Michang Oil Ind Co (XKRX:003650) Days Sales Outstanding : 59.30 (As of Dec. 2023)

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What is Michang Oil Ind Co Days Sales Outstanding?

Michang Oil Ind Co's average Accounts Receivable for the three months ended in Dec. 2023 was ₩66,127 Mil. Michang Oil Ind Co's Revenue for the three months ended in Dec. 2023 was ₩101,760 Mil. Hence, Michang Oil Ind Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 59.30.

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

XKRX:003650' s Days Sales Outstanding Range Over the Past 10 Years
Min: 48.66 Med: 60.69 Max: 64.53
Current: 59.96

During the past 13 years, Michang Oil Ind Co's highest Days Sales Outstanding was 64.53. The lowest was 48.66. And the median was 60.69.

XKRX:003650's Days Sales Outstanding is ranked worse than
61.07% of 935 companies
in the Oil & Gas industry
Industry Median: 49.11 vs XKRX:003650: 59.96

Michang Oil Ind Co's Days Sales Outstanding increased from Dec. 2022 (53.72) to Dec. 2023 (59.30).

Michang Oil Ind Co Days Sales Outstanding Historical Data

The historical data trend for Michang Oil Ind 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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Michang Oil Ind Co Days Sales Outstanding Chart

Michang Oil Ind Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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62.58

64.43

48.66

54.68

57.98

Michang Oil Ind 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															53.72	56.34	61.00	65.84	59.30

Competitive Comparison of Michang Oil Ind Co's Days Sales Outstanding

For the Oil & Gas Refining & Marketing subindustry, Michang Oil Ind 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.

Michang Oil Ind Co's Days Sales Outstanding Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Michang Oil Ind Co's Days Sales Outstanding distribution charts can be found below:

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

Michang Oil Ind 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.

Michang Oil Ind 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
=	( (62395.256	+	67606.988)	/	2 )	/	409234.736	*	365
=	65001.122					/	409234.736	*	365
=	57.98

Michang Oil Ind 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
=	( (64646.972	+	67606.988)	/	2 )	/	101759.547	*	365 / 4
=	66126.98					/	101759.547	*	365 / 4
=	59.30

Michang Oil Ind Co (XKRX:003650) Days Sales Outstanding Explanation

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

Michang Oil Ind Co Days Sales Outstanding Related Terms

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Michang Oil Ind Co (XKRX:003650) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Michang Oil Ind Co Ltd (XKRX:003650) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

241, Haeyang-ro, Yeongdo-gu, Busan, KOR

Website

http://www.michang.co.kr

Michang Oil Ind Co Ltd is engaged in the petrochemical business in South Korea. It offers automotive lubricants, including premium motor, gasoline motor, diesel motor, and automotive gear oils, as well as auto transmission fluids and other application motor oils; and industrial lubricants, such as turbine, hydraulic, compressor, and industrial gear oils, as well as heat transfer fluids.

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