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McGrath RentCorp (McGrath RentCorp) Days Sales Outstanding : 106.71 (As of Mar. 2024)


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What is McGrath RentCorp Days Sales Outstanding?

McGrath RentCorp's average Accounts Receivable for the three months ended in Mar. 2024 was $219.7 Mil. McGrath RentCorp's Revenue for the three months ended in Mar. 2024 was $187.8 Mil. Hence, McGrath RentCorp's Days Sales Outstanding for the three months ended in Mar. 2024 was 106.71.

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

MGRC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 79.73   Med: 83.79   Max: 96.55
Current: 88.04

During the past 13 years, McGrath RentCorp's highest Days Sales Outstanding was 96.55. The lowest was 79.73. And the median was 83.79.

MGRC's Days Sales Outstanding is ranked worse than
78.09% of 1036 companies
in the Business Services industry
Industry Median: 58.255 vs MGRC: 88.04

McGrath RentCorp's Days Sales Outstanding increased from Mar. 2023 (96.69) to Mar. 2024 (106.71).


McGrath RentCorp Days Sales Outstanding Historical Data

The historical data trend for McGrath RentCorp'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.

McGrath RentCorp Days Sales Outstanding Chart

McGrath RentCorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 79.73 80.14 96.55 94.58 87.17

McGrath RentCorp 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 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 96.69 82.85 77.93 92.99 106.71

Competitive Comparison of McGrath RentCorp's Days Sales Outstanding

For the Rental & Leasing Services subindustry, McGrath RentCorp'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.


McGrath RentCorp's Days Sales Outstanding Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, McGrath RentCorp's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where McGrath RentCorp's Days Sales Outstanding falls into.



McGrath RentCorp 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.

McGrath RentCorp'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
=( (169.937 + 227.368) / 2 ) / 831.842*365
=198.6525 / 831.842*365
=87.17

McGrath RentCorp'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
=( (227.368 + 211.95) / 2 ) / 187.827*365 / 4
=219.659 / 187.827*365 / 4
=106.71

* 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.


McGrath RentCorp  (NAS:MGRC) Days Sales Outstanding Explanation

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


McGrath RentCorp Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of McGrath RentCorp's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.


McGrath RentCorp (McGrath RentCorp) Business Description

Traded in Other Exchanges
Address
5700 Las Positas Road, Livermore, CA, USA, 94551-7800
McGrath RentCorp is a rental company. It is comprised of four reportable business segments: Modular building and portable storage segment (Mobile Modular), Electronic test equipment segment (TRS-RenTelco), Containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks) and Classroom manufacturing division selling modular classrooms in California (Enviroplex). The company generates its revenues majorily from the rental of its equipment on operating leases with sales of equipment occurring in the normal course of business.
Executives
Trease Kristina Van officer: VP & Division Manager 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
David M Whitney officer: VP, Controller, PAO 5700 LOS POSITAS ROAD, LIVERMORE CA 94551
Elizabeth A Fetter director 1400 MARINA WAY SOUTH, RICHMOND CA 94804
Philip B Hawkins officer: VP & Division Manager 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Tara Wescott officer: Vice President Human Resources C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
John Lieffrig officer: VP & Division Manager C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
John P Skenesky officer: VP and Division Manager 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Gilda Malek officer: VP, Legal General Counsel C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Dennis P Stradford director
Kimberly Ann Box director 7157 TREELINE CT., GRANITE BAY CA 95746
Nicolas C Anderson director 3100 ZINFANDEL DRIVE, STE. 450, RANCHO CORDOVA CA 95670
Stuart Templeton Porter officer: VP & Division Manager C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Kay Dashner officer: Senior Human Resources Advisor 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Morris Richard Smith director 1225 17TH STREET, SUITE 1300, DENVER CO 80202
Smita Conjeevaram director 70 HERETOLD ROAD, BRONXVILLE NY 17708

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