Garware Synthetics (BOM:514400) Days Sales Outstanding : 51.10 (As of Dec. 2023)

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What is Garware Synthetics Days Sales Outstanding?

Garware Synthetics's average Accounts Receivable for the three months ended in Dec. 2023 was ₹15.2 Mil. Garware Synthetics's Revenue for the three months ended in Dec. 2023 was ₹27.2 Mil. Hence, Garware Synthetics's Days Sales Outstanding for the three months ended in Dec. 2023 was 51.10.

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

BOM:514400' s Days Sales Outstanding Range Over the Past 10 Years
Min: 35.98 Med: 42.11 Max: 56.71
Current: 52.86

During the past 13 years, Garware Synthetics's highest Days Sales Outstanding was 56.71. The lowest was 35.98. And the median was 42.11.

BOM:514400's Days Sales Outstanding is ranked better than
50.34% of 1033 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.35 vs BOM:514400: 52.86

Garware Synthetics's Days Sales Outstanding declined from Dec. 2022 (56.98) to Dec. 2023 (51.10).

Garware Synthetics Days Sales Outstanding Historical Data

The historical data trend for Garware Synthetics'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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Garware Synthetics Days Sales Outstanding Chart

Garware Synthetics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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42.56

45.71

56.71

45.28

50.44

Garware Synthetics 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															56.98	48.80	46.36	56.21	51.10

Competitive Comparison of Garware Synthetics's Days Sales Outstanding

For the Textile Manufacturing subindustry, Garware Synthetics'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.

Garware Synthetics's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Garware Synthetics's Days Sales Outstanding falls into.

Garware Synthetics 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.

Garware Synthetics'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
=	( (16.825	+	14.683)	/	2 )	/	114.006	*	365
=	15.754					/	114.006	*	365
=	50.44

Garware Synthetics'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
=	( (15.242	+	0)	/	1 )	/	27.218	*	365 / 4
=	15.242					/	27.218	*	365 / 4
=	51.10

Garware Synthetics (BOM:514400) Days Sales Outstanding Explanation

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

Garware Synthetics Days Sales Outstanding Related Terms

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Garware Synthetics (BOM:514400) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Garware Synthetics Ltd (BOM:514400) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

C/o. Manish Textiles Industries Premises, Penkar Pada, Mira Road (East), Opposite Golden Chemical, Thane, IND, 401104

Website

https://www.garwaresyn.com

Garware Synthetics Ltd is a company engaged in the business of manufacturing Garflon Nylon Monofilaments, Rods, Bristles, Fishing line, Bushes and Machinery parts, and Polypropylene bristles. The company manufactures its products under the GARFLON brand name. The group's products are used for the products such as toothbrushes, shaving brushes, paintbrushes, and industrial and household brushes. The firm principally operates in India and generates key revenue from the sale of Garflon Nylon Bristles.

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