Acknit Industries (BOM:530043) Days Sales Outstanding : 53.37 (As of Dec. 2023)

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What is Acknit Industries Days Sales Outstanding?

Acknit Industries's average Accounts Receivable for the three months ended in Dec. 2023 was ₹271 Mil. Acknit Industries's Revenue for the three months ended in Dec. 2023 was ₹463 Mil. Hence, Acknit Industries's Days Sales Outstanding for the three months ended in Dec. 2023 was 53.37.

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

BOM:530043' s Days Sales Outstanding Range Over the Past 10 Years
Min: 47.13 Med: 52.31 Max: 70.91
Current: 56.95

During the past 13 years, Acknit Industries's highest Days Sales Outstanding was 70.91. The lowest was 47.13. And the median was 52.31.

BOM:530043's Days Sales Outstanding is ranked worse than
54.26% of 1032 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.92 vs BOM:530043: 56.95

Acknit Industries's Days Sales Outstanding declined from Dec. 2022 (69.17) to Dec. 2023 (53.37).

Acknit Industries Days Sales Outstanding Historical Data

The historical data trend for Acknit Industries'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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Acknit Industries Days Sales Outstanding Chart

Acknit Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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67.01

58.87

51.33

49.02

47.13

Acknit Industries 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															69.17	58.97	52.05	44.13	53.37

Competitive Comparison of Acknit Industries's Days Sales Outstanding

For the Footwear & Accessories subindustry, Acknit Industries'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.

Acknit Industries's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Acknit Industries's Days Sales Outstanding falls into.

Acknit Industries 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.

Acknit Industries'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
=	( (308.357	+	284.326)	/	2 )	/	2294.818	*	365
=	296.3415					/	2294.818	*	365
=	47.13

Acknit Industries'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
=	( (270.985	+	0)	/	1 )	/	463.335	*	365 / 4
=	270.985					/	463.335	*	365 / 4
=	53.37

Acknit Industries (BOM:530043) Days Sales Outstanding Explanation

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

Acknit Industries Days Sales Outstanding Related Terms

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Acknit Industries (BOM:530043) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Acknit Industries Ltd (BOM:530043) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ecostation, Block - BP, Plot No.7, Sector- V, 5th Floor, Suit No. 504, Salt Lake City, Kolkata, WB, IND, 700091

Website

https://www.acknitindia.com

Acknit Industries Ltd manufactures all types of garments, gloves, and other apparel products. The company operates through four segments namely Hand gloves, Garments, Other & traded items, and Power generation segment. Most of the firm's revenue gets derived from the Hand Gloves segment which consists of cut and sewn dipped gloves, seamless dipped gloves, Canadian/ welder/ driver gloves, Cut resistant gloves, heat resistant gloves, and kelvlar leather gloves.

Acknit Industries (BOM:530043) Headlines

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