Meiko Network Japan Co (TSE:4668) Days Sales Outstanding : 16.98 (As of Feb. 2024)

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What is Meiko Network Japan Co Days Sales Outstanding?

Meiko Network Japan Co's average Accounts Receivable for the three months ended in Feb. 2024 was 円1,115 Mil. Meiko Network Japan Co's Revenue for the three months ended in Feb. 2024 was 円5,991 Mil. Hence, Meiko Network Japan Co's Days Sales Outstanding for the three months ended in Feb. 2024 was 16.98.

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

TSE:4668' s Days Sales Outstanding Range Over the Past 10 Years
Min: 15.45 Med: 23.9 Max: 27.09
Current: 16.64

During the past 13 years, Meiko Network Japan Co's highest Days Sales Outstanding was 27.09. The lowest was 15.45. And the median was 23.90.

TSE:4668's Days Sales Outstanding is ranked better than
62% of 250 companies
in the Education industry
Industry Median: 28.63 vs TSE:4668: 16.64

Meiko Network Japan Co's Days Sales Outstanding declined from Feb. 2023 (17.38) to Feb. 2024 (16.98).

Meiko Network Japan Co Days Sales Outstanding Historical Data

The historical data trend for Meiko Network Japan 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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Meiko Network Japan Co Days Sales Outstanding Chart

Meiko Network Japan Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Sales Outstanding

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23.58

21.43

15.45

16.18

17.62

Meiko Network Japan Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Sales Outstanding	Get a 7-Day Free Trial															17.38	16.83	13.12	19.92	16.98

Competitive Comparison of Meiko Network Japan Co's Days Sales Outstanding

For the Education & Training Services subindustry, Meiko Network Japan 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.

Meiko Network Japan Co's Days Sales Outstanding Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Meiko Network Japan Co's Days Sales Outstanding distribution charts can be found below:

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

Meiko Network Japan 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.

Meiko Network Japan Co's Days Sales Outstanding for the fiscal year that ended in Aug. 2023 is calculated as

	Days Sales Outstanding (A: Aug. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )	/	Revenue (A: Aug. 2023 )	*	Days in Period
=	( (977	+	1038)	/	2 )	/	20871	*	365
=	1007.5					/	20871	*	365
=	17.62

Meiko Network Japan 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
=	( (1213	+	1016)	/	2 )	/	5991	*	365 / 4
=	1114.5					/	5991	*	365 / 4
=	16.98

Meiko Network Japan Co (TSE:4668) Days Sales Outstanding Explanation

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

Meiko Network Japan Co Days Sales Outstanding Related Terms

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Meiko Network Japan Co (TSE:4668) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Meiko Network Japan Co Ltd (TSE:4668) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

7-20-1 Nishi-Shinjuku, 29th Floor/30th Floor, Sumitomo Fudosan Nishi-Shinjuku Building, Tokyo, JPN, 160-0023

Website

http://www.meikonet.co.jp

Meiko Network Japan Co Ltd provides educational services. The company's business is divided into Meiko Gijuku Business Activities which operates schools for children of all ages from elementary school to university entrance examination. Medical Cram School Business Activities include a school for medicine-related university entrance examination, and Other Business Activities comprises of Soccer schools for preschool children elementary and junior high school students, individual tutoring cram schools, extended-hours cram schools, and others.

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