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Singing Machine Co (Singing Machine Co) Days Sales Outstanding : 78.07 (As of Dec. 2023)


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What is Singing Machine Co Days Sales Outstanding?

Singing Machine Co's average Accounts Receivable for the three months ended in Dec. 2023 was $9.11 Mil. Singing Machine Co's Revenue for the three months ended in Dec. 2023 was $10.64 Mil. Hence, Singing Machine Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 78.07.

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

MICS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 8.19   Med: 11.85   Max: 63.22
Current: 63.22

During the past 13 years, Singing Machine Co's highest Days Sales Outstanding was 63.22. The lowest was 8.19. And the median was 11.85.

MICS's Days Sales Outstanding is ranked better than
63.51% of 2458 companies
in the Hardware industry
Industry Median: 74.865 vs MICS: 63.22

Singing Machine Co's Days Sales Outstanding declined from Dec. 2022 (113.34) to Dec. 2023 (78.07).


Singing Machine Co Days Sales Outstanding Historical Data

The historical data trend for Singing Machine 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.

* Premium members only.

Singing Machine Co Days Sales Outstanding Chart

Singing Machine Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.74 17.21 16.22 19.19 22.57

Singing Machine 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 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 113.34 122.71 51.86 33.83 78.07

Competitive Comparison of Singing Machine Co's Days Sales Outstanding

For the Consumer Electronics subindustry, Singing Machine 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.


Singing Machine Co's Days Sales Outstanding Distribution in the Hardware Industry

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

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



Singing Machine 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.

Singing Machine Co'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
=( (2.785 + 2.075) / 2 ) / 39.299*365
=2.43 / 39.299*365
=22.57

Singing Machine 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
=( (10.902 + 7.308) / 2 ) / 10.642*365 / 4
=9.105 / 10.642*365 / 4
=78.07

* 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.


Singing Machine Co  (NAS:MICS) Days Sales Outstanding Explanation

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


Singing Machine Co Days Sales Outstanding Related Terms

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Singing Machine Co (Singing Machine Co) Business Description

Traded in Other Exchanges
N/A
Address
6301 NW 5th Way, Suite 2900, Fort Lauderdale, FL, USA, 33309
Singing Machine Co Inc is engaged in the development, production, marketing and distribution of consumer karaoke audio equipment, toy products, accessories, music, and audio consumer electronic products. It contracts for the manufacturing of all its electronic equipment products with factories located in China. The company has also collaborated with a music content service provider that allows the company to offer karaoke downloads and streaming subscription services. This collaboration provides the company with a distribution platform for digital music sales and subscriptions and music sales to customers. Geographically, it derives a majority of revenue from North America and also has a presence in Europe; Asia, and Australia.
Executives
Jay B Foreman director 6301 NW 5TH WAY,, SUITE 2900, FORT LAUDERDALE FL 33309
Stingray Group Inc. 10 percent owner 730 WELLINGTON STREET, MONTREAL A8 H3C 1T4
Ault Milton C Iii 10 percent owner 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Bitnile Holdings, Inc. 10 percent owner 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Henry Carl Nisser director 100 PARK AVENUE, SUITE 1658A, NEW YORK NY 10017
James Michael Turner director 1800 HICKORY RIDGE DRIVE, WAXHAW NC 28173
Kenneth S Cragun director 3775 CHIPPEWA CIRCLE, CORONA CA 92881
Mathieu Peloquin director 730 WELLINGTON STREET, MONTREAL A8 H3C 1T4
Eric Boyko 10 percent owner 730 WELLINGTON STREET, MONTREAL A8 H3C 1T4
Bernardo Melo officer: VP Sales 6601 LYONS ROAD, BUILDING A 7, COCONUT CREEK FL 33073
Joseph Kling director 5846 NW 24TH AVENUE (UNIT #203), BOCA RATON FL 33496
Lau Sak Hong Aka Philip Lau director SHING DAO INDUSTRIAL BUILDING SECURITIES, 232 ABERDEEN MAIN ROAD 5TH FLO K3 00000
Gary Kevin Atkinson officer: Secretary 1266 S MILITARY TRAIL, APT 5314, DEERFIELD BEACH FL 33442
Carol Lau director THE SINGING MACHINE COMPANY INC, 6601 LYONS ROAD BUILDING A 7, COCONUT CREEK FL 33073
Anton Handal officer: CEO 425 TYRONE STREET, EL CAJON CA 92020