Tips Music (NSE:TIPSMUSIC) Days Sales Outstanding : 32.00 (As of Sep. 2024)

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What is Tips Music Days Sales Outstanding?

Tips Music's average Accounts Receivable for the three months ended in Sep. 2024 was ₹283 Mil. Tips Music's Revenue for the three months ended in Sep. 2024 was ₹806 Mil. Hence, Tips Music's Days Sales Outstanding for the three months ended in Sep. 2024 was 32.00.

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

NSE:TIPSMUSIC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 14.59 Med: 44.5 Max: 75.34
Current: 34.42

During the past 13 years, Tips Music's highest Days Sales Outstanding was 75.34. The lowest was 14.59. And the median was 44.50.

NSE:TIPSMUSIC's Days Sales Outstanding is ranked better than
80.75% of 1034 companies
in the Media - Diversified industry
Industry Median: 66.36 vs NSE:TIPSMUSIC: 34.42

Tips Music's Days Sales Outstanding declined from Sep. 2023 (38.01) to Sep. 2024 (32.00).

Tips Music Days Sales Outstanding Historical Data

The historical data trend for Tips Music'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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Tips Music Days Sales Outstanding Chart

Tips Music Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

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57.60

66.96

44.41

37.31

35.21

Tips Music Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Sales Outstanding	Get a 7-Day Free Trial															38.01	35.69	37.99	32.51	32.00

Competitive Comparison of Tips Music's Days Sales Outstanding

For the Entertainment subindustry, Tips Music'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.

Tips Music's Days Sales Outstanding Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Tips Music's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Tips Music's Days Sales Outstanding falls into.

Tips Music 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.

Tips Music'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
=	( (202.692	+	263.372)	/	2 )	/	2415.807	*	365
=	233.032					/	2415.807	*	365
=	35.21

Tips Music'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: Jun. 2024 )	+	Accounts Receivable (A: Sep. 2024 ))	/	count )	/	Revenue (A: Sep. 2024 )	*	Days in Period
=	( (0	+	282.682)	/	1 )	/	806.121	*	365 / 4
=	282.682					/	806.121	*	365 / 4
=	32.00

Tips Music (NSE:TIPSMUSIC) Days Sales Outstanding Explanation

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

Tips Music Days Sales Outstanding Related Terms

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Tips Music Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Tips Music Ltd (NSE:TIPSMUSIC) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

532375:India

Address

Linking Road and Main Avenue, 2nd Floor, Raheja Chambers, Santacruz(West), Mumbai, MH, IND, 400054

Website

https://www.tips.in

Tips Music Ltd formerly TIPS Industries Ltd operates in the media and entertainment industry. The principal business activities of the company include the production and distribution of cinematographic films and the exploitation of its content on various platforms. The company has structured its operations into a single business segment, Music (Audio/ Video). Geographically, the company generates maximum revenue from international markets.

Tips Music Headlines

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