Advance Syntex (BOM:539982) Days Sales Outstanding : 11,300.62 (As of Dec. 2023)

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What is Advance Syntex Days Sales Outstanding?

Advance Syntex's average Accounts Receivable for the three months ended in Dec. 2023 was ₹188.61 Mil. Advance Syntex's Revenue for the three months ended in Dec. 2023 was ₹1.52 Mil. Hence, Advance Syntex's Days Sales Outstanding for the three months ended in Dec. 2023 was 11,300.62.

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

BOM:539982' s Days Sales Outstanding Range Over the Past 10 Years
Min: 62.57 Med: 121.02 Max: 2979.37
Current: 2979.37

During the past 13 years, Advance Syntex's highest Days Sales Outstanding was 2979.37. The lowest was 62.57. And the median was 121.02.

BOM:539982's Days Sales Outstanding is ranked worse than
99.87% of 1526 companies
in the Chemicals industry
Industry Median: 64.05 vs BOM:539982: 2979.37

Advance Syntex's Days Sales Outstanding increased from Dec. 2022 (316.66) to Dec. 2023 (11,300.62).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Advance Syntex Days Sales Outstanding Historical Data

The historical data trend for Advance Syntex'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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Advance Syntex Days Sales Outstanding Chart

Advance Syntex Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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124.36

152.02

211.88

291.14

408.42

Advance Syntex Quarterly Data
	Sep18	Mar19	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															316.66	1,020.65	6,437.75	6,881.59	11,300.62

Competitive Comparison of Advance Syntex's Days Sales Outstanding

For the Specialty Chemicals subindustry, Advance Syntex'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.

Advance Syntex's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Advance Syntex's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Advance Syntex's Days Sales Outstanding falls into.

Advance Syntex 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.

Advance Syntex'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
=	( (225.535	+	203.045)	/	2 )	/	191.508	*	365
=	214.29					/	191.508	*	365
=	408.42

Advance Syntex'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
=	( (188.612	+	0)	/	1 )	/	1.523	*	365 / 4
=	188.612					/	1.523	*	365 / 4
=	11,300.62

Advance Syntex (BOM:539982) Days Sales Outstanding Explanation

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

Advance Syntex Days Sales Outstanding Related Terms

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Advance Syntex (BOM:539982) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Advance Syntex Ltd (BOM:539982) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

233/2 & 238/2 GIDC POR, Ramangamdi, Vadodara, GJ, IND, 391243

Website

https://www.midasglitter.com

Advance Syntex Ltd is an India-based manufacturer of other made-up textile goods except for apparel. It manufactures and exports metallic yarn, lacquer-coated aluminum metalized polyester film, glitter powder, and allied other products. The company's product line includes metalized polyester films, metalized and coated film for metallic yarn, polyester tape films, and coated polyester films; glitter powder for textiles, decorative and clear polyester glitters, and others.

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