Mitsubishi Chemical Group (TSE:4188) Days Sales Outstanding : 68.46 (As of Dec. 2023)

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What is Mitsubishi Chemical Group Days Sales Outstanding?

Mitsubishi Chemical Group's average Accounts Receivable for the three months ended in Dec. 2023 was 円821,682 Mil. Mitsubishi Chemical Group's Revenue for the three months ended in Dec. 2023 was 円1,095,242 Mil. Hence, Mitsubishi Chemical Group's Days Sales Outstanding for the three months ended in Dec. 2023 was 68.46.

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

TSE:4188' s Days Sales Outstanding Range Over the Past 10 Years
Min: 62.8 Med: 78.83 Max: 83.53
Current: 67.11

During the past 13 years, Mitsubishi Chemical Group's highest Days Sales Outstanding was 83.53. The lowest was 62.80. And the median was 78.83.

TSE:4188's Days Sales Outstanding is ranked worse than
53.34% of 1526 companies
in the Chemicals industry
Industry Median: 64.05 vs TSE:4188: 67.11

Mitsubishi Chemical Group's Days Sales Outstanding declined from Dec. 2022 (69.57) to Dec. 2023 (68.46).

Mitsubishi Chemical Group Days Sales Outstanding Historical Data

The historical data trend for Mitsubishi Chemical 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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Mitsubishi Chemical Group Days Sales Outstanding Chart

Mitsubishi Chemical Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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81.26

79.19

79.27

70.78

64.37

Mitsubishi Chemical Group 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															69.57	62.61	68.45	67.42	68.46

Competitive Comparison of Mitsubishi Chemical Group's Days Sales Outstanding

For the Specialty Chemicals subindustry, Mitsubishi Chemical 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.

Mitsubishi Chemical Group's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Mitsubishi Chemical Group's Days Sales Outstanding distribution charts can be found below:

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

Mitsubishi Chemical 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.

Mitsubishi Chemical 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
=	( (825996	+	808787)	/	2 )	/	4634532	*	365
=	817391.5					/	4634532	*	365
=	64.37

Mitsubishi Chemical 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: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (825187	+	818177)	/	2 )	/	1095242	*	365 / 4
=	821682					/	1095242	*	365 / 4
=	68.46

Mitsubishi Chemical Group (TSE:4188) Days Sales Outstanding Explanation

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

Mitsubishi Chemical Group Days Sales Outstanding Related Terms

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Mitsubishi Chemical Group (TSE:4188) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mitsubishi Chemical Group Corp (TSE:4188) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

MTLHY:USA MTLHF:USA M3C:Germany

Address

1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8251

Website

https://www.mcgc.com

Mitsubishi Chemical Group Corp is a holdings company, which manufactures and sells chemicals, plastics, and pharmaceuticals. It organizes itself into three segments based on product. The Industrial Materials segment, which generates the majority of revenue, sells chemicals and polymers, including industrial gases, petrochemicals, thermoplastics, polyethylene, and polypropylene. The Performance Products segment sells electronics and designed materials, including LED lighting and equipment, specialty chemicals, polyester and industrial films, and fibers. The Health Care segment sells pharmaceuticals to treat autoimmune diseases, diabetes and kidney diseases, central nervous system treatments, and vaccines. The majority of revenue comes from Japan.

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