Honeywell Flour Mills (NSA:HFM) Days Sales Outstanding : 5.08 (As of Mar. 2023)

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What is Honeywell Flour Mills Days Sales Outstanding?

Honeywell Flour Mills's average Accounts Receivable for the six months ended in Mar. 2023 was ₦2,051 Mil. Honeywell Flour Mills's Revenue for the six months ended in Mar. 2023 was ₦147,351 Mil. Hence, Honeywell Flour Mills's Days Sales Outstanding for the six months ended in Mar. 2023 was 2.54.

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

NSA:HFM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 3.38 Med: 5.28 Max: 13.49
Current: 5.08

During the past 13 years, Honeywell Flour Mills's highest Days Sales Outstanding was 13.49. The lowest was 3.38. And the median was 5.28.

NSA:HFM's Days Sales Outstanding is ranked better than
95.43% of 1838 companies
in the Consumer Packaged Goods industry
Industry Median: 39.185 vs NSA:HFM: 5.08

Honeywell Flour Mills's Days Sales Outstanding declined from Mar. 2021 (13.22) to Mar. 2023 (5.08).

Honeywell Flour Mills Days Sales Outstanding Historical Data

The historical data trend for Honeywell Flour Mills'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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Honeywell Flour Mills Days Sales Outstanding Chart

Honeywell Flour Mills Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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3.88

13.49

13.22

8.12

5.08

Honeywell Flour Mills Semi-Annual Data
	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Days Sales Outstanding	Get a 7-Day Free Trial									3.88	13.49	13.22	8.12	5.08

Competitive Comparison of Honeywell Flour Mills's Days Sales Outstanding

For the Packaged Foods subindustry, Honeywell Flour Mills'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.

Honeywell Flour Mills's Days Sales Outstanding Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Honeywell Flour Mills's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Honeywell Flour Mills's Days Sales Outstanding falls into.

Honeywell Flour Mills 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.

Honeywell Flour Mills'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
=	( (2951.783	+	1150.403)	/	2 )	/	147350.739	*	365
=	2051.093					/	147350.739	*	365
=	5.08

Honeywell Flour Mills'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
=	( (2951.783	+	1150.403)	/	2 )	/	147350.739	*	365 / 2
=	2051.093					/	147350.739	*	365 / 2
=	2.54

Honeywell Flour Mills (NSA:HFM) Days Sales Outstanding Explanation

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

Honeywell Flour Mills Days Sales Outstanding Related Terms

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Honeywell Flour Mills (NSA:HFM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Honeywell Flour Mills PLC (NSA:HFM) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

2nd Gate Bye-Pass, Tin Can Island, Apapa, Lagos, NGA

Website

https://www.honeywellflour.com

Honeywell Flour Mills PLC is a Nigeria-based company. It is engaged in the manufacturing of wheat-based products such as flour, semolina, whole wheat meal, noodles, and pasta. The company operates its business through geographical segments that are Ikeja, which manufacture noodles; Sagamu segment manufactures Pasta and Apapa, which manufactures flour, semolina, wheat meal, brown flour and Baker's delight flour. The Apapa generates maximum revenue for the company. The company offers its services throughout Nigeria region.

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