Mitsubishi Electric (Mitsubishi Electric) Days Sales Outstanding : 63.62 (As of Dec. 2023)

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What is Mitsubishi Electric Days Sales Outstanding?

Mitsubishi Electric's average Accounts Receivable for the three months ended in Dec. 2023 was $6,023 Mil. Mitsubishi Electric's Revenue for the three months ended in Dec. 2023 was $8,640 Mil. Hence, Mitsubishi Electric's Days Sales Outstanding for the three months ended in Dec. 2023 was 63.62.

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

MIELY' s Days Sales Outstanding Range Over the Past 10 Years
Min: 63.2 Med: 77.08 Max: 88.13
Current: 63.2

During the past 13 years, Mitsubishi Electric's highest Days Sales Outstanding was 88.13. The lowest was 63.20. And the median was 77.08.

MIELY's Days Sales Outstanding is ranked better than
66.7% of 2958 companies
in the Industrial Products industry
Industry Median: 79.24 vs MIELY: 63.20

Mitsubishi Electric's Days Sales Outstanding increased from Dec. 2022 (60.22) to Dec. 2023 (63.62).

Mitsubishi Electric Days Sales Outstanding Historical Data

The historical data trend for Mitsubishi Electric'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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Mitsubishi Electric Days Sales Outstanding Chart

Mitsubishi Electric Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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76.93

74.00

79.07

78.83

77.18

Mitsubishi Electric 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															60.22	59.32	74.64	63.24	63.62

Competitive Comparison of Mitsubishi Electric's Days Sales Outstanding

For the Electrical Equipment & Parts subindustry, Mitsubishi Electric'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.

Mitsubishi Electric's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mitsubishi Electric's Days Sales Outstanding distribution charts can be found below:

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

Mitsubishi Electric 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.

Mitsubishi Electric'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
=	( (7964.46	+	7867.778)	/	2 )	/	37434.783	*	365
=	7916.119					/	37434.783	*	365
=	77.18

Mitsubishi Electric'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
=	( (6102.323	+	5944.076)	/	2 )	/	8639.547	*	365 / 4
=	6023.1995					/	8639.547	*	365 / 4
=	63.62

Mitsubishi Electric (OTCPK:MIELY) Days Sales Outstanding Explanation

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

Mitsubishi Electric Days Sales Outstanding Related Terms

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Mitsubishi Electric (Mitsubishi Electric) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mitsubishi Electric Corp (OTCPK:MIELY) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

MIELF:USA 6503:Japan MIE1:Germany

Address

Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8310

Website

https://www.mitsubishielectric.com

Mitsubishi Electric is a general electric diversified industrials company that develops, manufactures and sells electrical equipment worldwide. The company's core segments include: industrial automation systems, energy and electric systems, electric devices, information and communication systems, and home appliances (which includes commercial air conditioning). Mitsubishi Electric was founded in 1921 and is headquartered in Tokyo.