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Magic Empire Global (Magic Empire Global) Days Sales Outstanding : 37.72 (As of Dec. 2023)


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What is Magic Empire Global Days Sales Outstanding?

Magic Empire Global's average Accounts Receivable for the six months ended in Dec. 2023 was $0.20 Mil. Magic Empire Global's Revenue for the six months ended in Dec. 2023 was $0.99 Mil. Hence, Magic Empire Global's Days Sales Outstanding for the six months ended in Dec. 2023 was 37.72.

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

MEGL' s Days Sales Outstanding Range Over the Past 10 Years
Min: 45.75   Med: 71.54   Max: 116.63
Current: 45.75

During the past 4 years, Magic Empire Global's highest Days Sales Outstanding was 116.63. The lowest was 45.75. And the median was 71.54.

MEGL's Days Sales Outstanding is ranked better than
56.99% of 558 companies
in the Capital Markets industry
Industry Median: 62.145 vs MEGL: 45.75

Magic Empire Global's Days Sales Outstanding declined from Dec. 2022 (206.90) to Dec. 2023 (37.72).

Magic Empire Global Days Sales Outstanding Historical Data

The historical data trend for Magic Empire Global'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.

Magic Empire Global Days Sales Outstanding Chart

Magic Empire Global Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
49.61 86.23 116.63 56.84

Magic Empire Global Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Sales Outstanding Get a 7-Day Free Trial 98.92 126.29 206.90 43.27 37.72

Competitive Comparison of Magic Empire Global's Days Sales Outstanding

For the Capital Markets subindustry, Magic Empire Global'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.

Magic Empire Global's Days Sales Outstanding Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Magic Empire Global's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Magic Empire Global's Days Sales Outstanding falls into.


Magic Empire Global 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.

Magic Empire Global'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
=( (0.255 + 0.295) / 2 ) / 1.766*365
=0.275 / 1.766*365
=56.84

Magic Empire Global'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: Jun. 2023 ) + Accounts Receivable (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )*Days in Period
=( (0.113 + 0.295) / 2 ) / 0.987*365 / 2
=0.204 / 0.987*365 / 2
=37.72

* 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.

Magic Empire Global  (NAS:MEGL) Days Sales Outstanding Explanation

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

Magic Empire Global Days Sales Outstanding Related Terms

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Magic Empire Global (Magic Empire Global) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Magic Empire Global Ltd (NAS:MEGL) » Definitions » Days Sales Outstanding
Comparable Companies
TCJH BTCS ATIF MIGI COHN BETS SAI OLKR PHIL CRMZ MS GS SCHW SHSE:600030 ASX:MQG BSP:BPAC3 SHSE:601066 RJF TW SHSE:601688
Traded in Other Exchanges
N/A
Address
3/F, 8 Wyndham Street, Central, Hong Kong, HKG
Website
https://www.meglmagic.com
Magic Empire Global Ltd is a financial services provider in Hong Kong which principally engaged in the provision of corporate finance advisory services and underwriting services.