Ratnaveer Precision Engineering (BOM:543978) Days Sales Outstanding : 39.43 (As of Mar. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Ratnaveer Precision Engineering Days Sales Outstanding?

Ratnaveer Precision Engineering's average Accounts Receivable for the six months ended in Mar. 2023 was ₹518 Mil. Ratnaveer Precision Engineering's Revenue for the six months ended in Mar. 2023 was ₹4,797 Mil. Hence, Ratnaveer Precision Engineering's Days Sales Outstanding for the six months ended in Mar. 2023 was 19.72.

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

BOM:543978' s Days Sales Outstanding Range Over the Past 10 Years
Min: 31.44 Med: 44.39 Max: 78.6
Current: 39.43

During the past 4 years, Ratnaveer Precision Engineering's highest Days Sales Outstanding was 78.60. The lowest was 31.44. And the median was 44.39.

BOM:543978's Days Sales Outstanding is ranked better than
60.57% of 596 companies
in the Steel industry
Industry Median: 49.815 vs BOM:543978: 39.43

Ratnaveer Precision Engineering's Days Sales Outstanding declined from Mar. 2021 (49.34) to Mar. 2023 (39.43).

Ratnaveer Precision Engineering Days Sales Outstanding Historical Data

The historical data trend for Ratnaveer Precision Engineering'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 members only.

Ratnaveer Precision Engineering Days Sales Outstanding Chart

Ratnaveer Precision Engineering Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

78.60

49.34

31.44

39.43

Ratnaveer Precision Engineering Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Days Sales Outstanding	78.60	49.34	31.44	39.43

Competitive Comparison of Ratnaveer Precision Engineering's Days Sales Outstanding

For the Steel subindustry, Ratnaveer Precision Engineering'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.

Ratnaveer Precision Engineering's Days Sales Outstanding Distribution in the Steel Industry

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

* The bar in red indicates where Ratnaveer Precision Engineering's Days Sales Outstanding falls into.

Ratnaveer Precision Engineering 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.

Ratnaveer Precision Engineering'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
=	( (402.89	+	633.72)	/	2 )	/	4797.3	*	365
=	518.305					/	4797.3	*	365
=	39.43

Ratnaveer Precision Engineering's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding (Q: 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
=	( (402.89	+	633.72)	/	2 )	/	4797.3	*	365 / 2
=	518.305					/	4797.3	*	365 / 2
=	19.72

Ratnaveer Precision Engineering (BOM:543978) Days Sales Outstanding Explanation

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

Ratnaveer Precision Engineering Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Ratnaveer Precision Engineering's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Ratnaveer Precision Engineering (BOM:543978) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ratnaveer Precision Engineering Ltd (BOM:543978) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

RATNAVEER:India

Address

Plot no. E-77, G.I.D.C, Savli (Manjusar), Vadodara, GJ, IND, 391 775

Website

https://www.ratnaveer.com

Ratnaveer Precision Engineering Ltd is a stainless steel (SS) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes. It manufactures finishing sheets, washers and solar mounting hooks at Unit I and SS pipes & tubes at Unit II. Unit III and Unit IV are dedicated to the backward integration process where Unit III is the melting unit where the company melts steel scrap and turns it into steel ingots and Unit IV is the rolling unit where flat ingots are further processed to turn them into sheets which are the raw material for washers.

Ratnaveer Precision Engineering (BOM:543978) Headlines

No Headlines