Lanka Milk Foods (CWE) (COL:LMF.N0000) Days Sales Outstanding : 35.22 (As of Dec. 2023)

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What is Lanka Milk Foods (CWE) Days Sales Outstanding?

Lanka Milk Foods (CWE)'s average Accounts Receivable for the three months ended in Dec. 2023 was රු1,647 Mil. Lanka Milk Foods (CWE)'s Revenue for the three months ended in Dec. 2023 was රු4,268 Mil. Hence, Lanka Milk Foods (CWE)'s Days Sales Outstanding for the three months ended in Dec. 2023 was 35.22.

The historical rank and industry rank for Lanka Milk Foods (CWE)'s Days Sales Outstanding or its related term are showing as below:

COL:LMF.N0000' s Days Sales Outstanding Range Over the Past 10 Years
Min: 22.23 Med: 33 Max: 38.69
Current: 30.23

During the past 13 years, Lanka Milk Foods (CWE)'s highest Days Sales Outstanding was 38.69. The lowest was 22.23. And the median was 33.00.

COL:LMF.N0000's Days Sales Outstanding is ranked better than
64.33% of 1839 companies
in the Consumer Packaged Goods industry
Industry Median: 39.18 vs COL:LMF.N0000: 30.23

Lanka Milk Foods (CWE)'s Days Sales Outstanding increased from Dec. 2022 (25.93) to Dec. 2023 (35.22).

Lanka Milk Foods (CWE) Days Sales Outstanding Historical Data

The historical data trend for Lanka Milk Foods (CWE)'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.

Lanka Milk Foods (CWE) Days Sales Outstanding Chart

Lanka Milk Foods (CWE) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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34.25

33.19

32.81

26.78

22.23

Lanka Milk Foods (CWE) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															25.93	29.65	23.16	28.39	35.22

Competitive Comparison of Lanka Milk Foods (CWE)'s Days Sales Outstanding

For the Packaged Foods subindustry, Lanka Milk Foods (CWE)'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.

Lanka Milk Foods (CWE)'s Days Sales Outstanding Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Lanka Milk Foods (CWE)'s Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Lanka Milk Foods (CWE)'s Days Sales Outstanding falls into.

Lanka Milk Foods (CWE) 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.

Lanka Milk Foods (CWE)'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
=	( (787.959	+	938.334)	/	2 )	/	14171.501	*	365
=	863.1465					/	14171.501	*	365
=	22.23

Lanka Milk Foods (CWE)'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
=	( (1455.118	+	1839.196)	/	2 )	/	4267.928	*	365 / 4
=	1647.157					/	4267.928	*	365 / 4
=	35.22

Lanka Milk Foods (CWE) (COL:LMF.N0000) Days Sales Outstanding Explanation

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

Lanka Milk Foods (CWE) Days Sales Outstanding Related Terms

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Lanka Milk Foods (CWE) (COL:LMF.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Lanka Milk Foods (CWE) PLC (COL:LMF.N0000) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 579/1, Welisara, Ragama, LKA

Website

https://www.lmfgroup.lk

Lanka Milk Foods (CWE) PLC is engaged in the business of importing, packing, manufacturing, marketing, and distributing milk allied products. The company's operating segment includes Powdered Milk; Liquid Milk and Others, Agriculture and Trading. It generates maximum revenue from the Liquid Milk and Others segment. The Liquid Milk and Others segment includes the operating chain of packing and selling of UHT products, Daily, Ambewela Farm Fresh Milk, and fruit juice.

Lanka Milk Foods (CWE) (COL:LMF.N0000) Headlines

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