MIC Electronics (NSE:MICEL) Days Sales Outstanding : 43.41 (As of Dec. 2023)

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What is MIC Electronics Days Sales Outstanding?

MIC Electronics's average Accounts Receivable for the three months ended in Dec. 2023 was ₹83.2 Mil. MIC Electronics's Revenue for the three months ended in Dec. 2023 was ₹174.9 Mil. Hence, MIC Electronics's Days Sales Outstanding for the three months ended in Dec. 2023 was 43.41.

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

NSE:MICEL' s Days Sales Outstanding Range Over the Past 10 Years
Min: 22.08 Med: 148.21 Max: 6442.5
Current: 29.1

During the past 13 years, MIC Electronics's highest Days Sales Outstanding was 6442.50. The lowest was 22.08. And the median was 148.21.

NSE:MICEL's Days Sales Outstanding is ranked better than
93.41% of 2459 companies
in the Hardware industry
Industry Median: 74.61 vs NSE:MICEL: 29.10

MIC Electronics's Days Sales Outstanding declined from Dec. 2022 (139.08) to Dec. 2023 (43.41).

MIC Electronics Days Sales Outstanding Historical Data

The historical data trend for MIC Electronics'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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MIC Electronics Days Sales Outstanding Chart

MIC Electronics Annual Data

Trend

Jun13

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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2,867.87

6,442.50

2,342.14

22.08

35.60

MIC Electronics 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															139.08	13.96	31.11	73.64	43.41

Competitive Comparison of MIC Electronics's Days Sales Outstanding

For the Electronic Components subindustry, MIC Electronics'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.

MIC Electronics's Days Sales Outstanding Distribution in the Hardware Industry

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

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

MIC Electronics 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.

MIC Electronics'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
=	( (13.45	+	28.157)	/	2 )	/	213.317	*	365
=	20.8035					/	213.317	*	365
=	35.60

MIC Electronics'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
=	( (83.2	+	0)	/	1 )	/	174.9	*	365 / 4
=	83.2					/	174.9	*	365 / 4
=	43.41

MIC Electronics (NSE:MICEL) Days Sales Outstanding Explanation

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

MIC Electronics Days Sales Outstanding Related Terms

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MIC Electronics (NSE:MICEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MIC Electronics Ltd (NSE:MICEL) » Definitions » Days Sales Outstanding

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532850:India

Address

Plot No. 192/B, Phase-II, IDA, Cherlapally, Rangareddi, Hyderabad, TG, IND, 500051

Website

https://www.mic.co.in

MIC Electronics Ltd designs, develops and manufactures light-emitting diode (LED) video displays, high-end electronic and telecommunication equipment, and development of telecom software. The operating segments of the group are LED products; Medical appliances and Automobiles. Its products include LED Lighting, LED Displays, Oxygen concentrators and Batteries. The group primarily derives revenue from India.

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