Titan Biotech (BOM:524717) Days Sales Outstanding : 47.32 (As of Dec. 2023)

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What is Titan Biotech Days Sales Outstanding?

Titan Biotech's average Accounts Receivable for the three months ended in Dec. 2023 was ₹238 Mil. Titan Biotech's Revenue for the three months ended in Dec. 2023 was ₹460 Mil. Hence, Titan Biotech's Days Sales Outstanding for the three months ended in Dec. 2023 was 47.32.

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

BOM:524717' s Days Sales Outstanding Range Over the Past 10 Years
Min: 38.02 Med: 47.68 Max: 54.33
Current: 53.05

During the past 13 years, Titan Biotech's highest Days Sales Outstanding was 54.33. The lowest was 38.02. And the median was 47.68.

BOM:524717's Days Sales Outstanding is ranked better than
66.48% of 889 companies
in the Biotechnology industry
Industry Median: 71.03 vs BOM:524717: 53.05

Titan Biotech's Days Sales Outstanding declined from Dec. 2022 (76.24) to Dec. 2023 (47.32).

Titan Biotech Days Sales Outstanding Historical Data

The historical data trend for Titan Biotech'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.

Titan Biotech Days Sales Outstanding Chart

Titan Biotech Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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47.85

48.49

38.45

47.50

54.09

Titan Biotech 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															76.24	52.04	55.17	50.10	47.32

Competitive Comparison of Titan Biotech's Days Sales Outstanding

For the Biotechnology subindustry, Titan Biotech'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.

Titan Biotech's Days Sales Outstanding Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Titan Biotech's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Titan Biotech's Days Sales Outstanding falls into.

Titan Biotech 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.

Titan Biotech'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
=	( (216.708	+	210.077)	/	2 )	/	1439.993	*	365
=	213.3925					/	1439.993	*	365
=	54.09

Titan Biotech'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
=	( (238.449	+	0)	/	1 )	/	459.789	*	365 / 4
=	238.449					/	459.789	*	365 / 4
=	47.32

Titan Biotech (BOM:524717) Days Sales Outstanding Explanation

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

Titan Biotech Days Sales Outstanding Related Terms

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Titan Biotech (BOM:524717) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Titan Biotech Ltd (BOM:524717) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

903-909, 9th Floor, Bigjos Tower, Netaji Subhash Place, Delhi, IND, 110034

Website

https://www.titanbiotechltd.com

Titan Biotech Ltd is a manufacturer and exporter of biological products. It manufactures biological products such as peptone, malt extract, yeast extract, liver extract, bile extract, culture media, laboratory chemicals, plant growth promoters and others. The biological products have applications in the field of pharmaceutical, nutraceutical, food and beverages, biotechnology and fermentation, cosmetic, veterinary and animal feed, agriculture industries, and others. The Company's business activity falls within a single primary business segment which is business of Biological Products. The firm sells its products in India and also exports internationally, of which the majority of the revenue is derived from the sales made in India.

Titan Biotech (BOM:524717) Headlines

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