Rane Engine Valve (BOM:532988) Days Sales Outstanding : 69.29 (As of Mar. 2024)

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What is Rane Engine Valve Days Sales Outstanding?

Rane Engine Valve's average Accounts Receivable for the three months ended in Mar. 2024 was ₹1,138 Mil. Rane Engine Valve's Revenue for the three months ended in Mar. 2024 was ₹1,498 Mil. Hence, Rane Engine Valve's Days Sales Outstanding for the three months ended in Mar. 2024 was 69.29.

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

BOM:532988' s Days Sales Outstanding Range Over the Past 10 Years
Min: 47.44 Med: 71.17 Max: 86.09
Current: 70.69

During the past 13 years, Rane Engine Valve's highest Days Sales Outstanding was 86.09. The lowest was 47.44. And the median was 71.17.

BOM:532988's Days Sales Outstanding is ranked worse than
62.76% of 1270 companies
in the Vehicles & Parts industry
Industry Median: 60.215 vs BOM:532988: 70.69

Rane Engine Valve's Days Sales Outstanding declined from Mar. 2023 (72.56) to Mar. 2024 (69.29).

Rane Engine Valve Days Sales Outstanding Historical Data

The historical data trend for Rane Engine Valve'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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Rane Engine Valve Days Sales Outstanding Chart

Rane Engine Valve Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

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76.78

86.09

76.53

68.73

71.38

Rane Engine Valve 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															72.56	71.35	68.91	71.98	69.29

Competitive Comparison of Rane Engine Valve's Days Sales Outstanding

For the Auto Parts subindustry, Rane Engine Valve'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.

Rane Engine Valve's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Rane Engine Valve's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Rane Engine Valve's Days Sales Outstanding falls into.

Rane Engine Valve 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.

Rane Engine Valve'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
=	( (1079.1	+	1137.6)	/	2 )	/	5667.5	*	365
=	1108.35					/	5667.5	*	365
=	71.38

Rane Engine Valve'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	+	1137.6)	/	1 )	/	1498.2	*	365 / 4
=	1137.6					/	1498.2	*	365 / 4
=	69.29

Rane Engine Valve (BOM:532988) Days Sales Outstanding Explanation

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

Rane Engine Valve Days Sales Outstanding Related Terms

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Rane Engine Valve (BOM:532988) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rane Engine Valve Ltd (BOM:532988) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

RANEENGINE:India

Address

Jawaharlal Nehru Road, 2nd Floor, ESPEE IT PARK, Developed Plot No: 5 (NP), Ekkatuthangal, Guindy, Chennai, TN, IND, 600 032

Website

https://www.ranegroup.com

Rane Engine Valve Ltd is an India-based company, which is engaged in the manufacturing and marketing of auto components for the transportation industry. The company manufactures components for internal combustion engine industry applicable for stationary and transportation engine applications. It offers engine valves, valve guides, tappets for passenger cars, commercial vehicles, farm tractors, stationary engines, locomotive and marine engines, and two and three-wheelers.

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