Nitiraj Engineers (NSE:NITIRAJ) Days Sales Outstanding : 17.40 (As of Dec. 2023)

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What is Nitiraj Engineers Days Sales Outstanding?

Nitiraj Engineers's average Accounts Receivable for the three months ended in Dec. 2023 was ₹38.6 Mil. Nitiraj Engineers's Revenue for the three months ended in Dec. 2023 was ₹202.5 Mil. Hence, Nitiraj Engineers's Days Sales Outstanding for the three months ended in Dec. 2023 was 17.40.

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

NSE:NITIRAJ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 30.38 Med: 59.28 Max: 94.6
Current: 30.38

During the past 12 years, Nitiraj Engineers's highest Days Sales Outstanding was 94.60. The lowest was 30.38. And the median was 59.28.

NSE:NITIRAJ's Days Sales Outstanding is ranked better than
92.85% of 2460 companies
in the Hardware industry
Industry Median: 74.5 vs NSE:NITIRAJ: 30.38

Nitiraj Engineers's Days Sales Outstanding declined from Dec. 2022 (35.44) to Dec. 2023 (17.40).

Nitiraj Engineers Days Sales Outstanding Historical Data

The historical data trend for Nitiraj Engineers'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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Nitiraj Engineers Days Sales Outstanding Chart

Nitiraj Engineers Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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66.29

94.60

62.39

78.65

58.49

Nitiraj Engineers Quarterly Data
	Mar18	Sep18	Mar19	Sep19	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															35.44	52.32	50.83	22.14	17.40

Competitive Comparison of Nitiraj Engineers's Days Sales Outstanding

For the Scientific & Technical Instruments subindustry, Nitiraj Engineers'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.

Nitiraj Engineers's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Nitiraj Engineers's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Nitiraj Engineers's Days Sales Outstanding falls into.

Nitiraj Engineers 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.

Nitiraj Engineers'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
=	( (82.475	+	65.206)	/	2 )	/	460.795	*	365
=	73.8405					/	460.795	*	365
=	58.49

Nitiraj Engineers'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
=	( (38.599	+	0)	/	1 )	/	202.464	*	365 / 4
=	38.599					/	202.464	*	365 / 4
=	17.40

Nitiraj Engineers (NSE:NITIRAJ) Days Sales Outstanding Explanation

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

Nitiraj Engineers Days Sales Outstanding Related Terms

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Nitiraj Engineers (NSE:NITIRAJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nitiraj Engineers Ltd (NSE:NITIRAJ) » Definitions » Days Sales Outstanding

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Address

Plot NO J25, J26,MIDC Awadhan,, Dhule, MH, IND, 424006

Website

https://www.nitiraj.net

Nitiraj Engineers Ltd offers measure and counting devices in India. It operates in five broad segments i.e., Electronic Weighing Scales and Systems, Electronic Currency Counting Machines, and Digital Fare Meters, Home and Hotel Automation, and Mechanical Scales. The company generates maximum revenue from the Electronic Weighing Scales and Systems segment. Its diverse product portfolio caters to various sectors such as industrial, commercial, jewellery, healthcare, household, automobile, and home and hotel. Geographically it derives a majority of its revenue from India.

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