Meyer Apparel (BOM:531613) Days Sales Outstanding : 1.64 (As of Mar. 2024)

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What is Meyer Apparel Days Sales Outstanding?

Meyer Apparel's average Accounts Receivable for the three months ended in Mar. 2024 was ₹0.27 Mil. Meyer Apparel's Revenue for the three months ended in Mar. 2024 was ₹14.88 Mil. Hence, Meyer Apparel's Days Sales Outstanding for the three months ended in Mar. 2024 was 1.64.

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

BOM:531613' s Days Sales Outstanding Range Over the Past 10 Years
Min: 7.67 Med: 97.83 Max: 193.65
Current: 7.67

During the past 13 years, Meyer Apparel's highest Days Sales Outstanding was 193.65. The lowest was 7.67. And the median was 97.83.

BOM:531613's Days Sales Outstanding is ranked better than
96.89% of 1030 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 52.78 vs BOM:531613: 7.67

Meyer Apparel's Days Sales Outstanding declined from Mar. 2023 (9.31) to Mar. 2024 (1.64).

Meyer Apparel Days Sales Outstanding Historical Data

The historical data trend for Meyer Apparel'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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Meyer Apparel Days Sales Outstanding Chart

Meyer Apparel Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

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109.27

50.21

31.82

25.38

9.44

Meyer Apparel Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															9.31	16.14	6.90	3.91	1.64

Competitive Comparison of Meyer Apparel's Days Sales Outstanding

For the Apparel Manufacturing subindustry, Meyer Apparel'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.

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

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

* The bar in red indicates where Meyer Apparel's Days Sales Outstanding falls into.

Meyer Apparel 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.

Meyer Apparel'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
=	( (2.084	+	0.268)	/	2 )	/	45.448	*	365
=	1.176					/	45.448	*	365
=	9.44

Meyer Apparel's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (0	+	0.268)	/	1 )	/	14.876	*	365 / 4
=	0.268					/	14.876	*	365 / 4
=	1.64

Meyer Apparel (BOM:531613) Days Sales Outstanding Explanation

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

Meyer Apparel Days Sales Outstanding Related Terms

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Meyer Apparel (BOM:531613) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Meyer Apparel Ltd (BOM:531613) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 and 4, Mustil No. 19, Killa No. 5, Opposite Tata Consultancy N.H-8, Village Narsinghpur, Gurugram, HR, IND, 122004

Website

https://www.meyerapparel.com

Meyer Apparel Ltd engages in the manufacture and sale of readymade garments. The company provides formal dressing products, including suits; blue/white button-down shirts, ties, and black shoes and belts. It also offers normal wear, such as jeans, white T-shirts, sweaters, and sneakers, as well as jackets and trousers for men. In addition, the company offers accessories, such as leather wallets, watches, ties, and eyewear.

Meyer Apparel (BOM:531613) Headlines

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