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Meiji Holdings Co (Meiji Holdings Co) Days Sales Outstanding : 68.54 (As of Dec. 2023)


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What is Meiji Holdings Co Days Sales Outstanding?

Meiji Holdings Co's average Accounts Receivable for the three months ended in Dec. 2023 was $1,497 Mil. Meiji Holdings Co's Revenue for the three months ended in Dec. 2023 was $1,993 Mil. Hence, Meiji Holdings Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 68.54.

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

MEJHF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 52.79   Med: 55.22   Max: 66.41
Current: 66.41

During the past 13 years, Meiji Holdings Co's highest Days Sales Outstanding was 66.41. The lowest was 52.79. And the median was 55.22.

MEJHF's Days Sales Outstanding is ranked worse than
79.33% of 1838 companies
in the Consumer Packaged Goods industry
Industry Median: 39.245 vs MEJHF: 66.41

Meiji Holdings Co's Days Sales Outstanding increased from Dec. 2022 (63.99) to Dec. 2023 (68.54).


Meiji Holdings Co Days Sales Outstanding Historical Data

The historical data trend for Meiji Holdings Co'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.

Meiji Holdings Co Days Sales Outstanding Chart

Meiji Holdings Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 59.27 54.75 55.03 66.26 63.42

Meiji Holdings Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 63.99 67.16 61.40 63.28 68.54

Competitive Comparison of Meiji Holdings Co's Days Sales Outstanding

For the Packaged Foods subindustry, Meiji Holdings Co'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.


Meiji Holdings Co's Days Sales Outstanding Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Meiji Holdings Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Meiji Holdings Co's Days Sales Outstanding falls into.



Meiji Holdings Co 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.

Meiji Holdings Co'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
=( (1466.966 + 1294.295) / 2 ) / 7946.452*365
=1380.6305 / 7946.452*365
=63.42

Meiji Holdings Co'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: Sep. 2023 ) + Accounts Receivable (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )*Days in Period
=( (1450.709 + 1543.365) / 2 ) / 1993.006*365 / 4
=1497.037 / 1993.006*365 / 4
=68.54

* 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.


Meiji Holdings Co  (OTCPK:MEJHF) Days Sales Outstanding Explanation

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


Meiji Holdings Co Days Sales Outstanding Related Terms

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Meiji Holdings Co (Meiji Holdings Co) Business Description

Traded in Other Exchanges
Address
4-16, Kyobashi 2-chome, Chuo-ku, Tokyo, JPN, 104-0031
Meiji Holdings was established in April 2009 as a merged entity of Meiji Dairies, Japan's largest dairy company, and Meiji Seika, the country's number-two confectionery maker. The amalgamation was propelled by a surge in commodity prices, Japan's aging and shrinking population, and fierce competition. The food business, comprising dairy and confectionery operations, represents more than 80% of the group's sales and profits. The rest mainly comes from the pharmaceutical business, specializing in antibacterial and generic drugs, as well as vaccines. Meiji is looking to step up overseas expansion of the food business, particularly in China, which will serve as a key growth driver over the medium term.

Meiji Holdings Co (Meiji Holdings Co) Headlines

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