Safko Spinning Mills (DHA:SAFKOSPINN) Days Sales Outstanding

: 45.80 (As of Dec. 2023)

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Safko Spinning Mills's average Accounts Receivable for the three months ended in Dec. 2023 was BDT5.6 Mil. Safko Spinning Mills's Revenue for the three months ended in Dec. 2023 was BDT11.2 Mil. Hence, Safko Spinning Mills's Days Sales Outstanding for the three months ended in Dec. 2023 was 45.80.

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

DHA:SAFKOSPINN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 29.57 Med: 32.67 Max: 68.8
Current: 68.8

During the past 13 years, Safko Spinning Mills's highest Days Sales Outstanding was 68.80. The lowest was 29.57. And the median was 32.67.

DHA:SAFKOSPINN's Days Sales Outstanding is ranked worse than
65.18% of 1031 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.83 vs DHA:SAFKOSPINN: 68.80

Safko Spinning Mills's Days Sales Outstanding declined from Dec. 2022 (59.94) to Dec. 2023 (45.80).

Safko Spinning Mills Days Sales Outstanding Historical Data

The historical data trend for Safko Spinning Mills'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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 30.25 [6] => 63.23 [7] => 42.25 [8] => 29.57 [9] => 52.83 )

Safko Spinning Mills Annual Data

Trend

Dec14

Dec15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

30.25

63.23

42.25

29.57

52.83

Safko Spinning Mills 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																59.94	78.58	57.09	122.77	45.80

Competitive Comparison

For the Textile Manufacturing subindustry, Safko Spinning Mills'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.

Safko Spinning Mills Days Sales Outstanding Distribution

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

* The bar in red indicates where Safko Spinning Mills's Days Sales Outstanding falls into.

Safko Spinning Mills 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.

Safko Spinning Mills's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (61.67	+	57.486)	/	2 )	/	411.63	*	365
=	59.578					/	411.63	*	365
=	52.83

Safko Spinning Mills'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
=	( (5.635	+	5.635)	/	2 )	/	11.228	*	365 / 4
=	5.635					/	11.228	*	365 / 4
=	45.80

Safko Spinning Mills (DHA:SAFKOSPINN) Days Sales Outstanding Explanation

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

Safko Spinning Mills Days Sales Outstanding Related Terms

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Safko Spinning Mills (DHA:SAFKOSPINN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Safko Spinning Mills Ltd (DHA:SAFKOSPINN) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

House No. 10, Road No. 1, Bloack B (6th Floor), Niketon, Gulshan, Dhaka, BGD, 1212

Website

https://www.saiham-safko.com

Safko Spinning Mills Ltd is Bangladesh based company engages in producing various type of yarn. The company's business operation is involved in manufacturing cotton yarn, polyester, cotton blended yarn, synthetic yarn, and other yarns for sale and export purposes. It produces cotton and polyester yarns for the domestic and export market.

Safko Spinning Mills (DHA:SAFKOSPINN) Headlines

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