Apex Frozen Foods (NSE:APEX) Days Sales Outstanding : 49.81 (As of Mar. 2024)

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What is Apex Frozen Foods Days Sales Outstanding?

Apex Frozen Foods's average Accounts Receivable for the three months ended in Mar. 2024 was ₹1,069 Mil. Apex Frozen Foods's Revenue for the three months ended in Mar. 2024 was ₹1,959 Mil. Hence, Apex Frozen Foods's Days Sales Outstanding for the three months ended in Mar. 2024 was 49.81.

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

NSE:APEX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 25.63 Med: 37.03 Max: 57.61
Current: 48.36

During the past 11 years, Apex Frozen Foods's highest Days Sales Outstanding was 57.61. The lowest was 25.63. And the median was 37.03.

NSE:APEX's Days Sales Outstanding is ranked worse than
62.68% of 1846 companies
in the Consumer Packaged Goods industry
Industry Median: 39.01 vs NSE:APEX: 48.36

Apex Frozen Foods's Days Sales Outstanding increased from Mar. 2023 (41.25) to Mar. 2024 (49.81).

Apex Frozen Foods Days Sales Outstanding Historical Data

The historical data trend for Apex Frozen Foods'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 Frozen Foods Days Sales Outstanding Chart

Apex Frozen Foods Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

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38.96

51.77

57.61

41.60

49.68

Apex Frozen Foods 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															41.25	40.25	42.19	72.33	49.81

Competitive Comparison of Apex Frozen Foods's Days Sales Outstanding

For the Farm Products subindustry, Apex Frozen Foods'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 Frozen Foods's Days Sales Outstanding Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Apex Frozen Foods's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Apex Frozen Foods's Days Sales Outstanding falls into.

Apex Frozen Foods 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 Frozen Foods'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
=	( (1119.691	+	1069.322)	/	2 )	/	8041.032	*	365
=	1094.5065					/	8041.032	*	365
=	49.68

Apex Frozen Foods'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	+	1069.322)	/	1 )	/	1958.781	*	365 / 4
=	1069.322					/	1958.781	*	365 / 4
=	49.81

Apex Frozen Foods (NSE:APEX) 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 Frozen Foods Days Sales Outstanding Related Terms

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Apex Frozen Foods (NSE:APEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Apex Frozen Foods Ltd (NSE:APEX) » Definitions » Days Sales Outstanding

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540692:India

Address

3 - 160, Panasapadu, East Godavari District, Kakinada, AP, IND, 533 005

Website

https://www.apexfrozenfoods.in

Apex Frozen Foods Ltd is a producer and exporter of shelf-stable quality aquaculture products. It supplies ready-to-cook products to food companies, retail chains, restaurants, club stores, and distributors spread across the developed markets of the USA and various European countries. It produces two kinds of shrimp namely the Whiteleg shrimp (Litopenaeus Vannamei) and the Black Tiger Shrimp (Penaeus Monodon). These products are sold under the brands of Bay Fresh, Bay Harvest, and BayPremium.