Meera Industries (BOM:540519) Days Sales Outstanding : 41.56 (As of Dec. 2023)

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What is Meera Industries Days Sales Outstanding?

Meera Industries's average Accounts Receivable for the three months ended in Dec. 2023 was ₹34.6 Mil. Meera Industries's Revenue for the three months ended in Dec. 2023 was ₹76.1 Mil. Hence, Meera Industries's Days Sales Outstanding for the three months ended in Dec. 2023 was 41.56.

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

BOM:540519' s Days Sales Outstanding Range Over the Past 10 Years
Min: 23.22 Med: 44.5 Max: 77.36
Current: 47.68

During the past 12 years, Meera Industries's highest Days Sales Outstanding was 77.36. The lowest was 23.22. And the median was 44.50.

BOM:540519's Days Sales Outstanding is ranked better than
84.08% of 2959 companies
in the Industrial Products industry
Industry Median: 79.62 vs BOM:540519: 47.68

Meera Industries's Days Sales Outstanding declined from Dec. 2022 (67.55) to Dec. 2023 (41.56).

Meera Industries Days Sales Outstanding Historical Data

The historical data trend for Meera Industries'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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Meera Industries Days Sales Outstanding Chart

Meera Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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34.59

46.04

47.56

42.96

52.67

Meera Industries Quarterly Data
	Jan17	Sep17	Mar18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															67.55	53.61	37.64	46.57	41.56

Competitive Comparison of Meera Industries's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Meera Industries'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.

Meera Industries's Days Sales Outstanding Distribution in the Industrial Products Industry

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

* The bar in red indicates where Meera Industries's Days Sales Outstanding falls into.

Meera Industries 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.

Meera Industries'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
=	( (32.313	+	25.388)	/	2 )	/	199.927	*	365
=	28.8505					/	199.927	*	365
=	52.67

Meera Industries'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
=	( (34.636	+	0)	/	1 )	/	76.055	*	365 / 4
=	34.636					/	76.055	*	365 / 4
=	41.56

Meera Industries (BOM:540519) Days Sales Outstanding Explanation

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

Meera Industries Days Sales Outstanding Related Terms

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Meera Industries (BOM:540519) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Meera Industries Ltd (BOM:540519) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

2126, Road No. 2 GIDC, Sachin, Surat, GJ, IND, 394230

Website

https://www.meeraind.com

Meera Industries Ltd is engaged in the production of textile twisting machinery and technology. The product portfolio includes Two for one twister, Servo-controlled cop winder, Cone-assembly winder, Ring twister, covering machine, TPRS twister machine, and Heavy-duty twister and cabler machine, and Continuous bulk and heat setting machine. Its operating segment includes Machine manufacturing, Machine trading and Yarn. The company generates maximum revenue from the Machine manufacturing segment. Geographically, it derives a majority of revenue from India.

Meera Industries (BOM:540519) Headlines

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