Midwich Group (LSE:MIDW) Days Sales Outstanding : 58.73 (As of Dec. 2023)

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What is Midwich Group Days Sales Outstanding?

Midwich Group's average Accounts Receivable for the six months ended in Dec. 2023 was £218 Mil. Midwich Group's Revenue for the six months ended in Dec. 2023 was £679 Mil. Hence, Midwich Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 58.73.

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

LSE:MIDW' s Days Sales Outstanding Range Over the Past 10 Years
Min: 42.9 Med: 45.9 Max: 59.45
Current: 59.45

During the past 11 years, Midwich Group's highest Days Sales Outstanding was 59.45. The lowest was 42.90. And the median was 45.90.

LSE:MIDW's Days Sales Outstanding is ranked better than
67.32% of 2460 companies
in the Hardware industry
Industry Median: 74.5 vs LSE:MIDW: 59.45

Midwich Group's Days Sales Outstanding declined from Dec. 2022 (58.85) to Dec. 2023 (58.73).

Midwich Group Days Sales Outstanding Historical Data

The historical data trend for Midwich Group'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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Midwich Group Days Sales Outstanding Chart

Midwich Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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46.00

47.94

42.90

45.79

55.62

Midwich Group Semi-Annual Data
	Dec13	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															46.29	52.30	58.85	64.28	58.73

Competitive Comparison of Midwich Group's Days Sales Outstanding

For the Electronics & Computer Distribution subindustry, Midwich Group'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.

Midwich Group's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Midwich Group's Days Sales Outstanding distribution charts can be found below:

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

Midwich Group 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.

Midwich Group'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
=	( (193.027	+	199.893)	/	2 )	/	1289.144	*	365
=	196.46					/	1289.144	*	365
=	55.62

Midwich Group'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
=	( (236.967	+	199.893)	/	2 )	/	678.702	*	365 / 2
=	218.43					/	678.702	*	365 / 2
=	58.73

Midwich Group (LSE:MIDW) Days Sales Outstanding Explanation

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

Midwich Group Days Sales Outstanding Related Terms

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Midwich Group (LSE:MIDW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Midwich Group PLC (LSE:MIDW) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

9S2:Germany

Address

Vinces Road, Diss, Norfolk, GBR, IP22 4YT

Website

https://www.midwichgroupplc.com

Midwich Group PLC provides audio-visual (AV) and document solutions to the trade market. The company's product portfolio includes audiovisual categories such as displays, projectors, digital signage, unified communications, and professional audio. It operates in four segments based on its geography: UK & Ireland, EMEA (Europe, Middle East, and Africa), Asia Pacific, and North America in which it generates the majority of revenue from the UK & Ireland.

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