Premium Plast (NSE:PREMIUM) Days Sales Outstanding: 42.50 (As of Mar. 2024)


NSE:PREMIUM Premium Plast Ltd NSE:PREMIUM
20 GF Score
Price ₹41.15
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What is Premium Plast Days Sales Outstanding?

Premium Plast NSE:PREMIUM +8.29% 20 Days Sales Outstanding is 42.50 as of Mar. 2024. GuruFocus rates NSE:PREMIUM with a GF Score™ of 20/100.

Premium Plast's average Accounts Receivable for the six months ended in Mar. 2024 was ₹54.4 Mil. Premium Plast's Revenue for the six months ended in Mar. 2024 was ₹467.1 Mil. Hence, Premium Plast's Days Sales Outstanding for the six months ended in Mar. 2024 was 21.25.

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

NSE:PREMIUM's Days Sales Outstanding is not ranked *
in the Vehicles & Parts industry.
Industry Median: 61
* Ranked among companies with meaningful Days Sales Outstanding only.

Premium Plast's Days Sales Outstanding declined from Mar. 2022 (47.05) to Mar. 2024 (42.50).

Premium Plast  (NSE:PREMIUM) Days Sales Outstanding Explanation

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

Premium Plast Days Sales Outstanding Related Terms

Premium Plast Days Sales Outstanding Historical Data

* Premium members only.

The historical data trend for Premium Plast'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 Plast Days Sales Outstanding Chart

Premium Plast Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Days Sales Outstanding
68.47 47.05 36.94 42.50

Premium Plast Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
Days Sales Outstanding 68.47 47.05 36.94 42.50

NSE:PREMIUM vs ORLY, AZO, GPC: Days Sales Outstanding Comparison

For the Auto Parts subindustry, Premium Plast'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.

Premium Plast Days Sales Outstanding vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Premium Plast's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Premium Plast's Days Sales Outstanding falls into.


NSE:PREMIUM
20GF Score
Premium Plast Ltd NSE:PREMIUM
Days Sales Outstanding is just one metric. See GF Score™, valuation, warning signs, and more.
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Premium Plast 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.

Premium Plast'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
=( (61.7 + 47.064) / 2 ) / 467.059*365
=54.382 / 467.059*365
=42.50

Premium Plast'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
=( (61.7 + 47.064) / 2 ) / 467.059*365 / 2
=54.382 / 467.059*365 / 2
=21.25

* 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.

Frequently Asked Questions Learn more about Days Sales Outstanding →
What does a Days Sales Outstanding of 42.50 mean?
Premium Plast (NSE:PREMIUM) has a Days Sales Outstanding of 42.50 as of Mar. 2024. Days sales outstanding represents the average amount of days a company takes to collect receivables. View historical data on Premium Plast and its competitors.
Is Premium Plast's Days Sales Outstanding too high?
Premium Plast's current Days Sales Outstanding is 42.50. The Vehicles & Parts industry median Days Sales Outstanding is 61.00. Premium Plast's value of 42.50 is 30.3% below this industry median. Overall, Premium Plast has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Premium Plast's Days Sales Outstanding compare to ORLY and AZO?
Premium Plast's Days Sales Outstanding of 42.50 can be compared against companies in the Vehicles & Parts industry. The industry median Days Sales Outstanding is 61.00. Premium Plast's value of 42.50 is 30.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Sales Outstanding for a Vehicles & Parts company?
The median Days Sales Outstanding among Vehicles & Parts companies is 61.00, based on 1,320 companies in the industry. Companies in the top quartile (top 25%) have a Days Sales Outstanding significantly above this median, while those in the bottom quartile fall well below. However, Days Sales Outstanding should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Premium Plast's current Days Sales Outstanding of 42.50 is 30.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Sales Outstanding mean?
A high Days Sales Outstanding can signal that a stock is expensive relative to its fundamentals. Days sales outstanding represents the average amount of days a company takes to collect receivables. View historical data on Premium Plast and its competitors. For the Vehicles & Parts industry, the median Days Sales Outstanding is 61.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Premium Plast's current Days Sales Outstanding is 42.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Premium Plast stock overvalued right now?
Premium Plast (NSE:PREMIUM) has a current Days Sales Outstanding of 42.50. The current Days Sales Outstanding is 42.50 and 30.3% below the Vehicles & Parts industry median of 61.00. Premium Plast's overall GF Score™ is 20/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Sales Outstanding calculated?
Days Sales Outstanding is calculated from a company's financial statements. For Premium Plast (NSE:PREMIUM), the current Days Sales Outstanding is 42.50 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Premium Plast Business Description

Address Gala No 3, Shiv Shankar Industrial Estate No 1, Virar City (M Corp), Valiv, Vasai (East), Behind Burma Shell Petrol Pump, Palghar, Thane, MH, IND, 401 208
Premium Plast Ltd is engaged in design, manufacture and supply, exterior plastic components, interior cabin components, under the hood components to commercial vehicle OEMs directly and a plastic injection and blow mould components manufacturer. Its products include automotive parts, plastic industrial components and packaging components.
20GF Score

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Days Sales Outstanding is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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