TOKAI (TSE:9729) Days Sales Outstanding : 53.49 (As of Dec. 2023)

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What is TOKAI Days Sales Outstanding?

TOKAI's average Accounts Receivable for the three months ended in Dec. 2023 was 円20,842 Mil. TOKAI's Revenue for the three months ended in Dec. 2023 was 円35,553 Mil. Hence, TOKAI's Days Sales Outstanding for the three months ended in Dec. 2023 was 53.49.

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

TSE:9729' s Days Sales Outstanding Range Over the Past 10 Years
Min: 51.16 Med: 52.89 Max: 55.21
Current: 53.46

During the past 13 years, TOKAI's highest Days Sales Outstanding was 55.21. The lowest was 51.16. And the median was 52.89.

TSE:9729's Days Sales Outstanding is ranked better than
56.24% of 1042 companies
in the Business Services industry
Industry Median: 58.68 vs TSE:9729: 53.46

TOKAI's Days Sales Outstanding increased from Dec. 2022 (51.62) to Dec. 2023 (53.49).

TOKAI Days Sales Outstanding Historical Data

The historical data trend for TOKAI'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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TOKAI Days Sales Outstanding Chart

TOKAI Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

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51.16

52.88

52.05

52.16

52.89

TOKAI 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															53.41	52.53	52.90	53.49	55.45

Competitive Comparison of TOKAI's Days Sales Outstanding

For the Rental & Leasing Services subindustry, TOKAI'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.

TOKAI's Days Sales Outstanding Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, TOKAI's Days Sales Outstanding distribution charts can be found below:

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

TOKAI 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.

TOKAI's Days Sales Outstanding for the fiscal year that ended in Mar. 2024 is calculated as

	Days Sales Outstanding (A: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (19071	+	20985)	/	2 )	/	138222	*	365
=	20028					/	138222	*	365
=	52.89

TOKAI'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
=	( (20366	+	21317)	/	2 )	/	35553	*	365 / 4
=	20841.5					/	35553	*	365 / 4
=	53.49

TOKAI (TSE:9729) Days Sales Outstanding Explanation

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

TOKAI Days Sales Outstanding Related Terms

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TOKAI (TSE:9729) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » TOKAI Corp (TSE:9729) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

9-16 Wakamiya-cho, Gifu-shi, JPN, 500-8828

Website

http://www.tokai-corp.com

TOKAI Corp is a Japan-based company which is involved in rental and leasing business. The firm is primarily engaged in supplying beddings for hospitals, clinics, and care facilities, as well as hotels and resort facilities, on a rental or contract basis. Its have business segments include The Healthy Life Services segment rents beddings and nursing care products, provides food service, and manufactures and sells cleaning machinery, The Dispensing Services segment operates pharmacies for dispensing service in front of general hospitals, The Environmental Services segment is engaged in the rental and sale of environmental products, and The Building Cleaning and Management services mainly for medical institutions and nursing care facilities.

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