MEC Co (TSE:4971) Days Sales Outstanding : 106.05 (As of Mar. 2024)

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What is MEC Co Days Sales Outstanding?

MEC Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円5,061 Mil. MEC Co's Revenue for the three months ended in Mar. 2024 was 円4,355 Mil. Hence, MEC Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 106.05.

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

TSE:4971' s Days Sales Outstanding Range Over the Past 10 Years
Min: 101.67 Med: 107.76 Max: 118.76
Current: 101.67

During the past 13 years, MEC Co's highest Days Sales Outstanding was 118.76. The lowest was 101.67. And the median was 107.76.

TSE:4971's Days Sales Outstanding is ranked worse than
81.26% of 1526 companies
in the Chemicals industry
Industry Median: 64.1 vs TSE:4971: 101.67

MEC Co's Days Sales Outstanding declined from Mar. 2023 (125.07) to Mar. 2024 (106.05).

MEC Co Days Sales Outstanding Historical Data

The historical data trend for MEC 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.

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MEC Co Days Sales Outstanding Chart

MEC Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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112.49

103.02

102.89

102.99

118.76

MEC Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															125.07	95.34	101.22	104.03	106.05

Competitive Comparison of MEC Co's Days Sales Outstanding

For the Specialty Chemicals subindustry, MEC 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.

MEC Co's Days Sales Outstanding Distribution in the Chemicals Industry

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

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

MEC 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.

MEC Co's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (4357.179	+	4766.168)	/	2 )	/	14020.085	*	365
=	4561.6735					/	14020.085	*	365
=	118.76

MEC Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (4766.168	+	5356.106)	/	2 )	/	4354.855	*	365 / 4
=	5061.137					/	4354.855	*	365 / 4
=	106.05

MEC Co (TSE:4971) Days Sales Outstanding Explanation

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

MEC Co Days Sales Outstanding Related Terms

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MEC Co (TSE:4971) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » MEC Co Ltd (TSE:4971) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-4-1, Kuise Minamishimmachi, Hyogo, Amagasaki, JPN, 660-0822

Website

http://www.mec-co.com

MEC Co Ltd is a Japan-based chemical manufacturer. The company mainly develops, manufactures, and sells chemicals to produce printed circuit boards. Products offered by the company include dry film pretreatment, solar mask pretreatment, microetching, metal resist stripping, among others. Its products are used in automobile, smartphone, and computer. MEC also serves customers in Continental Asia, Europe, America's, India, The Middle-East, and North-Africa.

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