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The Hi-Tech Gears (NSE:HITECHGEAR) Days Sales Outstanding : 65.17 (As of Mar. 2024)


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What is The Hi-Tech Gears Days Sales Outstanding?

The Hi-Tech Gears's average Accounts Receivable for the three months ended in Mar. 2024 was ₹2,004 Mil. The Hi-Tech Gears's Revenue for the three months ended in Mar. 2024 was ₹2,806 Mil. Hence, The Hi-Tech Gears's Days Sales Outstanding for the three months ended in Mar. 2024 was 65.17.

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

NSE:HITECHGEAR' s Days Sales Outstanding Range Over the Past 10 Years
Min: 49.1   Med: 63.44   Max: 69.73
Current: 69.05

During the past 13 years, The Hi-Tech Gears's highest Days Sales Outstanding was 69.73. The lowest was 49.10. And the median was 63.44.

NSE:HITECHGEAR's Days Sales Outstanding is ranked worse than
61.43% of 1273 companies
in the Vehicles & Parts industry
Industry Median: 60.24 vs NSE:HITECHGEAR: 69.05

The Hi-Tech Gears's Days Sales Outstanding declined from Mar. 2023 (68.09) to Mar. 2024 (65.17).


The Hi-Tech Gears Days Sales Outstanding Historical Data

The historical data trend for The Hi-Tech Gears'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.

The Hi-Tech Gears Days Sales Outstanding Chart

The Hi-Tech Gears Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 67.36 60.18 62.31 61.22 68.88

The Hi-Tech Gears 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 68.09 73.79 67.73 70.25 65.17

Competitive Comparison of The Hi-Tech Gears's Days Sales Outstanding

For the Auto Parts subindustry, The Hi-Tech Gears'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.


The Hi-Tech Gears's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, The Hi-Tech Gears's Days Sales Outstanding distribution charts can be found below:

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



The Hi-Tech Gears 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.

The Hi-Tech Gears'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
=( (2086.43 + 2004.1) / 2 ) / 10837.72*365
=2045.265 / 10837.72*365
=68.88

The Hi-Tech Gears'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 + 2004.1) / 1 ) / 2805.95*365 / 4
=2004.1 / 2805.95*365 / 4
=65.17

* 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.


The Hi-Tech Gears  (NSE:HITECHGEAR) Days Sales Outstanding Explanation

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


The Hi-Tech Gears Days Sales Outstanding Related Terms

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The Hi-Tech Gears (NSE:HITECHGEAR) Business Description

Traded in Other Exchanges
Address
Sushant Lok 1, Sector 27, Tower B, 14th Floor, Unitech's Millennium plaza, Gurugram, HR, IND, 122009
The Hi-Tech Gears Ltd is a manufacturer of auto components. The company is primarily engaged in the business of gears and transmission components. It provides diverse parts and accessories for motor vehicles such as brakes, gearboxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, catalyzer, clutches, steering wheels, steering columns and steering boxes. The company's product includes power takeoff, car transmission and driveline components, precision forging or precision machining, and machined sintered components. Geographically, it derives a majority of revenue from India.

The Hi-Tech Gears (NSE:HITECHGEAR) Headlines

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