Morgan Advanced Materials (LSE:MGAM) Days Sales Outstanding : 63.08 (As of Dec. 2023)

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What is Morgan Advanced Materials Days Sales Outstanding?

Morgan Advanced Materials's average Accounts Receivable for the six months ended in Dec. 2023 was £194 Mil. Morgan Advanced Materials's Revenue for the six months ended in Dec. 2023 was £561 Mil. Hence, Morgan Advanced Materials's Days Sales Outstanding for the six months ended in Dec. 2023 was 63.08.

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

LSE:MGAM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 50.61 Med: 62.92 Max: 66.93
Current: 60.94

During the past 13 years, Morgan Advanced Materials's highest Days Sales Outstanding was 66.93. The lowest was 50.61. And the median was 62.92.

LSE:MGAM's Days Sales Outstanding is ranked better than
70.13% of 2953 companies
in the Industrial Products industry
Industry Median: 79.44 vs LSE:MGAM: 60.94

Morgan Advanced Materials's Days Sales Outstanding increased from Dec. 2022 (57.36) to Dec. 2023 (63.08).

Morgan Advanced Materials Days Sales Outstanding Historical Data

The historical data trend for Morgan Advanced Materials'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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Morgan Advanced Materials Days Sales Outstanding Chart

Morgan Advanced Materials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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63.04

57.39

50.61

50.84

54.13

Morgan Advanced Materials 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															56.02	57.55	57.36	65.62	63.08

Competitive Comparison of Morgan Advanced Materials's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Morgan Advanced Materials'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.

Morgan Advanced Materials's Days Sales Outstanding Distribution in the Industrial Products Industry

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

* The bar in red indicates where Morgan Advanced Materials's Days Sales Outstanding falls into.

Morgan Advanced Materials 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.

Morgan Advanced Materials's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (170.6	+	160)	/	2 )	/	1114.7	*	365
=	165.3					/	1114.7	*	365
=	54.13

Morgan Advanced Materials'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
=	( (227.7	+	160)	/	2 )	/	560.8	*	365 / 2
=	193.85					/	560.8	*	365 / 2
=	63.08

Morgan Advanced Materials (LSE:MGAM) Days Sales Outstanding Explanation

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

Morgan Advanced Materials Days Sales Outstanding Related Terms

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Morgan Advanced Materials (LSE:MGAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Morgan Advanced Materials PLC (LSE:MGAM) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

MCRUF:USA MGAMl:UK MGJ:Germany

Address

Sheet Street, York House, Windsor, GBR, SL4 1DD

Website

https://www.morganadvancedmaterials.com

Morgan Advanced Materials PLC is a U.K.-based company that manufactures a wide array of specialized and high-specification materials. The company's product line includes high-temperature insulation products used to reduce energy consumption, electrical carbon, linear and rotary transfer systems used for transferring electrical energy in motor and generator applications, seals and bearings, ceramic cores, piezoelectric sensors and transducers, crucibles, and others. The company's customers come from sectors including healthcare, petrochemical, transportation, electronics, energy, security and defense, and other industrial applications. Morgan Advanced Materials has a global presence, with the United States being the largest markets for the company.