Globe Textiles (India) (NSE:GLOBE) Days Sales Outstanding : 75.14 (As of Jun. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Globe Textiles (India) Days Sales Outstanding?

Globe Textiles (India)'s average Accounts Receivable for the three months ended in Jun. 2024 was ₹1,025 Mil. Globe Textiles (India)'s Revenue for the three months ended in Jun. 2024 was ₹1,244 Mil. Hence, Globe Textiles (India)'s Days Sales Outstanding for the three months ended in Jun. 2024 was 75.14.

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

NSE:GLOBE' s Days Sales Outstanding Range Over the Past 10 Years
Min: 58.14 Med: 83.95 Max: 150.89
Current: 111.61

During the past 13 years, Globe Textiles (India)'s highest Days Sales Outstanding was 150.89. The lowest was 58.14. And the median was 83.95.

NSE:GLOBE's Days Sales Outstanding is ranked worse than
84.51% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.02 vs NSE:GLOBE: 111.61

Globe Textiles (India)'s Days Sales Outstanding increased from Jun. 2023 (69.78) to Jun. 2024 (75.14).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Globe Textiles (India) Days Sales Outstanding Historical Data

The historical data trend for Globe Textiles (India)'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.

* Premium members only.

Globe Textiles (India) Days Sales Outstanding Chart

Globe Textiles (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

Get a 7-Day Free Trial

110.60

150.89

113.99

108.82

90.62

Globe Textiles (India) Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Sales Outstanding	Get a 7-Day Free Trial															69.78	147.43	168.27	105.26	75.14

Competitive Comparison of Globe Textiles (India)'s Days Sales Outstanding

For the Textile Manufacturing subindustry, Globe Textiles (India)'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.

Globe Textiles (India)'s Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Globe Textiles (India)'s Days Sales Outstanding falls into.

Globe Textiles (India) 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.

Globe Textiles (India)'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
=	( (1043.157	+	1024.584)	/	2 )	/	4164.363	*	365
=	1033.8705					/	4164.363	*	365
=	90.62

Globe Textiles (India)'s Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding (Q: Jun. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2024 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )	/	Revenue (A: Jun. 2024 )	*	Days in Period
=	( (1024.584	+	0)	/	1 )	/	1244.218	*	365 / 4
=	1024.584					/	1244.218	*	365 / 4
=	75.14

Globe Textiles (India) (NSE:GLOBE) Days Sales Outstanding Explanation

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

Globe Textiles (India) Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Globe Textiles (India)'s Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Globe Textiles (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Globe Textiles (India) Ltd (NSE:GLOBE) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Ahmedabad Apparel Park, Plot No. 38 to 41, GIDC Khokhra, Ahmedabad, GJ, IND, 380008

Website

https://www.globetextiles.net

Globe Textiles (India) Ltd manufactures, supplies, and trades textile and apparel products and services from fiber to fashion. The company products include Denim and Non-Denim Fabrics, Shirting Fabrics, Printed Fabrics, Home Textiles, Jeans and Yarns. The company has its operations in India and outside India.

Globe Textiles (India) Headlines

No Headlines