Confidence Petroleum India (BOM:526829) Days Sales Outstanding : 25.67 (As of Dec. 2023)

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What is Confidence Petroleum India Days Sales Outstanding?

Confidence Petroleum India's average Accounts Receivable for the three months ended in Dec. 2023 was ₹1,559 Mil. Confidence Petroleum India's Revenue for the three months ended in Dec. 2023 was ₹5,543 Mil. Hence, Confidence Petroleum India's Days Sales Outstanding for the three months ended in Dec. 2023 was 25.67.

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

BOM:526829' s Days Sales Outstanding Range Over the Past 10 Years
Min: 16.08 Med: 33.63 Max: 89.36
Current: 16.08

During the past 13 years, Confidence Petroleum India's highest Days Sales Outstanding was 89.36. The lowest was 16.08. And the median was 33.63.

BOM:526829's Days Sales Outstanding is ranked better than
88.56% of 935 companies
in the Oil & Gas industry
Industry Median: 48.53 vs BOM:526829: 16.08

Confidence Petroleum India's Days Sales Outstanding increased from Dec. 2022 (9.68) to Dec. 2023 (25.67).

Confidence Petroleum India Days Sales Outstanding Historical Data

The historical data trend for Confidence Petroleum India'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.

Confidence Petroleum India Days Sales Outstanding Chart

Confidence Petroleum India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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21.78

22.65

30.07

17.14

16.38

Confidence Petroleum India 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															9.68	17.62	13.59	22.28	25.67

Competitive Comparison of Confidence Petroleum India's Days Sales Outstanding

For the Oil & Gas Refining & Marketing subindustry, Confidence Petroleum India'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.

Confidence Petroleum India's Days Sales Outstanding Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Confidence Petroleum India's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Confidence Petroleum India's Days Sales Outstanding falls into.

Confidence Petroleum India 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.

Confidence Petroleum India'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
=	( (679.7	+	1302.9)	/	2 )	/	22088.3	*	365
=	991.3					/	22088.3	*	365
=	16.38

Confidence Petroleum India'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
=	( (1559.1	+	0)	/	1 )	/	5542.9	*	365 / 4
=	1559.1					/	5542.9	*	365 / 4
=	25.67

Confidence Petroleum India (BOM:526829) Days Sales Outstanding Explanation

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

Confidence Petroleum India Days Sales Outstanding Related Terms

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Confidence Petroleum India (BOM:526829) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Confidence Petroleum India Ltd (BOM:526829) » Definitions » Days Sales Outstanding

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CONFIPET:India

Address

8 Wardha Road, 404, Satyam Appartment, Dhantoli, Nagpur, MH, IND, 440012

Website

https://www.confidencegroup.co

Confidence Petroleum India Ltd is an Indian manufacturer of LPG (liquefied petroleum gas) Cylinders. The company provides CNG (Compressed Natural Gas) and high-pressure cylinders, LPG cylinders, LPG bottling services, and others. Its segments are the Cylinder Division and LPG Division, of which key revenue is derived from the LPG Division which involves LPG marketing and bottling business and other related activities.

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