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Mainichi Comnet Co (TSE:8908) Days Sales Outstanding : 7.92 (As of Feb. 2024)


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What is Mainichi Comnet Co Days Sales Outstanding?

Mainichi Comnet Co's average Accounts Receivable for the three months ended in Feb. 2024 was 円359 Mil. Mainichi Comnet Co's Revenue for the three months ended in Feb. 2024 was 円4,138 Mil. Hence, Mainichi Comnet Co's Days Sales Outstanding for the three months ended in Feb. 2024 was 7.92.

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

TSE:8908' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.54   Med: 7.15   Max: 8.25
Current: 6.86

During the past 13 years, Mainichi Comnet Co's highest Days Sales Outstanding was 8.25. The lowest was 6.54. And the median was 7.15.

TSE:8908's Days Sales Outstanding is ranked better than
81.35% of 1662 companies
in the Real Estate industry
Industry Median: 36.44 vs TSE:8908: 6.86

Mainichi Comnet Co's Days Sales Outstanding declined from Feb. 2023 (8.96) to Feb. 2024 (7.92).


Mainichi Comnet Co Days Sales Outstanding Historical Data

The historical data trend for Mainichi Comnet 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.

Mainichi Comnet Co Days Sales Outstanding Chart

Mainichi Comnet Co Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.15 7.34 7.69 6.90 6.54

Mainichi Comnet 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.96 7.10 5.02 6.50 7.92

Competitive Comparison of Mainichi Comnet Co's Days Sales Outstanding

For the Real Estate Services subindustry, Mainichi Comnet 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.


Mainichi Comnet Co's Days Sales Outstanding Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mainichi Comnet Co's Days Sales Outstanding distribution charts can be found below:

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



Mainichi Comnet 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.

Mainichi Comnet Co's Days Sales Outstanding for the fiscal year that ended in May. 2023 is calculated as

Days Sales Outstanding (A: May. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: May. 2022 ) + Accounts Receivable (A: May. 2023 )) / count ) / Revenue (A: May. 2023 )*Days in Period
=( (348.946 + 412.374) / 2 ) / 21248.249*365
=380.66 / 21248.249*365
=6.54

Mainichi Comnet 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
=( (294.453 + 423.463) / 2 ) / 4137.533*365 / 4
=358.958 / 4137.533*365 / 4
=7.92

* 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.


Mainichi Comnet Co  (TSE:8908) Days Sales Outstanding Explanation

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


Mainichi Comnet Co Days Sales Outstanding Related Terms

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Mainichi Comnet Co (TSE:8908) Business Description

Traded in Other Exchanges
N/A
Address
Otemachi 2-1-1 Otemachi Nomura Building, Hikaru 15 order, Chiyoda-ku, Tokyo, JPN, 100-0004
Mainichi Comnet Co., Ltd. is a real estate company engaged in the development and consulting for apartments, student management, rental and business support student life travel business as well as arrangement planning and training camp of the Club Circle.

Mainichi Comnet Co (TSE:8908) Headlines

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