Merit Group (LSE:MRIT) Days Sales Outstanding : 83.91 (As of Sep. 2023)

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What is Merit Group Days Sales Outstanding?

Merit Group's average Accounts Receivable for the six months ended in Sep. 2023 was £4.55 Mil. Merit Group's Revenue for the six months ended in Sep. 2023 was £9.90 Mil. Hence, Merit Group's Days Sales Outstanding for the six months ended in Sep. 2023 was 83.91.

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

LSE:MRIT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 28.21 Med: 43.12 Max: 84.86
Current: 84.86

During the past 13 years, Merit Group's highest Days Sales Outstanding was 84.86. The lowest was 28.21. And the median was 43.12.

LSE:MRIT's Days Sales Outstanding is ranked worse than
69.31% of 2734 companies
in the Software industry
Industry Median: 61.68 vs LSE:MRIT: 84.86

Merit Group's Days Sales Outstanding increased from Sep. 2022 (83.80) to Sep. 2023 (83.91).

Merit Group Days Sales Outstanding Historical Data

The historical data trend for Merit 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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Merit Group Days Sales Outstanding Chart

Merit Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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31.82

42.49

60.85

78.69

73.33

Merit Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															99.73	98.98	83.80	77.06	83.91

Competitive Comparison of Merit Group's Days Sales Outstanding

For the Information Technology Services subindustry, Merit 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.

Merit Group's Days Sales Outstanding Distribution in the Software Industry

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

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

Merit 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.

Merit Group's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (3.868	+	3.6)	/	2 )	/	18.585	*	365
=	3.734					/	18.585	*	365
=	73.33

Merit Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (3.6	+	5.503)	/	2 )	/	9.899	*	365 / 2
=	4.5515					/	9.899	*	365 / 2
=	83.91

Merit Group (LSE:MRIT) Days Sales Outstanding Explanation

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

Merit Group Days Sales Outstanding Related Terms

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Merit Group (LSE:MRIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Merit Group PLC (LSE:MRIT) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

32 London Bridge Street, 9th Floor, The Shard, London, GBR, SE1 9SG

Website

https://www.meritgroupplc.com

Merit Group PLC provides data, business, and political intelligence. The group operates through two operating segments namely, Dods and Merit Data and Technology. Dods business segment concentrates on the provision of key information and insights into the political and public policy environments around the UK and the European Union. The Merit Data and Technology segment focuses on the fields of data engineering, machine learning, and artificial intelligence. The company generates the majority of its revenue from Merit Data & Technology segment.

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