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Sumeet Industries (BOM:514211) Days Sales Outstanding : 28.06 (As of Jun. 2024)


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What is Sumeet Industries Days Sales Outstanding?

Sumeet Industries's average Accounts Receivable for the three months ended in Jun. 2024 was ₹820 Mil. Sumeet Industries's Revenue for the three months ended in Jun. 2024 was ₹2,667 Mil. Hence, Sumeet Industries's Days Sales Outstanding for the three months ended in Jun. 2024 was 28.06.

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

BOM:514211' s Days Sales Outstanding Range Over the Past 10 Years
Min: 34.62   Med: 67.63   Max: 94.07
Current: 34.73

During the past 13 years, Sumeet Industries's highest Days Sales Outstanding was 94.07. The lowest was 34.62. And the median was 67.63.

BOM:514211's Days Sales Outstanding is ranked better than
71.84% of 1030 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 52.515 vs BOM:514211: 34.73

Sumeet Industries's Days Sales Outstanding declined from Jun. 2023 (39.07) to Jun. 2024 (28.06).


Sumeet Industries Days Sales Outstanding Historical Data

The historical data trend for Sumeet Industries'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.

Sumeet Industries Days Sales Outstanding Chart

Sumeet Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 82.58 82.70 45.07 39.09 34.62

Sumeet Industries Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39.07 37.95 40.44 27.61 28.06

Competitive Comparison of Sumeet Industries's Days Sales Outstanding

For the Textile Manufacturing subindustry, Sumeet Industries'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.


Sumeet Industries's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Sumeet Industries's Days Sales Outstanding falls into.



Sumeet Industries 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.

Sumeet Industries's Days Sales Outstanding for the fiscal year that ended in Mar. 2024 is calculated as

Days Sales Outstanding (A: Mar. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Mar. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count ) / Revenue (A: Mar. 2024 )*Days in Period
=( (1047.823 + 820.206) / 2 ) / 9848.57*365
=934.0145 / 9848.57*365
=34.62

Sumeet Industries's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

Days Sales Outstanding (Q: Jun. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Mar. 2024 ) + Accounts Receivable (A: Jun. 2024 )) / count ) / Revenue (A: Jun. 2024 )*Days in Period
=( (820.206 + 0) / 1 ) / 2666.933*365 / 4
=820.206 / 2666.933*365 / 4
=28.06

* 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.


Sumeet Industries  (BOM:514211) Days Sales Outstanding Explanation

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


Sumeet Industries Days Sales Outstanding Related Terms

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Sumeet Industries Business Description

Traded in Other Exchanges
Address
Ring Road, 504, 5th Floor, Trividh Chambers, Opposite Fire Brigade Station, Surat, GJ, IND, 395002
Sumeet Industries Ltd is engaged in the yarn manufacturing business segment in India. It manufactures and exports Polyester Yarn (POY and FDY), Polyester Chips, Texturizing Yarn and Carpet Yarn. The company caters to both domestic and international markets, of which the majority of revenue is generated within India.

Sumeet Industries Headlines

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