North Eastern Carrying (NSE:NECCLTD) Days Sales Outstanding : 116.39 (As of Dec. 2023)

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What is North Eastern Carrying Days Sales Outstanding?

North Eastern Carrying's average Accounts Receivable for the three months ended in Dec. 2023 was ₹1,092 Mil. North Eastern Carrying's Revenue for the three months ended in Dec. 2023 was ₹856 Mil. Hence, North Eastern Carrying's Days Sales Outstanding for the three months ended in Dec. 2023 was 116.39.

The historical rank and industry rank for North Eastern Carrying's Days Sales Outstanding or its related term are showing as below:

NSE:NECCLTD' s Days Sales Outstanding Range Over the Past 10 Years
Min: 68.03 Med: 107.77 Max: 173.87
Current: 126.35

During the past 13 years, North Eastern Carrying's highest Days Sales Outstanding was 173.87. The lowest was 68.03. And the median was 107.77.

NSE:NECCLTD's Days Sales Outstanding is ranked worse than
90.66% of 964 companies
in the Transportation industry
Industry Median: 45.835 vs NSE:NECCLTD: 126.35

North Eastern Carrying's Days Sales Outstanding declined from Dec. 2022 (131.96) to Dec. 2023 (116.39).

North Eastern Carrying Days Sales Outstanding Historical Data

The historical data trend for North Eastern Carrying'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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North Eastern Carrying Days Sales Outstanding Chart

North Eastern Carrying Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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110.39

109.19

173.87

153.18

131.94

North Eastern Carrying Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															131.96	143.43	125.53	134.92	116.39

Competitive Comparison of North Eastern Carrying's Days Sales Outstanding

For the Trucking subindustry, North Eastern Carrying'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.

North Eastern Carrying's Days Sales Outstanding Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, North Eastern Carrying's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where North Eastern Carrying's Days Sales Outstanding falls into.

North Eastern Carrying 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.

North Eastern Carrying's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (1058.598	+	1153.52)	/	2 )	/	3059.922	*	365
=	1106.059					/	3059.922	*	365
=	131.94

North Eastern Carrying's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (1091.693	+	0)	/	1 )	/	855.855	*	365 / 4
=	1091.693					/	855.855	*	365 / 4
=	116.39

North Eastern Carrying (NSE:NECCLTD) Days Sales Outstanding Explanation

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

North Eastern Carrying Days Sales Outstanding Related Terms

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North Eastern Carrying (NSE:NECCLTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » North Eastern Carrying Corp Ltd (NSE:NECCLTD) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

534615:India

Address

Ram Bagh Road, Azad Market, NECC House, 9062/47, Delhi, IND, 110006

Website

https://www.neccgroup.com

North Eastern Carrying Corp Ltd is engaged in the business of transportation. The firm offers freight management and customized logistics solutions. NECC offers; Parcel load movement; Full truckload services; Containerized movement of cargo; ODC Movement: Bulk Movement: Storage facility, and other transport-related services. Geographically the company has a presence in Nepal and operational setups in Bhutan and Bangladesh. It generates substantial revenue from Freight.

North Eastern Carrying (NSE:NECCLTD) Headlines

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