MJ Gleeson (LSE:GLE) Days Sales Outstanding : 11.01 (As of Dec. 2023)

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What is MJ Gleeson Days Sales Outstanding?

MJ Gleeson's average Accounts Receivable for the six months ended in Dec. 2023 was £9.1 Mil. MJ Gleeson's Revenue for the six months ended in Dec. 2023 was £151.5 Mil. Hence, MJ Gleeson's Days Sales Outstanding for the six months ended in Dec. 2023 was 11.01.

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

LSE:GLE' s Days Sales Outstanding Range Over the Past 10 Years
Min: 14.91 Med: 43.5 Max: 63.92
Current: 15.88

During the past 13 years, MJ Gleeson's highest Days Sales Outstanding was 63.92. The lowest was 14.91. And the median was 43.50.

LSE:GLE's Days Sales Outstanding is ranked better than
61.29% of 93 companies
in the Homebuilding & Construction industry
Industry Median: 22.77 vs LSE:GLE: 15.88

MJ Gleeson's Days Sales Outstanding declined from Dec. 2022 (22.66) to Dec. 2023 (11.01).

MJ Gleeson Days Sales Outstanding Historical Data

The historical data trend for MJ Gleeson'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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MJ Gleeson Days Sales Outstanding Chart

MJ Gleeson Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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41.19

63.92

14.91

18.69

16.86

MJ Gleeson Semi-Annual Data
	Jun14	Dec14	Jun15	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															19.79	18.37	22.66	18.52	11.01

Competitive Comparison of MJ Gleeson's Days Sales Outstanding

For the Residential Construction subindustry, MJ Gleeson'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.

MJ Gleeson's Days Sales Outstanding Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, MJ Gleeson's Days Sales Outstanding distribution charts can be found below:

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

MJ Gleeson 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.

MJ Gleeson'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
=	( (20.423	+	9.904)	/	2 )	/	328.319	*	365
=	15.1635					/	328.319	*	365
=	16.86

MJ Gleeson'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
=	( (9.904	+	8.372)	/	2 )	/	151.463	*	365 / 2
=	9.138					/	151.463	*	365 / 2
=	11.01

MJ Gleeson (LSE:GLE) Days Sales Outstanding Explanation

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

MJ Gleeson Days Sales Outstanding Related Terms

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MJ Gleeson (LSE:GLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » MJ Gleeson PLC (LSE:GLE) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

GLEl:UK

Address

6 Europa Court, Sheffield Business Park, Sheffield, GBR, S9 1XE

Website

https://www.mjgleesonplc.com

MJ Gleeson PLC is engaged in the business of homebuilding. It's business activities flow through two distinct divisions, Gleeson Homes and Gleeson Strategic Land. Gleeson Homes being the revenue earning segment of the two conducts all activities for the development and sale of residential property. The Strategic Land business includes conducting operations relating to enhancing the value of land and ensuring the value is achieved for the stakeholders. Its property offering is spread across the United Kingdom.

MJ Gleeson (LSE:GLE) Headlines

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