Suminoe Textile Co (TSE:3501) Days Sales Outstanding : 59.05 (As of Feb. 2024)

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What is Suminoe Textile Co Days Sales Outstanding?

Suminoe Textile Co's average Accounts Receivable for the three months ended in Feb. 2024 was 円16,676 Mil. Suminoe Textile Co's Revenue for the three months ended in Feb. 2024 was 円25,770 Mil. Hence, Suminoe Textile Co's Days Sales Outstanding for the three months ended in Feb. 2024 was 59.05.

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

TSE:3501' s Days Sales Outstanding Range Over the Past 10 Years
Min: 56.62 Med: 65.73 Max: 70.31
Current: 56.62

During the past 13 years, Suminoe Textile Co's highest Days Sales Outstanding was 70.31. The lowest was 56.62. And the median was 65.73.

TSE:3501's Days Sales Outstanding is ranked worse than
54.95% of 1030 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.075 vs TSE:3501: 56.62

Suminoe Textile Co's Days Sales Outstanding declined from Feb. 2023 (61.89) to Feb. 2024 (59.05).

Suminoe Textile Co Days Sales Outstanding Historical Data

The historical data trend for Suminoe Textile Co'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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Suminoe Textile Co Days Sales Outstanding Chart

Suminoe Textile Co Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Days Sales Outstanding

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65.93

65.18

65.60

62.45

57.02

Suminoe Textile Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Sales Outstanding	Get a 7-Day Free Trial															61.89	55.27	59.11	54.12	59.05

Competitive Comparison of Suminoe Textile Co's Days Sales Outstanding

For the Textile Manufacturing subindustry, Suminoe Textile Co'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.

Suminoe Textile Co's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Suminoe Textile Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Suminoe Textile Co's Days Sales Outstanding falls into.

Suminoe Textile Co 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.

Suminoe Textile Co's Days Sales Outstanding for the fiscal year that ended in May. 2023 is calculated as

	Days Sales Outstanding (A: May. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: May. 2022 )	+	Accounts Receivable (A: May. 2023 ))	/	count )	/	Revenue (A: May. 2023 )	*	Days in Period
=	( (13816	+	15814)	/	2 )	/	94828	*	365
=	14815					/	94828	*	365
=	57.02

Suminoe Textile Co's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding (Q: Feb. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Nov. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )	/	Revenue (A: Feb. 2024 )	*	Days in Period
=	( (17430	+	15922)	/	2 )	/	25770	*	365 / 4
=	16676					/	25770	*	365 / 4
=	59.05

Suminoe Textile Co (TSE:3501) Days Sales Outstanding Explanation

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

Suminoe Textile Co Days Sales Outstanding Related Terms

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Suminoe Textile Co (TSE:3501) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Suminoe Textile Co Ltd (TSE:3501) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-11-20, Minamisenba, Chuo-ku, Osaka, JPN, 542-8504

Website

http://www.suminoe.jp

Suminoe Textile Co Ltd is a textile company based in Japan. The company is engaged in the following business segment which includes Interior Fittings; Automotive Textiles and Traffic Facilities; Functional Materials and Others. It generates maximum revenue from the Automotive Textiles and Traffic Facilities segment. Geographically, it derives a majority of revenue from Japan and also has a presence in North and Central America; Asia and other Countries.

Suminoe Textile Co (TSE:3501) Headlines

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