Parin Enterprises (NSE:PARIN) Days Sales Outstanding : 206.80 (As of Sep. 2024)

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What is Parin Enterprises Days Sales Outstanding?

Parin Enterprises's average Accounts Receivable for the six months ended in Sep. 2024 was ₹408.3 Mil. Parin Enterprises's Revenue for the six months ended in Sep. 2024 was ₹360.3 Mil. Hence, Parin Enterprises's Days Sales Outstanding for the six months ended in Sep. 2024 was 206.80.

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

NSE:PARIN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 56.85 Med: 114.48 Max: 235.25
Current: 235.25

During the past 11 years, Parin Enterprises's highest Days Sales Outstanding was 235.25. The lowest was 56.85. And the median was 114.48.

NSE:PARIN's Days Sales Outstanding is ranked worse than
98.83% of 427 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 52.51 vs NSE:PARIN: 235.25

Parin Enterprises's Days Sales Outstanding declined from Sep. 2023 (210.37) to Sep. 2024 (206.80).

Parin Enterprises Days Sales Outstanding Historical Data

The historical data trend for Parin Enterprises'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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Parin Enterprises Days Sales Outstanding Chart

Parin Enterprises Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

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119.12

137.79

186.12

232.00

220.34

Parin Enterprises Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Days Sales Outstanding	Get a 7-Day Free Trial													354.08	150.96	210.37	255.08	206.80

Competitive Comparison of Parin Enterprises's Days Sales Outstanding

For the Furnishings, Fixtures & Appliances subindustry, Parin Enterprises'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.

Parin Enterprises's Days Sales Outstanding Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Parin Enterprises's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Parin Enterprises's Days Sales Outstanding falls into.

Parin Enterprises 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.

Parin Enterprises'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
=	( (578.538	+	410.642)	/	2 )	/	819.295	*	365
=	494.59					/	819.295	*	365
=	220.34

Parin Enterprises's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding (Q: Sep. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2024 )	+	Accounts Receivable (A: Sep. 2024 ))	/	count )	/	Revenue (A: Sep. 2024 )	*	Days in Period
=	( (410.642	+	405.892)	/	2 )	/	360.299	*	365 / 2
=	408.267					/	360.299	*	365 / 2
=	206.80

Parin Enterprises (NSE:PARIN) Days Sales Outstanding Explanation

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

Parin Enterprises Days Sales Outstanding Related Terms

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Parin Enterprises Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Parin Enterprises Ltd (NSE:PARIN) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Taluka Gondal , National Highway 8B, Plot No. 1, 2 & 3, Revenue Survey No. 33, Billayala village, Rajkot, GJ, IND, 360311

Website

https://www.parinfurniture.com

Parin Enterprises Ltd formerly, Parin Furniture Ltd is engaged in manufacturing furniture, fixtures & related items. The company offers home furniture, office furniture, hospital furniture, educational furniture, and Institutional furniture. It generates its revenue from the sale of furniture products and interest income.

Parin Enterprises Headlines

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