Solitaire Machine Tools (BOM:522152) Days Sales Outstanding : 112.76 (As of Jun. 2024)

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What is Solitaire Machine Tools Days Sales Outstanding?

Solitaire Machine Tools's average Accounts Receivable for the three months ended in Jun. 2024 was ₹60.0 Mil. Solitaire Machine Tools's Revenue for the three months ended in Jun. 2024 was ₹48.6 Mil. Hence, Solitaire Machine Tools's Days Sales Outstanding for the three months ended in Jun. 2024 was 112.76.

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

BOM:522152' s Days Sales Outstanding Range Over the Past 10 Years
Min: 38.1 Med: 53.21 Max: 87.65
Current: 63.95

During the past 13 years, Solitaire Machine Tools's highest Days Sales Outstanding was 87.65. The lowest was 38.10. And the median was 53.21.

BOM:522152's Days Sales Outstanding is ranked better than
67.33% of 2978 companies
in the Industrial Products industry
Industry Median: 79.41 vs BOM:522152: 63.95

Solitaire Machine Tools's Days Sales Outstanding declined from Jun. 2023 (187.44) to Jun. 2024 (112.76).

Solitaire Machine Tools Days Sales Outstanding Historical Data

The historical data trend for Solitaire Machine Tools'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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Solitaire Machine Tools Days Sales Outstanding Chart

Solitaire Machine Tools Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

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42.50

38.10

62.35

55.05

87.65

Solitaire Machine Tools Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Sales Outstanding	Get a 7-Day Free Trial															187.44	33.73	40.24	83.15	112.76

Competitive Comparison of Solitaire Machine Tools's Days Sales Outstanding

For the Tools & Accessories subindustry, Solitaire Machine Tools'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.

Solitaire Machine Tools's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Solitaire Machine Tools's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Solitaire Machine Tools's Days Sales Outstanding falls into.

Solitaire Machine Tools 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.

Solitaire Machine Tools's Days Sales Outstanding for the fiscal year that ended in Mar. 2024 is calculated as

	Days Sales Outstanding (A: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (40.042	+	60.015)	/	2 )	/	208.342	*	365
=	50.0285					/	208.342	*	365
=	87.65

Solitaire Machine Tools's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding (Q: Jun. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2024 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )	/	Revenue (A: Jun. 2024 )	*	Days in Period
=	( (60.015	+	0)	/	1 )	/	48.565	*	365 / 4
=	60.015					/	48.565	*	365 / 4
=	112.76

Solitaire Machine Tools (BOM:522152) Days Sales Outstanding Explanation

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

Solitaire Machine Tools Days Sales Outstanding Related Terms

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Solitaire Machine Tools Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Solitaire Machine Tools Ltd (BOM:522152) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

A-24/25, Krishna Industrial Estate, Gorwa, Vadodara, GJ, IND, 390016

Website

https://www.smtgrinders.com

Solitaire Machine Tools Ltd manufactures precision centerless grinders. The company has one reportable segment namely Centerless Grinding Machine & Spares parts & Accessories. The firm also offers CNC products, including precision servo infeed attachments, servo drives for regulating wheels, two-axis CNC grinding wheel dressers, and diamond roll dressers for grinding wheels, as well as two, three, four, and five-axis CNC grinder controls. The company also provides remanufacturing and CNC retrofitting services for grinders. Its centerless grinders are used in the industry like an automobile, automobile ancillaries, textiles machinery, steel industry, and bearing industry.

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