Candour Techtex (BOM:522292) Days Sales Outstanding : 18.69 (As of Dec. 2023)

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What is Candour Techtex Days Sales Outstanding?

Candour Techtex's average Accounts Receivable for the three months ended in Dec. 2023 was ₹90 Mil. Candour Techtex's Revenue for the three months ended in Dec. 2023 was ₹440 Mil. Hence, Candour Techtex's Days Sales Outstanding for the three months ended in Dec. 2023 was 18.69.

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

BOM:522292' s Days Sales Outstanding Range Over the Past 10 Years
Min: 12.11 Med: 92.51 Max: 671.31
Current: 16.26

During the past 13 years, Candour Techtex's highest Days Sales Outstanding was 671.31. The lowest was 12.11. And the median was 92.51.

BOM:522292's Days Sales Outstanding is ranked better than
97.9% of 2959 companies
in the Industrial Products industry
Industry Median: 79.62 vs BOM:522292: 16.26

Candour Techtex's Days Sales Outstanding declined from Dec. 2022 (234.47) to Dec. 2023 (18.69).

Candour Techtex Days Sales Outstanding Historical Data

The historical data trend for Candour Techtex'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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Candour Techtex Days Sales Outstanding Chart

Candour Techtex Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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671.31

179.23

99.86

35.61

12.11

Candour Techtex 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															234.47	42.28	4.71	14.51	18.69

Competitive Comparison of Candour Techtex's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Candour Techtex'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.

Candour Techtex's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Candour Techtex's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Candour Techtex's Days Sales Outstanding falls into.

Candour Techtex 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.

Candour Techtex'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
=	( (17.965	+	21.596)	/	2 )	/	596.327	*	365
=	19.7805					/	596.327	*	365
=	12.11

Candour Techtex'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
=	( (90.128	+	0)	/	1 )	/	440.113	*	365 / 4
=	90.128					/	440.113	*	365 / 4
=	18.69

Candour Techtex (BOM:522292) Days Sales Outstanding Explanation

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

Candour Techtex Days Sales Outstanding Related Terms

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Candour Techtex (BOM:522292) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Candour Techtex Ltd (BOM:522292) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

52, S.K. Ahire Marg, 108/109, T.V. Industrial Estate, Worli, Mumbai, MH, IND, 400 030

Website

https://www.cteil.com

Candour Techtex Ltd is an India-based textile machinery manufacturer of two-for-one twisting machines (TFO). In addition, it also manufactures velvet fabrics. The operating segments of the company are the Textile division; Plastic division, Trading Division and Technical Textiles Division. It derives maximum revenue from the Trading division. The organization also manufactures plastic crates and other allied plastic products. The company has business operations in India and internationally. Its product offerings comprise Die Casting machines, Injection Moulding Machines, and Rubber Injection Moulding machines, among others.

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