Innovative Tech Pack (BOM:523840) Days Sales Outstanding : 69.02 (As of Dec. 2023)

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What is Innovative Tech Pack Days Sales Outstanding?

Innovative Tech Pack's average Accounts Receivable for the three months ended in Dec. 2023 was ₹247 Mil. Innovative Tech Pack's Revenue for the three months ended in Dec. 2023 was ₹327 Mil. Hence, Innovative Tech Pack's Days Sales Outstanding for the three months ended in Dec. 2023 was 69.02.

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

BOM:523840' s Days Sales Outstanding Range Over the Past 10 Years
Min: 44.79 Med: 52.43 Max: 64.27
Current: 55.02

During the past 13 years, Innovative Tech Pack's highest Days Sales Outstanding was 64.27. The lowest was 44.79. And the median was 52.43.

BOM:523840's Days Sales Outstanding is ranked better than
70.82% of 377 companies
in the Packaging & Containers industry
Industry Median: 69.28 vs BOM:523840: 55.02

Innovative Tech Pack's Days Sales Outstanding increased from Dec. 2022 (47.65) to Dec. 2023 (69.02).

Innovative Tech Pack Days Sales Outstanding Historical Data

The historical data trend for Innovative Tech Pack'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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Innovative Tech Pack Days Sales Outstanding Chart

Innovative Tech Pack Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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52.72

52.13

59.49

53.05

48.01

Innovative Tech Pack 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															47.65	50.78	52.32	61.04	69.02

Competitive Comparison of Innovative Tech Pack's Days Sales Outstanding

For the Packaging & Containers subindustry, Innovative Tech Pack'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.

Innovative Tech Pack's Days Sales Outstanding Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Innovative Tech Pack's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Innovative Tech Pack's Days Sales Outstanding falls into.

Innovative Tech Pack 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.

Innovative Tech Pack'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
=	( (199.213	+	217.415)	/	2 )	/	1583.642	*	365
=	208.314					/	1583.642	*	365
=	48.01

Innovative Tech Pack'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
=	( (247.194	+	0)	/	1 )	/	326.801	*	365 / 4
=	247.194					/	326.801	*	365 / 4
=	69.02

Innovative Tech Pack (BOM:523840) Days Sales Outstanding Explanation

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

Innovative Tech Pack Days Sales Outstanding Related Terms

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Innovative Tech Pack (BOM:523840) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Innovative Tech Pack Ltd (BOM:523840) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

803-805, 8th Floor, Tower-2, Plot No -22, Sector-135, Assotech Business Cresterra, Noida, UP, IND, 201301

Website

https://www.itplgroup.com

Innovative Tech Pack Ltd operates in the plastic packaging industry. The company is engaged in the business of manufacturing and reselling plastic bottles, jars, containers, pre-forms, and caps. Its product portfolio includes packaging for oils, liquor, medicinal syrups, sauces, insect repellents, honey, energy powders, candies, biscuits, mayonnaise, and dairy-based beverages. The company serves clients in various industries including food, confectionery, beverage, consumer care, pharmaceutical, dairy, and other industries.

Innovative Tech Pack (BOM:523840) Headlines

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