Veejay Lakshmi Engineering Works (BOM:522267) Days Sales Outstanding : 13.04 (As of Dec. 2023)

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What is Veejay Lakshmi Engineering Works Days Sales Outstanding?

Veejay Lakshmi Engineering Works's average Accounts Receivable for the three months ended in Dec. 2023 was ₹30.4 Mil. Veejay Lakshmi Engineering Works's Revenue for the three months ended in Dec. 2023 was ₹212.9 Mil. Hence, Veejay Lakshmi Engineering Works's Days Sales Outstanding for the three months ended in Dec. 2023 was 13.04.

The historical rank and industry rank for Veejay Lakshmi Engineering Works's Days Sales Outstanding or its related term are showing as below:

BOM:522267' s Days Sales Outstanding Range Over the Past 10 Years
Min: 3.66 Med: 16.99 Max: 36.52
Current: 7.52

During the past 13 years, Veejay Lakshmi Engineering Works's highest Days Sales Outstanding was 36.52. The lowest was 3.66. And the median was 16.99.

BOM:522267's Days Sales Outstanding is ranked better than
96.7% of 1030 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.075 vs BOM:522267: 7.52

Veejay Lakshmi Engineering Works's Days Sales Outstanding increased from Dec. 2022 (7.82) to Dec. 2023 (13.04).

Veejay Lakshmi Engineering Works Days Sales Outstanding Historical Data

The historical data trend for Veejay Lakshmi Engineering Works'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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Veejay Lakshmi Engineering Works Days Sales Outstanding Chart

Veejay Lakshmi Engineering Works Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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18.95

26.13

29.42

11.99

3.66

Veejay Lakshmi Engineering Works 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															7.82	3.88	2.29	11.15	13.04

Competitive Comparison of Veejay Lakshmi Engineering Works's Days Sales Outstanding

For the Textile Manufacturing subindustry, Veejay Lakshmi Engineering Works'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.

Veejay Lakshmi Engineering Works's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Veejay Lakshmi Engineering Works's Days Sales Outstanding falls into.

Veejay Lakshmi Engineering Works 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.

Veejay Lakshmi Engineering Works'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
=	( (8.119	+	4.709)	/	2 )	/	639.719	*	365
=	6.414					/	639.719	*	365
=	3.66

Veejay Lakshmi Engineering Works'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
=	( (30.422	+	0)	/	1 )	/	212.858	*	365 / 4
=	30.422					/	212.858	*	365 / 4
=	13.04

Veejay Lakshmi Engineering Works (BOM:522267) Days Sales Outstanding Explanation

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

Veejay Lakshmi Engineering Works Days Sales Outstanding Related Terms

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Veejay Lakshmi Engineering Works (BOM:522267) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Veejay Lakshmi Engineering Works Ltd (BOM:522267) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Sengalipalayam, N.G.G.O. Colony Post, Coimbatore, TN, IND, 641022

Website

https://www.veejaylakshmi.com

Veejay Lakshmi Engineering Works Ltd is an Indian company that operates in the textile industry. The operating segment of the company includes Engineering and Textile. It generates maximum revenue from the Textile segment. The Textile Division is engaged in producing yarn and fabrics. Its Engineering Division is engaged in producing Two for One Twisters and Assembly Winders.

Veejay Lakshmi Engineering Works (BOM:522267) Headlines

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