Premco Global (BOM:530331) Days Sales Outstanding : 23.33 (As of Mar. 2024)

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What is Premco Global Days Sales Outstanding?

Premco Global's average Accounts Receivable for the three months ended in Mar. 2024 was ₹70.0 Mil. Premco Global's Revenue for the three months ended in Mar. 2024 was ₹274.0 Mil. Hence, Premco Global's Days Sales Outstanding for the three months ended in Mar. 2024 was 23.33.

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

BOM:530331' s Days Sales Outstanding Range Over the Past 10 Years
Min: 33.47 Med: 53.32 Max: 97.7
Current: 34.29

During the past 13 years, Premco Global's highest Days Sales Outstanding was 97.70. The lowest was 33.47. And the median was 53.32.

BOM:530331's Days Sales Outstanding is ranked better than
72.82% of 1030 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.075 vs BOM:530331: 34.29

Premco Global's Days Sales Outstanding declined from Mar. 2023 (38.44) to Mar. 2024 (23.33).

Premco Global Days Sales Outstanding Historical Data

The historical data trend for Premco Global'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.

* Premium members only.

Premco Global Days Sales Outstanding Chart

Premco Global Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

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63.25

43.35

45.83

52.05

33.47

Premco Global 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															38.44	40.55	36.61	40.24	23.33

Competitive Comparison of Premco Global's Days Sales Outstanding

For the Textile Manufacturing subindustry, Premco Global'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.

Premco Global's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Premco Global's Days Sales Outstanding falls into.

Premco Global 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.

Premco Global'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
=	( (109.486	+	70.041)	/	2 )	/	978.818	*	365
=	89.7635					/	978.818	*	365
=	33.47

Premco Global'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	+	70.041)	/	1 )	/	273.993	*	365 / 4
=	70.041					/	273.993	*	365 / 4
=	23.33

Premco Global (BOM:530331) Days Sales Outstanding Explanation

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

Premco Global Days Sales Outstanding Related Terms

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Premco Global (BOM:530331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Premco Global Ltd (BOM:530331) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

95 Ganpatrao Kadam marg, Urmi Estate, Tower-A, 11th floor, Lower Parel (West), Mumbai, IND, 400013

Website

http://www.premcoglobal.com

Premco Global Ltd is a company that is engaged in manufacturing woven and knitted elastic tapes, and other activities. Its product portfolio includes Name tapes and plain tapes; Buttonholes, rigid tapes and medical tapes and Panty and shoulder elastics. Geographically, it derives a majority of revenue from India.

Premco Global (BOM:530331) Headlines

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