McGrath (ASX:MEA) Days Sales Outstanding : 49.25 (As of Dec. 2023)

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What is McGrath Days Sales Outstanding?

McGrath's average Accounts Receivable for the six months ended in Dec. 2023 was A$10.99 Mil. McGrath's Revenue for the six months ended in Dec. 2023 was A$40.72 Mil. Hence, McGrath's Days Sales Outstanding for the six months ended in Dec. 2023 was 49.25.

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

ASX:MEA' s Days Sales Outstanding Range Over the Past 10 Years
Min: 38.63 Med: 63.95 Max: 98.51
Current: 98.51

During the past 8 years, McGrath's highest Days Sales Outstanding was 98.51. The lowest was 38.63. And the median was 63.95.

ASX:MEA's Days Sales Outstanding is ranked worse than
75.75% of 1666 companies
in the Real Estate industry
Industry Median: 36.77 vs ASX:MEA: 98.51

McGrath's Days Sales Outstanding increased from Dec. 2022 (0.00) to Dec. 2023 (49.25).

McGrath Days Sales Outstanding Historical Data

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

McGrath Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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84.99

64.94

42.14

40.10

38.63

McGrath Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial												53.98	51.30	-	-	49.25

Competitive Comparison of McGrath's Days Sales Outstanding

For the Real Estate Services subindustry, McGrath'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.

McGrath's Days Sales Outstanding Distribution in the Real Estate Industry

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

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

McGrath 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.

McGrath's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (9.702	+	7.761)	/	2 )	/	82.51	*	365
=	8.7315					/	82.51	*	365
=	38.63

McGrath'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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (7.761	+	14.216)	/	2 )	/	40.716	*	365 / 2
=	10.9885					/	40.716	*	365 / 2
=	49.25

McGrath (ASX:MEA) Days Sales Outstanding Explanation

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

McGrath Days Sales Outstanding Related Terms

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McGrath (ASX:MEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » McGrath Ltd (ASX:MEA) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Pyrmont Street, Pyrmont, NSW, AUS, 2009

Website

https://www.mcgrath.com.au

McGrath Ltd is a real estate company. It provides a range of services including residential property sales, property management, mortgage broking, auction services, and career training. It operates in the following segments: Company owned sales; Company owned property management; Franchise services; and Other. Geographically, all the business activities of the group function through Australia. The majority of its revenue gets derived from Company owned sales segment that comprises company-owned sales offices for which McGrath earns sales commission revenue including property marketing fees paid by vendor clients.

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