TGB Banquets & Hotels (BOM:532845) Days Sales Outstanding : 74.78 (As of Dec. 2023)

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What is TGB Banquets & Hotels Days Sales Outstanding?

TGB Banquets & Hotels's average Accounts Receivable for the three months ended in Dec. 2023 was ₹88.4 Mil. TGB Banquets & Hotels's Revenue for the three months ended in Dec. 2023 was ₹107.8 Mil. Hence, TGB Banquets & Hotels's Days Sales Outstanding for the three months ended in Dec. 2023 was 74.78.

The historical rank and industry rank for TGB Banquets & Hotels's Days Sales Outstanding or its related term are showing as below:

BOM:532845' s Days Sales Outstanding Range Over the Past 10 Years
Min: 43.54 Med: 89.43 Max: 256.58
Current: 92.03

During the past 13 years, TGB Banquets & Hotels's highest Days Sales Outstanding was 256.58. The lowest was 43.54. And the median was 89.43.

BOM:532845's Days Sales Outstanding is ranked worse than
88.68% of 804 companies
in the Travel & Leisure industry
Industry Median: 29.25 vs BOM:532845: 92.03

TGB Banquets & Hotels's Days Sales Outstanding declined from Dec. 2022 (104.96) to Dec. 2023 (74.78).

TGB Banquets & Hotels Days Sales Outstanding Historical Data

The historical data trend for TGB Banquets & Hotels'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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TGB Banquets & Hotels Days Sales Outstanding Chart

TGB Banquets & Hotels Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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96.38

69.75

256.58

144.26

93.03

TGB Banquets & Hotels Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															104.96	80.53	101.68	92.33	74.78

Competitive Comparison of TGB Banquets & Hotels's Days Sales Outstanding

For the Lodging subindustry, TGB Banquets & Hotels'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.

TGB Banquets & Hotels's Days Sales Outstanding Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, TGB Banquets & Hotels's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where TGB Banquets & Hotels's Days Sales Outstanding falls into.

TGB Banquets & Hotels 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.

TGB Banquets & Hotels'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
=	( (110.133	+	85.499)	/	2 )	/	383.764	*	365
=	97.816					/	383.764	*	365
=	93.03

TGB Banquets & Hotels'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
=	( (88.361	+	0)	/	1 )	/	107.816	*	365 / 4
=	88.361					/	107.816	*	365 / 4
=	74.78

TGB Banquets & Hotels (BOM:532845) Days Sales Outstanding Explanation

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

TGB Banquets & Hotels Days Sales Outstanding Related Terms

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TGB Banquets & Hotels (BOM:532845) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » TGB Banquets & Hotels Ltd (BOM:532845) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

TGBHOTELS:India

Address

S.G. Road, The Grand Bhagwati, Plot no. 380, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.thegrandbhagwati.com

TGB Banquets & Hotels Ltd is an Indian company engaged in the lodging business sector. The firm operates hotels, restaurants, and banquets. It operates under the brand name The Grand Bhagwati, also known as TGB in India. Other activities of the company include the provision of catering services. It derives revenue from rooms, food and beverages, and allied services relating to hotel operations.

TGB Banquets & Hotels (BOM:532845) Headlines

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