Modis Navnirman (BOM:543539) Days Sales Outstanding : 8.34 (As of Mar. 2024)

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What is Modis Navnirman Days Sales Outstanding?

Modis Navnirman's average Accounts Receivable for the six months ended in Mar. 2024 was ₹14.9 Mil. Modis Navnirman's Revenue for the six months ended in Mar. 2024 was ₹325.3 Mil. Hence, Modis Navnirman's Days Sales Outstanding for the six months ended in Mar. 2024 was 8.34.

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

BOM:543539' s Days Sales Outstanding Range Over the Past 10 Years
Min: 5.84 Med: 10.15 Max: 13.8
Current: 8.51

During the past 5 years, Modis Navnirman's highest Days Sales Outstanding was 13.80. The lowest was 5.84. And the median was 10.15.

BOM:543539's Days Sales Outstanding is ranked better than
78.04% of 1667 companies
in the Real Estate industry
Industry Median: 36.42 vs BOM:543539: 8.51

Modis Navnirman's Days Sales Outstanding declined from Mar. 2023 (10.78) to Mar. 2024 (8.34).

Modis Navnirman Days Sales Outstanding Historical Data

The historical data trend for Modis Navnirman'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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Modis Navnirman Days Sales Outstanding Chart

Modis Navnirman Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

6.30

10.15

13.80

5.84

10.82

Modis Navnirman Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial			-	9.76	10.78	6.03	8.34

Competitive Comparison of Modis Navnirman's Days Sales Outstanding

For the Real Estate - Development subindustry, Modis Navnirman'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.

Modis Navnirman's Days Sales Outstanding Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Modis Navnirman's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Modis Navnirman's Days Sales Outstanding falls into.

Modis Navnirman 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.

Modis Navnirman'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
=	( (10.022	+	23.686)	/	2 )	/	568.46	*	365
=	16.854					/	568.46	*	365
=	10.82

Modis Navnirman'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: Sep. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (6.055	+	23.686)	/	2 )	/	325.34	*	365 / 2
=	14.8705					/	325.34	*	365 / 2
=	8.34

Modis Navnirman (BOM:543539) Days Sales Outstanding Explanation

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

Modis Navnirman Days Sales Outstanding Related Terms

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Modis Navnirman (BOM:543539) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Modis Navnirman Ltd (BOM:543539) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

M G Road, Shop No. 1, Rashmi Heights, Opposite Kamla Nagar, Kandivali (West), Mumbai, MH, IND, 400067

Website

https://www.modisnirman.com

Modis Navnirman Ltd is engaged in the real estate sector. It focuses on the mid-market and affordable housing categories as its target segment within the residential housing market. The company's projects are located in the western suburbs of Mumbai specifically in and around the areas of Borivali, Kandivali, Malad and Goregaon. The company projects are Rashmi Enclave, Badshah Residency, Rashmi Jewel, Rashmi Terrace and others.

Modis Navnirman (BOM:543539) Headlines

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