MITIE Group (LSE:MTO) Days Sales Outstanding : 68.13 (As of Sep. 2023)

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What is MITIE Group Days Sales Outstanding?

MITIE Group's average Accounts Receivable for the six months ended in Sep. 2023 was £778 Mil. MITIE Group's Revenue for the six months ended in Sep. 2023 was £2,083 Mil. Hence, MITIE Group's Days Sales Outstanding for the six months ended in Sep. 2023 was 68.13.

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

LSE:MTO' s Days Sales Outstanding Range Over the Past 10 Years
Min: 30.58 Med: 48.91 Max: 82.08
Current: 56.52

During the past 13 years, MITIE Group's highest Days Sales Outstanding was 82.08. The lowest was 30.58. And the median was 48.91.

LSE:MTO's Days Sales Outstanding is ranked better than
52.51% of 1036 companies
in the Business Services industry
Industry Median: 58.43 vs LSE:MTO: 56.52

MITIE Group's Days Sales Outstanding increased from Sep. 2022 (51.65) to Sep. 2023 (68.13).

MITIE Group Days Sales Outstanding Historical Data

The historical data trend for MITIE Group'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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MITIE Group Days Sales Outstanding Chart

MITIE Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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38.39

38.02

42.47

49.05

68.17

MITIE Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															34.51	46.40	51.65	51.17	68.13

Competitive Comparison of MITIE Group's Days Sales Outstanding

For the Specialty Business Services subindustry, MITIE Group'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.

MITIE Group's Days Sales Outstanding Distribution in the Business Services Industry

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

* The bar in red indicates where MITIE Group's Days Sales Outstanding falls into.

MITIE Group 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.

MITIE Group'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
=	( (686.7	+	786.8)	/	2 )	/	3945	*	365
=	736.75					/	3945	*	365
=	68.17

MITIE Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (786.8	+	768.6)	/	2 )	/	2083.3	*	365 / 2
=	777.7					/	2083.3	*	365 / 2
=	68.13

MITIE Group (LSE:MTO) Days Sales Outstanding Explanation

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

MITIE Group Days Sales Outstanding Related Terms

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MITIE Group (LSE:MTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » MITIE Group PLC (LSE:MTO) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

MITFY:USA MITFF:USA MTOl:UK MZ4:Germany

Address

32 London Bridge Street, The Shard, Level 12, Southwark, London, GBR, SE1 9SG

Website

https://www.mitie.com

MITIE Group PLC is a U.K.-based company. The company has five reportable segments: Technical services, Business services, care, and custody, Landscapes, Waste, Communities, Specialist Services, and Spain. Through these segments, the company provides facilities management, consultancy, and security services. The company generates the majority of its revenue from the technical services and business services segments. Geographically, the company generates a majority of its revenue from the United Kingdom.

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