Tamilnadu Steel Tubes (BOM:513540) Days Sales Outstanding : 87.71 (As of Dec. 2023)

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What is Tamilnadu Steel Tubes Days Sales Outstanding?

Tamilnadu Steel Tubes's average Accounts Receivable for the three months ended in Dec. 2023 was ₹139.3 Mil. Tamilnadu Steel Tubes's Revenue for the three months ended in Dec. 2023 was ₹144.9 Mil. Hence, Tamilnadu Steel Tubes's Days Sales Outstanding for the three months ended in Dec. 2023 was 87.71.

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

BOM:513540' s Days Sales Outstanding Range Over the Past 10 Years
Min: 54.67 Med: 68.3 Max: 95.16
Current: 70.34

During the past 12 years, Tamilnadu Steel Tubes's highest Days Sales Outstanding was 95.16. The lowest was 54.67. And the median was 68.30.

BOM:513540's Days Sales Outstanding is ranked worse than
70.54% of 594 companies
in the Steel industry
Industry Median: 49.465 vs BOM:513540: 70.34

Tamilnadu Steel Tubes's Days Sales Outstanding increased from Dec. 2022 (66.49) to Dec. 2023 (87.71).

Tamilnadu Steel Tubes Days Sales Outstanding Historical Data

The historical data trend for Tamilnadu Steel Tubes'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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Tamilnadu Steel Tubes Days Sales Outstanding Chart

Tamilnadu Steel Tubes Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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72.15

95.16

86.93

60.53

54.67

Tamilnadu Steel Tubes 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															66.49	58.28	65.19	66.47	87.71

Competitive Comparison of Tamilnadu Steel Tubes's Days Sales Outstanding

For the Steel subindustry, Tamilnadu Steel Tubes'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.

Tamilnadu Steel Tubes's Days Sales Outstanding Distribution in the Steel Industry

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

* The bar in red indicates where Tamilnadu Steel Tubes's Days Sales Outstanding falls into.

Tamilnadu Steel Tubes 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.

Tamilnadu Steel Tubes'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
=	( (134.883	+	135.465)	/	2 )	/	902.476	*	365
=	135.174					/	902.476	*	365
=	54.67

Tamilnadu Steel Tubes'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
=	( (139.316	+	0)	/	1 )	/	144.935	*	365 / 4
=	139.316					/	144.935	*	365 / 4
=	87.71

Tamilnadu Steel Tubes (BOM:513540) Days Sales Outstanding Explanation

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

Tamilnadu Steel Tubes Days Sales Outstanding Related Terms

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Tamilnadu Steel Tubes (BOM:513540) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tamilnadu Steel Tubes Ltd (BOM:513540) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

No. 65, Pantheon Road, Mercury Apartments, 1st Floor, Egmore, Chennai, TN, IND, 600 008

Website

https://www.tntpipes.com

Tamilnadu Steel Tubes Ltd manufactures Mild Steel Tubes, both Black and Galvanised, Square and Rectangle Pipes. The company has its manufacturing unit located at Maraimalai Nagar, Kanchipuram District, Tamil Nadu. The company is engaged in manufacturing and exporting a wide range of MS Pipes, GI Pipes, Square Pipes and Rectangle Pipes.

Tamilnadu Steel Tubes (BOM:513540) Headlines

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