Midac Holdings Co (TSE:6564) Days Sales Outstanding : 39.25 (As of Dec. 2023)

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What is Midac Holdings Co Days Sales Outstanding?

Midac Holdings Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円1,162 Mil. Midac Holdings Co's Revenue for the three months ended in Dec. 2023 was 円2,701 Mil. Hence, Midac Holdings Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 39.25.

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

TSE:6564' s Days Sales Outstanding Range Over the Past 10 Years
Min: 38.63 Med: 40.01 Max: 42.61
Current: 42.35

During the past 8 years, Midac Holdings Co's highest Days Sales Outstanding was 42.61. The lowest was 38.63. And the median was 40.01.

TSE:6564's Days Sales Outstanding is ranked better than
77.83% of 230 companies
in the Waste Management industry
Industry Median: 72 vs TSE:6564: 42.35

Midac Holdings Co's Days Sales Outstanding declined from Dec. 2022 (39.75) to Dec. 2023 (39.25).

Midac Holdings Co Days Sales Outstanding Historical Data

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

Midac Holdings Co Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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41.08

39.64

42.61

39.90

38.63

Midac Holdings Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															39.75	42.83	41.10	44.94	39.25

Competitive Comparison of Midac Holdings Co's Days Sales Outstanding

For the Waste Management subindustry, Midac 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.

Midac Holdings Co's Days Sales Outstanding Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Midac Holdings Co's Days Sales Outstanding distribution charts can be found below:

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

Midac 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.

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

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (676.33	+	968.534)	/	2 )	/	7771.698	*	365
=	822.432					/	7771.698	*	365
=	38.63

Midac Holdings Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (1074.159	+	1248.916)	/	2 )	/	2700.502	*	365 / 4
=	1161.5375					/	2700.502	*	365 / 4
=	39.25

Midac Holdings Co (TSE:6564) Days Sales Outstanding Explanation

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

Midac Holdings Co Days Sales Outstanding Related Terms

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Midac Holdings Co (TSE:6564) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Midac Holdings Co Ltd (TSE:6564) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

2163 Aritama Minamimachi,, Higashi-ku, Shizuoka Prefecture, Hamamastu, JPN, 431-3122

Website

http://www.midac.jp

Midac Holdings Co Ltd is engaged in the waste disposal business. It engages in the collection, transportation, and disposal of industrial waste, specially controlled industrial waste, and business-related general waste, household-related general waste, and consignment from local governments. It is also engaged in the recycling business.

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