Machhar Industries (BOM:543934) Days Sales Outstanding : 20.96 (As of Sep. 2023)

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What is Machhar Industries Days Sales Outstanding?

Machhar Industries's average Accounts Receivable for the six months ended in Sep. 2023 was ₹9.1 Mil. Machhar Industries's Revenue for the six months ended in Sep. 2023 was ₹79.2 Mil. Hence, Machhar Industries's Days Sales Outstanding for the six months ended in Sep. 2023 was 20.96.

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

BOM:543934' s Days Sales Outstanding Range Over the Past 10 Years
Min: 19.76 Med: 33.79 Max: 36.62
Current: 19.76

During the past 5 years, Machhar Industries's highest Days Sales Outstanding was 36.62. The lowest was 19.76. And the median was 33.79.

BOM:543934's Days Sales Outstanding is ranked better than
92.28% of 1529 companies
in the Chemicals industry
Industry Median: 64.13 vs BOM:543934: 19.76

Machhar Industries's Days Sales Outstanding declined from Sep. 2022 (38.69) to Sep. 2023 (20.96).

Machhar Industries Days Sales Outstanding Historical Data

The historical data trend for Machhar Industries'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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Machhar Industries Days Sales Outstanding Chart

Machhar Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

36.62

33.42

34.62

33.79

27.63

Machhar Industries Semi-Annual Data
	Mar19	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial			-	-	38.69	17.33	20.96

Competitive Comparison of Machhar Industries's Days Sales Outstanding

For the Specialty Chemicals subindustry, Machhar Industries'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.

Machhar Industries's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Machhar Industries's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Machhar Industries's Days Sales Outstanding falls into.

Machhar Industries 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.

Machhar Industries'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
=	( (17.54	+	8.432)	/	2 )	/	171.522	*	365
=	12.986					/	171.522	*	365
=	27.63

Machhar Industries's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (8.432	+	9.751)	/	2 )	/	79.176	*	365 / 2
=	9.0915					/	79.176	*	365 / 2
=	20.96

Machhar Industries (BOM:543934) Days Sales Outstanding Explanation

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

Machhar Industries Days Sales Outstanding Related Terms

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Machhar Industries (BOM:543934) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Machhar Industries Ltd (BOM:543934) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalna Road, Mondha Naka, City Pride Building, 1st Floor, FF-107, Above Domino’s, Aurangabad, MH, IND, 431001

Website

https://www.machharind.com

Machhar Industries Ltd operates with three distinct divisions: the explosive division, the transportation division, and Adblue (DEF). The company generates maximum revenue from the Transportation division.

Machhar Industries (BOM:543934) Headlines

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