Apex Spinning & Knitting Mills (DHA:APEXSPINN) Days Sales Outstanding : 25.18 (As of Dec. 2023)

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What is Apex Spinning & Knitting Mills Days Sales Outstanding?

Apex Spinning & Knitting Mills's average Accounts Receivable for the three months ended in Dec. 2023 was BDT405 Mil. Apex Spinning & Knitting Mills's Revenue for the three months ended in Dec. 2023 was BDT1,466 Mil. Hence, Apex Spinning & Knitting Mills's Days Sales Outstanding for the three months ended in Dec. 2023 was 25.18.

The historical rank and industry rank for Apex Spinning & Knitting Mills's Days Sales Outstanding or its related term are showing as below:

DHA:APEXSPINN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 29.37 Med: 48.02 Max: 61.88
Current: 29.37

During the past 13 years, Apex Spinning & Knitting Mills's highest Days Sales Outstanding was 61.88. The lowest was 29.37. And the median was 48.02.

DHA:APEXSPINN's Days Sales Outstanding is ranked better than
78.78% of 1032 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.675 vs DHA:APEXSPINN: 29.37

Apex Spinning & Knitting Mills's Days Sales Outstanding increased from Dec. 2022 (21.48) to Dec. 2023 (25.18).

Apex Spinning & Knitting Mills Days Sales Outstanding Historical Data

The historical data trend for Apex Spinning & Knitting Mills'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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Apex Spinning & Knitting Mills Days Sales Outstanding Chart

Apex Spinning & Knitting Mills Annual Data

Trend

Mar14

Mar15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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56.90

61.88

41.40

39.59

46.72

Apex Spinning & Knitting Mills 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															21.48	26.37	33.86	34.99	25.18

Competitive Comparison of Apex Spinning & Knitting Mills's Days Sales Outstanding

For the Apparel Manufacturing subindustry, Apex Spinning & Knitting Mills'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.

Apex Spinning & Knitting Mills's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Apex Spinning & Knitting Mills's Days Sales Outstanding falls into.

Apex Spinning & Knitting Mills 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.

Apex Spinning & Knitting Mills's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (502.575	+	633.844)	/	2 )	/	4439.409	*	365
=	568.2095					/	4439.409	*	365
=	46.72

Apex Spinning & Knitting Mills'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
=	( (370.306	+	439.01)	/	2 )	/	1466.389	*	365 / 4
=	404.658					/	1466.389	*	365 / 4
=	25.18

Apex Spinning & Knitting Mills (DHA:APEXSPINN) Days Sales Outstanding Explanation

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

Apex Spinning & Knitting Mills Days Sales Outstanding Related Terms

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Apex Spinning & Knitting Mills (DHA:APEXSPINN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Apex Spinning & Knitting Mills Ltd (DHA:APEXSPINN) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Gulshan Avenue, Shanta Skymark, 8th & 13th Floor, Gulshan, Dhaka, BGD, 1212

Website

https://www.apexknitting.com

Apex Spinning & Knitting Mills Ltd is a Bangladesh based company that operates as a manufacturer and exporter of all kinds of textiles knitted garments. The company is principally operating in manufacturing high-quality Knit-garments for infants, children, and womenswear using fabrics produced in-house.

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