Argon Denims (DHA:ARGONDENIM) Days Sales Outstanding : 0.00 (As of Dec. 2023)

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What is Argon Denims Days Sales Outstanding?

Argon Denims's average Accounts Receivable for the three months ended in Dec. 2023 was BDT0 Mil. Argon Denims's Revenue for the three months ended in Dec. 2023 was BDT1,400 Mil. Hence, Argon Denims's Days Sales Outstanding for the three months ended in Dec. 2023 was 0.00.

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

DHA:ARGONDENIM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 126.35 Med: 193.74 Max: 210.8
Current: 126.35

During the past 9 years, Argon Denims's highest Days Sales Outstanding was 210.80. The lowest was 126.35. And the median was 193.74.

DHA:ARGONDENIM's Days Sales Outstanding is ranked worse than
86.99% of 1030 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.075 vs DHA:ARGONDENIM: 126.35

Argon Denims's Days Sales Outstanding declined from Dec. 2022 (162.81) to Dec. 2023 (0.00).

Argon Denims Days Sales Outstanding Historical Data

The historical data trend for Argon Denims'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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Argon Denims Days Sales Outstanding Chart

Argon Denims Annual Data

Trend

Dec13

Dec14

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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189.15

201.70

210.80

155.61

173.34

Argon Denims 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															162.81	109.36	140.83	147.77	-

Competitive Comparison of Argon Denims's Days Sales Outstanding

For the Textile Manufacturing subindustry, Argon Denims'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.

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

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

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

Argon Denims 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.

Argon Denims's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (2156.688	+	2169.891)	/	2 )	/	4555.303	*	365
=	2163.2895					/	4555.303	*	365
=	173.34

Argon Denims'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
=	( (0	+	0)	/	1 )	/	1400.274	*	365 / 4
=	0					/	1400.274	*	365 / 4
=	0.00

Argon Denims (DHA:ARGONDENIM) Days Sales Outstanding Explanation

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

Argon Denims Days Sales Outstanding Related Terms

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Argon Denims (DHA:ARGONDENIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Argon Denims Ltd (DHA:ARGONDENIM) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

57, Joar Sahara, New Airport Road, Level-6, Lotus Kamal Tower ONE, Nikunja-2- C/A, Dhaka, BGD, 1229

Website

http://www.argondenims.com

Argon Denims Ltd is engaged in manufacturing, dyeing, and finishing Denim Fabric based in Bangladesh and focuses on exports. The firm carries out the business of weaving, spinning, bleaching, dyeing, mercerizing printing, finishing, and selling denim fabrics, yarn, cloth, linen, hosiery, and other goods and fabrics whether textiles knitted or looped. It produces a medium and premium range of denim fabrics in various weights. The products include fabrics in 100% cotton, cotton stretch, cotton polyester, and cotton-polyester stretch. The dyeing line is equipped with light and dark indigo, Sulphur black, SBIT, IBST with casts and colors.

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