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Minerva Knitwear (ATH:MIN) Days Sales Outstanding : 76.70 (As of Jun. 2023)


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What is Minerva Knitwear Days Sales Outstanding?

Minerva Knitwear's average Accounts Receivable for the six months ended in Jun. 2023 was €3.27 Mil. Minerva Knitwear's Revenue for the six months ended in Jun. 2023 was €7.77 Mil. Hence, Minerva Knitwear's Days Sales Outstanding for the six months ended in Jun. 2023 was 76.70.

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

ATH:MIN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 65.26   Med: 94.06   Max: 104.25
Current: 65.26

During the past 7 years, Minerva Knitwear's highest Days Sales Outstanding was 104.25. The lowest was 65.26. And the median was 94.06.

ATH:MIN's Days Sales Outstanding is ranked worse than
63.05% of 1031 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.18 vs ATH:MIN: 65.26

Minerva Knitwear's Days Sales Outstanding declined from Jun. 2022 (77.39) to Jun. 2023 (76.70).

Minerva Knitwear Days Sales Outstanding Historical Data

The historical data trend for Minerva Knitwear'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.

Minerva Knitwear Days Sales Outstanding Chart

Minerva Knitwear Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Sales Outstanding
Get a 7-Day Free Trial 99.51 94.28 104.25 69.23 72.24

Minerva Knitwear Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 74.57 56.48 77.39 59.58 76.70

Competitive Comparison of Minerva Knitwear's Days Sales Outstanding

For the Textile Manufacturing subindustry, Minerva Knitwear'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.

Minerva Knitwear's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Minerva Knitwear's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Minerva Knitwear's Days Sales Outstanding falls into.


Minerva Knitwear 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.

Minerva Knitwear's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

Days Sales Outstanding (A: Dec. 2022 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count ) / Revenue (A: Dec. 2022 )*Days in Period
=( (3.45 + 3.533) / 2 ) / 17.64*365
=3.4915 / 17.64*365
=72.24

Minerva Knitwear's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

Days Sales Outstanding (Q: Jun. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Jun. 2023 )) / count ) / Revenue (A: Jun. 2023 )*Days in Period
=( (3.533 + 3.001) / 2 ) / 7.774*365 / 2
=3.267 / 7.774*365 / 2
=76.70

* 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.

Minerva Knitwear  (ATH:MIN) Days Sales Outstanding Explanation

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

Minerva Knitwear Days Sales Outstanding Related Terms

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Minerva Knitwear (ATH:MIN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Minerva Knitwear SA (ATH:MIN) » Definitions » Days Sales Outstanding
Comparable Companies
ATH:LANAC ATH:AAAK HKSE:02313 SHSE:600346 SZSE:000301 IST:SASA TSE:3402 TPE:1402 SHSE:601233 BOM:532889 SHSE:600295 AIN SZSE:000158 BOM:521064 TPE:2915 BOM:514162 BOM:500330 SHSE:603055 SHSE:603306 SHSE:600370
Traded in Other Exchanges
N/A
Address
6th klm Thessaloniki - Oraiokastro, Thessaloniki, GRC, 564 29
Website
http://www.minerva.gr
Minerva Knitwear SA is engaged in manufacturing, processing and trading of woollen and cotton products, and other textile raw materials. The company's products include men's, women's and children's underwear, men's, women's and children's sleep body-suits-pyjamas, Home-wear clothes for the winter and beachwear for the summer, blouses, T-Shirts, and women's Lingerie.