (A: Feb. 2024 )	*	Days in Period
=	( (818.608	+	880.762)	/	2 )	/	1241.217	*	365 / 4
=	849.685					/	1241.217	*	365 / 4
=	62.47

MIT Holdings Co (TSE:4016) Days Sales Outstanding Explanation

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

MIT Holdings Co Days Sales Outstanding Related Terms

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MIT Holdings Co (TSE:4016) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MIT Holdings Co Ltd (TSE:4016) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

N/A

Address

2-6-1 Nakase, Chiba Mihama-ku, World Business Garden Marive West 24th Floor, Chiba, JPN, 261-7124

Website

https://www.mit-hd.co.jp

MIT Holdings Co Ltd is engaged in developing an information service business based on IT technology. The company's services include system integration services such as development, operation and maintenance, infrastructure construction; and solution services such as digital books, CAD, face recognition.

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