Signet Industries (NSE:SIGIND) Days Sales Outstanding : 97.71 (As of Dec. 2023)

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What is Signet Industries Days Sales Outstanding?

Signet Industries's average Accounts Receivable for the three months ended in Dec. 2023 was ₹3,333 Mil. Signet Industries's Revenue for the three months ended in Dec. 2023 was ₹3,113 Mil. Hence, Signet Industries's Days Sales Outstanding for the three months ended in Dec. 2023 was 97.71.

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

NSE:SIGIND' s Days Sales Outstanding Range Over the Past 10 Years
Min: 94.88 Med: 122.35 Max: 139.55
Current: 94.88

During the past 13 years, Signet Industries's highest Days Sales Outstanding was 139.55. The lowest was 94.88. And the median was 122.35.

NSE:SIGIND's Days Sales Outstanding is ranked worse than
77.03% of 1528 companies
in the Chemicals industry
Industry Median: 64.105 vs NSE:SIGIND: 94.88

Signet Industries's Days Sales Outstanding declined from Dec. 2022 (99.14) to Dec. 2023 (97.71).

Signet Industries Days Sales Outstanding Historical Data

The historical data trend for Signet 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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Signet Industries Days Sales Outstanding Chart

Signet Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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109.12

123.87

139.55

133.07

110.15

Signet Industries 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															99.14	88.12	95.35	113.17	97.71

Competitive Comparison of Signet Industries's Days Sales Outstanding

For the Specialty Chemicals subindustry, Signet 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.

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

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

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

Signet 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.

Signet 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
=	( (3124.253	+	3017.995)	/	2 )	/	10176.886	*	365
=	3071.124					/	10176.886	*	365
=	110.15

Signet Industries'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
=	( (3333.342	+	0)	/	1 )	/	3113.058	*	365 / 4
=	3333.342					/	3113.058	*	365 / 4
=	97.71

Signet Industries (NSE:SIGIND) Days Sales Outstanding Explanation

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

Signet Industries Days Sales Outstanding Related Terms

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Signet Industries (NSE:SIGIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Signet Industries Ltd (NSE:SIGIND) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

512131:India

Address

Lasudia Mori, Dewas Naka, Survey Number 314/3, SDA Compound, Indore, MP, IND, 452010

Website

https://www.groupsignet.com

Signet Industries Ltd is engaged in the business of merchant trading of all kinds of polymers and other related products. It is also involved in manufacturing micro-irrigation systems, sprinkler pipes, agro fittings, and its allied products, household and plastic molded furniture's. Its primary segments are Manufacturing, Windmill, and Trading. The Manufacturing segment comprises of manufacturing of irrigation and plastic products. Its Windmill includes the wind turbine power unit and the Trading segment involves the trading of Polymers and Plastic Granuals. It derives prime revenue from India.

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