Hi-Tech Pipes (NSE:HITECH) Days Sales Outstanding : 37.54 (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Hi-Tech Pipes Days Sales Outstanding?

Hi-Tech Pipes's average Accounts Receivable for the three months ended in Mar. 2024 was ₹2,802 Mil. Hi-Tech Pipes's Revenue for the three months ended in Mar. 2024 was ₹6,810 Mil. Hence, Hi-Tech Pipes's Days Sales Outstanding for the three months ended in Mar. 2024 was 37.54.

The historical rank and industry rank for Hi-Tech Pipes's Days Sales Outstanding or its related term are showing as below:

NSE:HITECH' s Days Sales Outstanding Range Over the Past 10 Years
Min: 27 Med: 35.58 Max: 46.91
Current: 34.44

During the past 10 years, Hi-Tech Pipes's highest Days Sales Outstanding was 46.91. The lowest was 27.00. And the median was 35.58.

NSE:HITECH's Days Sales Outstanding is ranked better than
67.28% of 596 companies
in the Steel industry
Industry Median: 49.815 vs NSE:HITECH: 34.44

Hi-Tech Pipes's Days Sales Outstanding increased from Mar. 2023 (24.12) to Mar. 2024 (37.54).

Hi-Tech Pipes Days Sales Outstanding Historical Data

The historical data trend for Hi-Tech Pipes'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.

Hi-Tech Pipes Days Sales Outstanding Chart

Hi-Tech Pipes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

Get a 7-Day Free Trial

41.51

35.21

28.74

27.00

31.49

Hi-Tech Pipes 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															24.12	26.36	36.50	43.22	37.54

Competitive Comparison of Hi-Tech Pipes's Days Sales Outstanding

For the Steel subindustry, Hi-Tech Pipes'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-Tech Pipes's Days Sales Outstanding Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Hi-Tech Pipes's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Hi-Tech Pipes's Days Sales Outstanding falls into.

Hi-Tech Pipes 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-Tech Pipes'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
=	( (1855.225	+	2801.782)	/	2 )	/	26992.934	*	365
=	2328.5035					/	26992.934	*	365
=	31.49

Hi-Tech Pipes'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	+	2801.782)	/	1 )	/	6810.277	*	365 / 4
=	2801.782					/	6810.277	*	365 / 4
=	37.54

Hi-Tech Pipes (NSE:HITECH) 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-Tech Pipes Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Hi-Tech Pipes's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Hi-Tech Pipes (NSE:HITECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hi-Tech Pipes Ltd (NSE:HITECH) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

543411:India

Address

505, Pearls Omaxe Tower, Netaji Subhash Place, Pitampura, New Delhi, IND, 110034

Website

https://www.hitechpipes.in

Hi-Tech Pipes Ltd is engaged in the manufacturing and marketing of a wide range of steel tubes. Its products are used in different industries like Infrastructure including telecom, defense, power distribution, railways, airports, Construction, Agriculture, and others. The company's product includes Black Steel Tubes; Rectangular and Hollow sections; Galvanised Steel Tubes; Metal Beam Highway Crash Barrier; Cold Rolling Coils and Cold Formed Sections.

Hi-Tech Pipes (NSE:HITECH) Headlines

No Headlines