MITCON Consultancy & Engineering Services (NSE:MITCON) Days Sales Outstanding : 158.49 (As of Dec. 2023)

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What is MITCON Consultancy & Engineering Services Days Sales Outstanding?

MITCON Consultancy & Engineering Services's average Accounts Receivable for the three months ended in Dec. 2023 was ₹419 Mil. MITCON Consultancy & Engineering Services's Revenue for the three months ended in Dec. 2023 was ₹241 Mil. Hence, MITCON Consultancy & Engineering Services's Days Sales Outstanding for the three months ended in Dec. 2023 was 158.49.

The historical rank and industry rank for MITCON Consultancy & Engineering Services's Days Sales Outstanding or its related term are showing as below:

NSE:MITCON' s Days Sales Outstanding Range Over the Past 10 Years
Min: 103.98 Med: 141.85 Max: 209.62
Current: 126.62

During the past 11 years, MITCON Consultancy & Engineering Services's highest Days Sales Outstanding was 209.62. The lowest was 103.98. And the median was 141.85.

NSE:MITCON's Days Sales Outstanding is ranked worse than
74.24% of 1642 companies
in the Construction industry
Industry Median: 72.53 vs NSE:MITCON: 126.62

MITCON Consultancy & Engineering Services's Days Sales Outstanding declined from Dec. 2022 (177.42) to Dec. 2023 (158.49).

MITCON Consultancy & Engineering Services Days Sales Outstanding Historical Data

The historical data trend for MITCON Consultancy & Engineering Services'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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MITCON Consultancy & Engineering Services Days Sales Outstanding Chart

MITCON Consultancy & Engineering Services Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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173.96

200.37

209.62

120.44

172.95

MITCON Consultancy & Engineering Services Quarterly Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															177.42	139.89	132.45	107.02	158.49

Competitive Comparison of MITCON Consultancy & Engineering Services's Days Sales Outstanding

For the Engineering & Construction subindustry, MITCON Consultancy & Engineering Services'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.

MITCON Consultancy & Engineering Services's Days Sales Outstanding Distribution in the Construction Industry

For the Construction industry and Industrials sector, MITCON Consultancy & Engineering Services's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where MITCON Consultancy & Engineering Services's Days Sales Outstanding falls into.

MITCON Consultancy & Engineering Services 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.

MITCON Consultancy & Engineering Services'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
=	( (363.869	+	428.895)	/	2 )	/	836.516	*	365
=	396.382					/	836.516	*	365
=	172.95

MITCON Consultancy & Engineering Services'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
=	( (419.404	+	0)	/	1 )	/	241.475	*	365 / 4
=	419.404					/	241.475	*	365 / 4
=	158.49

MITCON Consultancy & Engineering Services (NSE:MITCON) Days Sales Outstanding Explanation

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

MITCON Consultancy & Engineering Services Days Sales Outstanding Related Terms

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MITCON Consultancy & Engineering Services (NSE:MITCON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MITCON Consultancy & Engineering Services Ltd (NSE:MITCON) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

Kubera Chambers, First Floor, Shivajinagar, Pune, MH, IND, 411005

Website

https://www.mitconindia.com

MITCON Consultancy & Engineering Services Ltd is a consultancy company. The company's operating segments include Consultancy and Training, Project Services, and Wind Power Generation. It generates maximum revenue from the Consultancy and Training segment. The company serves various sectors such as Solar Energy, Infrastructure, Power and Energy Conservation, Environment Management and Engineering division, Banking and Financial Solution division, Industrial Infrastructure, and others.

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