Tainwala Chemical and Plastic (I) (BOM:507785) Days Sales Outstanding : 47.73 (As of Mar. 2024)

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What is Tainwala Chemical and Plastic (I) Days Sales Outstanding?

Tainwala Chemical and Plastic (I)'s average Accounts Receivable for the three months ended in Mar. 2024 was ₹4.1 Mil. Tainwala Chemical and Plastic (I)'s Revenue for the three months ended in Mar. 2024 was ₹7.9 Mil. Hence, Tainwala Chemical and Plastic (I)'s Days Sales Outstanding for the three months ended in Mar. 2024 was 47.73.

The historical rank and industry rank for Tainwala Chemical and Plastic (I)'s Days Sales Outstanding or its related term are showing as below:

BOM:507785' s Days Sales Outstanding Range Over the Past 10 Years
Min: 13.87 Med: 54.3 Max: 137.97
Current: 13.87

During the past 13 years, Tainwala Chemical and Plastic (I)'s highest Days Sales Outstanding was 137.97. The lowest was 13.87. And the median was 54.30.

BOM:507785's Days Sales Outstanding is ranked better than
95.03% of 1529 companies
in the Chemicals industry
Industry Median: 64.13 vs BOM:507785: 13.87

Tainwala Chemical and Plastic (I)'s Days Sales Outstanding increased from Mar. 2023 (7.12) to Mar. 2024 (47.73).

Tainwala Chemical and Plastic (I) Days Sales Outstanding Historical Data

The historical data trend for Tainwala Chemical and Plastic (I)'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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Tainwala Chemical and Plastic (I) Days Sales Outstanding Chart

Tainwala Chemical and Plastic (I) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

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54.27

137.97

69.05

16.48

10.60

Tainwala Chemical and Plastic (I) Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															7.12	8.95	20.09	29.01	47.73

Competitive Comparison of Tainwala Chemical and Plastic (I)'s Days Sales Outstanding

For the Specialty Chemicals subindustry, Tainwala Chemical and Plastic (I)'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.

Tainwala Chemical and Plastic (I)'s Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tainwala Chemical and Plastic (I)'s Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Tainwala Chemical and Plastic (I)'s Days Sales Outstanding falls into.

Tainwala Chemical and Plastic (I) 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.

Tainwala Chemical and Plastic (I)'s Days Sales Outstanding for the fiscal year that ended in Mar. 2024 is calculated as

	Days Sales Outstanding (A: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (6.35	+	4.124)	/	2 )	/	180.3	*	365
=	5.237					/	180.3	*	365
=	10.60

Tainwala Chemical and Plastic (I)'s Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (0	+	4.124)	/	1 )	/	7.885	*	365 / 4
=	4.124					/	7.885	*	365 / 4
=	47.73

Tainwala Chemical and Plastic (I) (BOM:507785) Days Sales Outstanding Explanation

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

Tainwala Chemical and Plastic (I) Days Sales Outstanding Related Terms

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Tainwala Chemical and Plastic (I) (BOM:507785) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tainwala Chemical and Plastic (I) Ltd (BOM:507785) » Definitions » Days Sales Outstanding

Comparable Companies

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TAINWALCHM:India

Address

Road No. 18, M.I.D.C., Marol, Tainwala House, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.tainwala.in

Tainwala Chemical and Plastic (I) Ltd is engaged in the business of manufacturing extruded plastic sheets of various polymers like polyvinyl chloride (PVC), polypropylene (PP), PP glass laminated (PPGL), high-density polyethylene (HDPE) and acrylonitrile-butadiene-styrene (ABS). Its other product includes Tainclear-PVC Rigid Sheets, Tainflex-PVC Flexible (Plasticized) Sheets, and Tainpack-PVC Foils. The company operates through two segments: Plastic Sheets and Securities trading and all its businesses are operating only in India. The firm generates its majority revenue from the Plastic Sheets segment.

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