Hero MotoCorp (NSE:HEROMOTOCO) Days Sales Outstanding : 24.96 (As of Mar. 2024)

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What is Hero MotoCorp Days Sales Outstanding?

Hero MotoCorp's average Accounts Receivable for the three months ended in Mar. 2024 was ₹26,302 Mil. Hero MotoCorp's Revenue for the three months ended in Mar. 2024 was ₹96,167 Mil. Hence, Hero MotoCorp's Days Sales Outstanding for the three months ended in Mar. 2024 was 24.96.

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

NSE:HEROMOTOCO' s Days Sales Outstanding Range Over the Past 10 Years
Min: 15.19 Med: 22.74 Max: 30.84
Current: 30.84

During the past 13 years, Hero MotoCorp's highest Days Sales Outstanding was 30.84. The lowest was 15.19. And the median was 22.74.

NSE:HEROMOTOCO's Days Sales Outstanding is ranked better than
80.21% of 1268 companies
in the Vehicles & Parts industry
Industry Median: 60.285 vs NSE:HEROMOTOCO: 30.84

Hero MotoCorp's Days Sales Outstanding declined from Mar. 2023 (29.42) to Mar. 2024 (24.96).

Hero MotoCorp Days Sales Outstanding Historical Data

The historical data trend for Hero MotoCorp'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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Hero MotoCorp Days Sales Outstanding Chart

Hero MotoCorp Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

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26.96

22.69

27.92

26.06

25.84

Hero MotoCorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															29.42	28.04	40.48	39.43	24.96

Competitive Comparison of Hero MotoCorp's Days Sales Outstanding

For the Auto Manufacturers subindustry, Hero MotoCorp'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.

Hero MotoCorp's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hero MotoCorp's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Hero MotoCorp's Days Sales Outstanding falls into.

Hero MotoCorp 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.

Hero MotoCorp'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
=	( (27194.7	+	26302.2)	/	2 )	/	377886.2	*	365
=	26748.45					/	377886.2	*	365
=	25.84

Hero MotoCorp's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (0	+	26302.2)	/	1 )	/	96166.8	*	365 / 4
=	26302.2					/	96166.8	*	365 / 4
=	24.96

Hero MotoCorp (NSE:HEROMOTOCO) Days Sales Outstanding Explanation

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

Hero MotoCorp Days Sales Outstanding Related Terms

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Hero MotoCorp (NSE:HEROMOTOCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hero MotoCorp Ltd (NSE:HEROMOTOCO) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

500182:India

Address

Nelson Mandela Road, The Grand Plaza, Plot No. 2, Vasant Kunj - Phase -II, New Delhi, IND, 110070

Website

https://www.heromotocorp.com

Hero MotoCorp Ltd is a motorcycle manufacturing company domiciled in India. The company manufactures and distributes motorcycles, scooters, and related spare parts. Sales of motorcycles comprise the largest contribution to consolidated revenue, followed by scooter sales. While Hero MotoCorp derives the vast majority of revenue from domestic operations, the company also has operations in Latin America, South Asia, Africa, and the Middle East. Hero MotoCorp principally manufactures and assembles production domestically. The Company primarily operates in the automotive segment. The automotive segment includes all activities related to development, design, manufacture, assembly and sale of vehicles, as well as sale of related parts and accessories.

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