Aarvee Denims & Exports (BOM:514274) Days Sales Outstanding : 369.58 (As of Dec. 2023)

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What is Aarvee Denims & Exports Days Sales Outstanding?

Aarvee Denims & Exports's average Accounts Receivable for the three months ended in Dec. 2023 was ₹1,035 Mil. Aarvee Denims & Exports's Revenue for the three months ended in Dec. 2023 was ₹255 Mil. Hence, Aarvee Denims & Exports's Days Sales Outstanding for the three months ended in Dec. 2023 was 369.58.

The historical rank and industry rank for Aarvee Denims & Exports's Days Sales Outstanding or its related term are showing as below:

BOM:514274' s Days Sales Outstanding Range Over the Past 10 Years
Min: 84.78 Med: 130.34 Max: 405.92
Current: 405.92

During the past 13 years, Aarvee Denims & Exports's highest Days Sales Outstanding was 405.92. The lowest was 84.78. And the median was 130.34.

BOM:514274's Days Sales Outstanding is ranked worse than
96.99% of 1029 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.32 vs BOM:514274: 405.92

Aarvee Denims & Exports's Days Sales Outstanding increased from Dec. 2022 (272.62) to Dec. 2023 (369.58).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Aarvee Denims & Exports Days Sales Outstanding Historical Data

The historical data trend for Aarvee Denims & Exports'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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Aarvee Denims & Exports Days Sales Outstanding Chart

Aarvee Denims & Exports Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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142.20

169.78

307.77

166.62

204.34

Aarvee Denims & Exports 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															272.62	226.40	1,092.95	380.54	369.58

Competitive Comparison of Aarvee Denims & Exports's Days Sales Outstanding

For the Textile Manufacturing subindustry, Aarvee Denims & Exports'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.

Aarvee Denims & Exports's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Aarvee Denims & Exports's Days Sales Outstanding falls into.

Aarvee Denims & Exports 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.

Aarvee Denims & Exports'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
=	( (1661.055	+	1242.209)	/	2 )	/	2592.913	*	365
=	1451.632					/	2592.913	*	365
=	204.34

Aarvee Denims & Exports'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
=	( (1034.642	+	0)	/	1 )	/	255.456	*	365 / 4
=	1034.642					/	255.456	*	365 / 4
=	369.58

Aarvee Denims & Exports (BOM:514274) Days Sales Outstanding Explanation

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

Aarvee Denims & Exports Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Aarvee Denims & Exports's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Aarvee Denims & Exports (BOM:514274) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Aarvee Denims & Exports Ltd (BOM:514274) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

AARVEEDEN:India

Address

191, Moje Shahwadi, Narol - Sarkej Highway, Near Old Octroi Naka, Ahmedabad, GJ, IND, 382 405

Website

https://www.aarveedenims.com

Aarvee Denims & Exports Ltd is engaged in the manufacturing and selling of denim and non-denim fabrics and garments. The company has identified two reportable business segments that are Textile and Windmill; out of which the Textile segment generates the maximum revenue for the company. Geographically, it derives a majority of its revenue from India.

Aarvee Denims & Exports (BOM:514274) Headlines

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