Garware Technical Fibres (BOM:509557) Days Sales Outstanding : 67.23 (As of Dec. 2023)

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What is Garware Technical Fibres Days Sales Outstanding?

Garware Technical Fibres's average Accounts Receivable for the three months ended in Dec. 2023 was ₹2,132 Mil. Garware Technical Fibres's Revenue for the three months ended in Dec. 2023 was ₹2,894 Mil. Hence, Garware Technical Fibres's Days Sales Outstanding for the three months ended in Dec. 2023 was 67.23.

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

BOM:509557' s Days Sales Outstanding Range Over the Past 10 Years
Min: 67.42 Med: 84.02 Max: 92.31
Current: 67.42

During the past 13 years, Garware Technical Fibres's highest Days Sales Outstanding was 92.31. The lowest was 67.42. And the median was 84.02.

BOM:509557's Days Sales Outstanding is ranked worse than
64.28% of 1033 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.83 vs BOM:509557: 67.42

Garware Technical Fibres's Days Sales Outstanding declined from Dec. 2022 (91.10) to Dec. 2023 (67.23).

Garware Technical Fibres Days Sales Outstanding Historical Data

The historical data trend for Garware Technical Fibres'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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Garware Technical Fibres Days Sales Outstanding Chart

Garware Technical Fibres Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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83.17

92.31

85.10

77.49

69.41

Garware Technical Fibres 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															91.10	59.58	65.58	59.26	67.23

Competitive Comparison of Garware Technical Fibres's Days Sales Outstanding

For the Textile Manufacturing subindustry, Garware Technical Fibres'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.

Garware Technical Fibres's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Garware Technical Fibres's Days Sales Outstanding falls into.

Garware Technical Fibres 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.

Garware Technical Fibres'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
=	( (2579.397	+	2340.356)	/	2 )	/	12934.822	*	365
=	2459.8765					/	12934.822	*	365
=	69.41

Garware Technical Fibres'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
=	( (2132.086	+	0)	/	1 )	/	2893.73	*	365 / 4
=	2132.086					/	2893.73	*	365 / 4
=	67.23

Garware Technical Fibres (BOM:509557) Days Sales Outstanding Explanation

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

Garware Technical Fibres Days Sales Outstanding Related Terms

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Garware Technical Fibres (BOM:509557) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Garware Technical Fibres Ltd (BOM:509557) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

GARFIBRES:India

Address

Plot No. 11, Block D - 1, MIDC, Chinchwad, Pune, MH, IND, 411019

Website

https://www.garwarefibres.com

Garware Technical Fibres Ltd is involved in the textile business. The firm provides application-focused solutions for various sectors including deep-sea fishing, aquaculture, shipping, agriculture, sports, infrastructure, and transportation. Its operating segment includes Synthetic Cordage and Fibre and Industrial Products and Projects. The company generates maximum revenue from the Synthetic Cordage segment. Its products include ropes, twine, yarn, fishnet, and other nets.

Garware Technical Fibres (BOM:509557) Headlines

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