Surani Steel Tubes (NSE:SURANI) Days Sales Outstanding : 3.86 (As of Mar. 2024)

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What is Surani Steel Tubes Days Sales Outstanding?

Surani Steel Tubes's average Accounts Receivable for the six months ended in Mar. 2024 was ₹19 Mil. Surani Steel Tubes's Revenue for the six months ended in Mar. 2024 was ₹905 Mil. Hence, Surani Steel Tubes's Days Sales Outstanding for the six months ended in Mar. 2024 was 3.86.

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

NSE:SURANI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 13.44 Med: 25.71 Max: 33.45
Current: 13.44

During the past 11 years, Surani Steel Tubes's highest Days Sales Outstanding was 33.45. The lowest was 13.44. And the median was 25.71.

NSE:SURANI's Days Sales Outstanding is ranked better than
87.44% of 597 companies
in the Steel industry
Industry Median: 48.98 vs NSE:SURANI: 13.44

Surani Steel Tubes's Days Sales Outstanding declined from Mar. 2023 (37.50) to Mar. 2024 (3.86).

Surani Steel Tubes Days Sales Outstanding Historical Data

The historical data trend for Surani Steel Tubes'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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Surani Steel Tubes Days Sales Outstanding Chart

Surani Steel Tubes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

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22.95

22.52

16.59

27.06

17.17

Surani Steel Tubes Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial											-	15.59	37.50	22.36	3.86

Competitive Comparison of Surani Steel Tubes's Days Sales Outstanding

For the Steel subindustry, Surani Steel Tubes'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.

Surani Steel Tubes's Days Sales Outstanding Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Surani Steel Tubes's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Surani Steel Tubes's Days Sales Outstanding falls into.

Surani Steel Tubes 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.

Surani Steel Tubes'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
=	( (132.982	+	12.999)	/	2 )	/	1551.354	*	365
=	72.9905					/	1551.354	*	365
=	17.17

Surani Steel Tubes'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: Sep. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (25.342	+	12.999)	/	2 )	/	905.215	*	365 / 2
=	19.1705					/	905.215	*	365 / 2
=	3.86

Surani Steel Tubes (NSE:SURANI) Days Sales Outstanding Explanation

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

Surani Steel Tubes Days Sales Outstanding Related Terms

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Surani Steel Tubes (NSE:SURANI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Surani Steel Tubes Ltd (NSE:SURANI) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

Bayad Road, Sr. No. 110,115, Opposite Vinayak TMT, Village Sampa, Taluka Dahegam, Gandhinagar, GJ, IND, 382315

Website

https://www.suranisteel.com

Surani Steel Tubes Ltd is engaged in manufacturing and supplying ERW pipes and steel tubes. The company operates a single segment named manufacturing ERW MS PIPES and trading of MS PIPE. The company's products include ERW Round Pipes and Tubes, Square and Rectangle Hollow Sections, MS Slit Coils and Strips, Hot Roll Coils, and Brochures. Geographically, it operates only in India.

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