HI-Green Carbon (NSE:HIGREEN) Days Sales Outstanding : 41.34 (As of Sep. 2024)

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What is HI-Green Carbon Days Sales Outstanding?

HI-Green Carbon's average Accounts Receivable for the six months ended in Sep. 2024 was ₹81.8 Mil. HI-Green Carbon's Revenue for the six months ended in Sep. 2024 was ₹360.9 Mil. Hence, HI-Green Carbon's Days Sales Outstanding for the six months ended in Sep. 2024 was 41.34.

The historical rank and industry rank for HI-Green Carbon's Days Sales Outstanding or its related term are showing as below:

NSE:HIGREEN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 24.82 Med: 32.03 Max: 44.22
Current: 39.61

During the past 4 years, HI-Green Carbon's highest Days Sales Outstanding was 44.22. The lowest was 24.82. And the median was 32.03.

NSE:HIGREEN's Days Sales Outstanding is ranked better than
78.62% of 1539 companies
in the Chemicals industry
Industry Median: 64.04 vs NSE:HIGREEN: 39.61

HI-Green Carbon's Days Sales Outstanding increased from Sep. 2023 (33.95) to Sep. 2024 (41.34).

HI-Green Carbon Days Sales Outstanding Historical Data

The historical data trend for HI-Green Carbon'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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HI-Green Carbon Days Sales Outstanding Chart

HI-Green Carbon Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

44.22

28.25

24.82

35.81

HI-Green Carbon Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Days Sales Outstanding	Get a 7-Day Free Trial			20.78	29.97	33.95	38.06	41.34

Competitive Comparison of HI-Green Carbon's Days Sales Outstanding

For the Specialty Chemicals subindustry, HI-Green Carbon'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.

HI-Green Carbon's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, HI-Green Carbon's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where HI-Green Carbon's Days Sales Outstanding falls into.

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HI-Green Carbon 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.

HI-Green Carbon'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
=	( (56.212	+	78.134)	/	2 )	/	684.759	*	365
=	67.173					/	684.759	*	365
=	35.81

HI-Green Carbon's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding (Q: Sep. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2024 )	+	Accounts Receivable (A: Sep. 2024 ))	/	count )	/	Revenue (A: Sep. 2024 )	*	Days in Period
=	( (78.134	+	85.384)	/	2 )	/	360.918	*	365 / 2
=	81.759					/	360.918	*	365 / 2
=	41.34

HI-Green Carbon (NSE:HIGREEN) Days Sales Outstanding Explanation

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

HI-Green Carbon Days Sales Outstanding Related Terms

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HI-Green Carbon Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » HI-Green Carbon Ltd (NSE:HIGREEN) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

G-557, Lodhika Industrial Estate, Metoda G.I.D.C. Gate No. 3, Metoda, Lodhika, Rajkot, GJ, IND, 360021

Website

https://www.higreencarbon.com

HI-Green Carbon Ltd is engaged in the business of waste tyres recycling. Its manufacturing plant operates on a continuous pyrolysis process. It is an uninterrupted working method with a continuous feeding and discharging system controlled by the program logic controller system. The company processes end-of-life tyres (ELTs) pieces to produce energy components and raw materials. Its products are Recovered Carbon Black (rCB) and Steel Wires under the Raw Material Category and fuel Oil and Synthesis Gas under the Energy components category.

HI-Green Carbon Headlines

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