Millennium Global Holdings (PHS:MG) Days Sales Outstanding : 299.22 (As of Sep. 2023)

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What is Millennium Global Holdings Days Sales Outstanding?

Millennium Global Holdings's average Accounts Receivable for the three months ended in Sep. 2023 was ₱718 Mil. Millennium Global Holdings's Revenue for the three months ended in Sep. 2023 was ₱219 Mil. Hence, Millennium Global Holdings's Days Sales Outstanding for the three months ended in Sep. 2023 was 299.22.

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

PHS:MG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 95.88 Med: 176.37 Max: 228.03
Current: 228.03

During the past 13 years, Millennium Global Holdings's highest Days Sales Outstanding was 228.03. The lowest was 95.88. And the median was 176.37.

PHS:MG's Days Sales Outstanding is ranked worse than
97.33% of 1838 companies
in the Consumer Packaged Goods industry
Industry Median: 39.145 vs PHS:MG: 228.03

Millennium Global Holdings's Days Sales Outstanding declined from Sep. 2022 (384.14) to Sep. 2023 (299.22).

Millennium Global Holdings Days Sales Outstanding Historical Data

The historical data trend for Millennium Global Holdings'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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Millennium Global Holdings Days Sales Outstanding Chart

Millennium Global Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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122.77

176.37

205.20

187.92

218.17

Millennium Global Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															384.14	92.92	402.59	587.61	299.22

Competitive Comparison of Millennium Global Holdings's Days Sales Outstanding

For the Packaged Foods subindustry, Millennium Global Holdings'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.

Millennium Global Holdings's Days Sales Outstanding Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Millennium Global Holdings's Days Sales Outstanding distribution charts can be found below:

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

Millennium Global Holdings 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.

Millennium Global Holdings'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
=	( (615.994	+	578.639)	/	2 )	/	999.32	*	365
=	597.3165					/	999.32	*	365
=	218.17

Millennium Global Holdings'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: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (748.989	+	687.29)	/	2 )	/	219.004	*	365 / 4
=	718.1395					/	219.004	*	365 / 4
=	299.22

Millennium Global Holdings (PHS:MG) Days Sales Outstanding Explanation

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

Millennium Global Holdings Days Sales Outstanding Related Terms

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Millennium Global Holdings (PHS:MG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Millennium Global Holdings Inc (PHS:MG) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 9 Block 2, John Street, Multinational Village, Paranaque, PHL, 1701

Website

https://www.millennium-globalholdingsinc.com

Millennium Global Holdings Inc is engaged in the seafood business. The company is engaged in the processing of high quality seafood and aquaculture products for export and trading of imported marine and other related products. Its business activity is the processing and export of several quality and high valued seafood products such as Black Tiger Shrimps, Kisu (asohos) fillet, frozen lobsters, among others. It derives its revenue primarily from the export sale of aquatic and marine products.