Envoy Textiles (DHA:ENVOYTEX) Days Sales Outstanding : 96.36 (As of Mar. 2024)

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What is Envoy Textiles Days Sales Outstanding?

Envoy Textiles's average Accounts Receivable for the three months ended in Mar. 2024 was BDT4,052 Mil. Envoy Textiles's Revenue for the three months ended in Mar. 2024 was BDT3,837 Mil. Hence, Envoy Textiles's Days Sales Outstanding for the three months ended in Mar. 2024 was 96.36.

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

DHA:ENVOYTEX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 98.98 Med: 114.5 Max: 170.44
Current: 98.98

During the past 12 years, Envoy Textiles's highest Days Sales Outstanding was 170.44. The lowest was 98.98. And the median was 114.50.

DHA:ENVOYTEX's Days Sales Outstanding is ranked worse than
81.94% of 1030 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 52.78 vs DHA:ENVOYTEX: 98.98

Envoy Textiles's Days Sales Outstanding declined from Mar. 2023 (105.79) to Mar. 2024 (96.36).

Envoy Textiles Days Sales Outstanding Historical Data

The historical data trend for Envoy Textiles'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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Envoy Textiles Days Sales Outstanding Chart

Envoy Textiles Annual Data

Trend

Sep14

Sep15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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105.12

111.01

114.59

114.41

132.45

Envoy Textiles 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															105.79	102.89	105.73	89.54	96.36

Competitive Comparison of Envoy Textiles's Days Sales Outstanding

For the Textile Manufacturing subindustry, Envoy Textiles'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.

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

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

* The bar in red indicates where Envoy Textiles's Days Sales Outstanding falls into.

Envoy Textiles 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.

Envoy Textiles'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
=	( (4424.087	+	3434.929)	/	2 )	/	10828.504	*	365
=	3929.508					/	10828.504	*	365
=	132.45

Envoy Textiles'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
=	( (3640.043	+	4463.032)	/	2 )	/	3836.816	*	365 / 4
=	4051.5375					/	3836.816	*	365 / 4
=	96.36

Envoy Textiles (DHA:ENVOYTEX) Days Sales Outstanding Explanation

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

Envoy Textiles Days Sales Outstanding Related Terms

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Envoy Textiles (DHA:ENVOYTEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Envoy Textiles Ltd (DHA:ENVOYTEX) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

18/E, Lake Circus, Kalabagan, Envoy Tower, West Panthapath, Dhaka, BGD, 1205

Website

http://www.envoytextiles.com

Envoy Textiles Ltd is a manufacturer of denim in Bangladesh. The company produces a range of denim products featuring a wide range of yarns and weaves in various shades of indigo and black. The company specializes in 4.5 oz to 14.75 oz ring and open-end denim and uses stretch, mill wash, and modern finishing processes. The product consists of cent percent cotton denim, overdyed denim fabric, flat/mercerized denim, coated denim, dual-core, blender, indigo, stretch denim fabric, vintage cross-hatch style denim fabric, natural denim, cotton/poly/spandex, performance denim, handloom/knit look, and tencel.

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