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Credo Brands Marketing (NSE:MUFTI) Days Sales Outstanding : 112.44 (As of Mar. 2024)


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What is Credo Brands Marketing Days Sales Outstanding?

Credo Brands Marketing's average Accounts Receivable for the six months ended in Mar. 2024 was ₹1,748 Mil. Credo Brands Marketing's Revenue for the six months ended in Mar. 2024 was ₹5,673 Mil. Hence, Credo Brands Marketing's Days Sales Outstanding for the six months ended in Mar. 2024 was 56.22.

The historical rank and industry rank for Credo Brands Marketing's Days Sales Outstanding or its related term are showing as below:

NSE:MUFTI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 95.58   Med: 122.02   Max: 182.52
Current: 112.44

During the past 4 years, Credo Brands Marketing's highest Days Sales Outstanding was 182.52. The lowest was 95.58. And the median was 122.02.

NSE:MUFTI's Days Sales Outstanding is ranked worse than
91.67% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 18.15 vs NSE:MUFTI: 112.44

Credo Brands Marketing's Days Sales Outstanding declined from Mar. 2022 (131.60) to Mar. 2024 (112.44).

Credo Brands Marketing Days Sales Outstanding Historical Data

The historical data trend for Credo Brands Marketing'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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Credo Brands Marketing Days Sales Outstanding Chart

Credo Brands Marketing Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Days Sales Outstanding
182.52 131.60 95.58 112.44

Credo Brands Marketing Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
Days Sales Outstanding 182.52 131.60 95.58 112.44

Competitive Comparison of Credo Brands Marketing's Days Sales Outstanding

For the Apparel Retail subindustry, Credo Brands Marketing'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.

Credo Brands Marketing's Days Sales Outstanding Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Credo Brands Marketing's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Credo Brands Marketing's Days Sales Outstanding falls into.


Credo Brands Marketing 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.

Credo Brands Marketing'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
=( (1373.11 + 2122.41) / 2 ) / 5673.32*365
=1747.76 / 5673.32*365
=112.44

Credo Brands Marketing'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: Mar. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count ) / Revenue (A: Mar. 2024 )*Days in Period
=( (1373.11 + 2122.41) / 2 ) / 5673.32*365 / 2
=1747.76 / 5673.32*365 / 2
=56.22

* 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.

Credo Brands Marketing  (NSE:MUFTI) Days Sales Outstanding Explanation

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

Credo Brands Marketing Days Sales Outstanding Related Terms

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Credo Brands Marketing (NSE:MUFTI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Credo Brands Marketing Ltd (NSE:MUFTI) » Definitions » Days Sales Outstanding
Comparable Companies
Traded in Other Exchanges
544058:India
Address
B-8, MIDC Central Road, Marol, Next to MIDC Police Station, Andheri East, Mumbai, MH, IND, 400093
Website
https://www.credobrands.in
Credo Brands Marketing Ltd is a homegrown brand in the mid-premium and premium men's casual wear market in India. The product offerings range from shirts to t-shirts to jeans to chinos, which cater to all year-round clothing. The Company is primarily engaged in the business of retailing of Men's casual wear under its Brand MUFTI. The company generates the majority of its revenue from the sale of its products.

Credo Brands Marketing (NSE:MUFTI) Headlines

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