Meikles (LSE:MIK) Days Sales Outstanding : 0.72 (As of Aug. 2023)

View and export this data going back to 1943. Start your Free Trial

What is Meikles Days Sales Outstanding?

Meikles's average Accounts Receivable for the six months ended in Aug. 2023 was $11 Mil. Meikles's Revenue for the six months ended in Aug. 2023 was $2,701 Mil. Hence, Meikles's Days Sales Outstanding for the six months ended in Aug. 2023 was 0.72.

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

LSE:MIK' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.21 Med: 10.92 Max: 105.15
Current: 1.25

During the past 7 years, Meikles's highest Days Sales Outstanding was 105.15. The lowest was 1.21. And the median was 10.92.

LSE:MIK's Days Sales Outstanding is ranked better than
96.01% of 1078 companies
in the Retail - Cyclical industry
Industry Median: 17.55 vs LSE:MIK: 1.25

Meikles's Days Sales Outstanding declined from Mar. 2022 (1.46) to Aug. 2023 (0.72).

Meikles Days Sales Outstanding Historical Data

The historical data trend for Meikles'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.

* Premium members only.

Meikles Days Sales Outstanding Chart

Meikles Annual Data

Trend

Dec08

Dec09

Mar11

Mar12

Mar19

Mar20

Mar21

Days Sales Outstanding

Get a 7-Day Free Trial

10.92

11.73

105.16

2.87

1.21

Meikles Semi-Annual Data
	Dec09	Mar11	Mar12	Sep12	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Aug23
Days Sales Outstanding	Get a 7-Day Free Trial									5.75	2.17	1.46	2.91	0.72

Competitive Comparison of Meikles's Days Sales Outstanding

For the Department Stores subindustry, Meikles'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.

Meikles's Days Sales Outstanding Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Meikles's Days Sales Outstanding distribution charts can be found below:

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

Meikles 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.

Meikles's Days Sales Outstanding for the fiscal year that ended in Mar. 2021 is calculated as

	Days Sales Outstanding (A: Mar. 2021 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2020 )	+	Accounts Receivable (A: Mar. 2021 ))	/	count )	/	Revenue (A: Mar. 2021 )	*	Days in Period
=	( (0.992	+	0.021)	/	2 )	/	152.504	*	365
=	0.5065					/	152.504	*	365
=	1.21

Meikles's Days Sales Outstanding for the quarter that ended in Aug. 2023 is calculated as:

	Days Sales Outstanding (Q: Aug. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )	/	Revenue (A: Aug. 2023 )	*	Days in Period
=	( (12.647	+	8.551)	/	2 )	/	2701.372	*	365 / 2
=	10.599					/	2701.372	*	365 / 2
=	0.72

Meikles (LSE:MIK) Days Sales Outstanding Explanation

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

Meikles Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Meikles's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Meikles (LSE:MIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meikles Ltd (LSE:MIK) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

MEIK.ZW:Zimbabwe

Address

4 Steppes Road, Highlands, Harare, ZWE

Website

https://www.meiklesltd.com

Meikles Ltd is a Zimbabwe-based investment holding company. Its business segments include Supermarkets, Hotels, properties, and security guard operations. It is organized into two geographical segments, Zimbabwe, and non-Zimbabwe. The majority of its revenue is generated from the Supermarkets segment within Zimbabwe.