Ice Make Refrigeration (NSE:ICEMAKE) Days Sales Outstanding : 56.06 (As of Dec. 2023)

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What is Ice Make Refrigeration Days Sales Outstanding?

Ice Make Refrigeration's average Accounts Receivable for the three months ended in Dec. 2023 was ₹506 Mil. Ice Make Refrigeration's Revenue for the three months ended in Dec. 2023 was ₹824 Mil. Hence, Ice Make Refrigeration's Days Sales Outstanding for the three months ended in Dec. 2023 was 56.06.

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

NSE:ICEMAKE' s Days Sales Outstanding Range Over the Past 10 Years
Min: 51 Med: 60.77 Max: 68.98
Current: 51.06

During the past 11 years, Ice Make Refrigeration's highest Days Sales Outstanding was 68.98. The lowest was 51.00. And the median was 60.77.

NSE:ICEMAKE's Days Sales Outstanding is ranked better than
80.89% of 2957 companies
in the Industrial Products industry
Industry Median: 79.63 vs NSE:ICEMAKE: 51.06

Ice Make Refrigeration's Days Sales Outstanding declined from Dec. 2022 (59.53) to Dec. 2023 (56.06).

Ice Make Refrigeration Days Sales Outstanding Historical Data

The historical data trend for Ice Make Refrigeration'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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Ice Make Refrigeration Days Sales Outstanding Chart

Ice Make Refrigeration Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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60.34

63.04

68.98

51.90

51.00

Ice Make Refrigeration Quarterly Data
	Sep18	Mar19	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															59.53	43.07	61.75	60.10	56.06

Competitive Comparison of Ice Make Refrigeration's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Ice Make Refrigeration'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.

Ice Make Refrigeration's Days Sales Outstanding Distribution in the Industrial Products Industry

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

* The bar in red indicates where Ice Make Refrigeration's Days Sales Outstanding falls into.

Ice Make Refrigeration 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.

Ice Make Refrigeration'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
=	( (336.601	+	535.562)	/	2 )	/	3121.13	*	365
=	436.0815					/	3121.13	*	365
=	51.00

Ice Make Refrigeration'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
=	( (506.423	+	0)	/	1 )	/	824.27	*	365 / 4
=	506.423					/	824.27	*	365 / 4
=	56.06

Ice Make Refrigeration (NSE:ICEMAKE) Days Sales Outstanding Explanation

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

Ice Make Refrigeration Days Sales Outstanding Related Terms

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Ice Make Refrigeration (NSE:ICEMAKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ice Make Refrigeration Ltd (NSE:ICEMAKE) » Definitions » Days Sales Outstanding

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Address

226, Gota-Vadsar Road, Dantali Industrial Estate, Taluka Kalol, Dantali, Near Ahmedabad City, Gandhinagar, GJ, IND, 382721

Website

https://www.icemakeindia.com

Ice Make Refrigeration Ltd is a refrigeration equipment manufacturer, engaged in providing cooling solutions. The company's only operating segment being the Manufacturing of Cold Rooms, Freezer, Refrigeration Systems, and chilling Plant. It serves dairy, ice cream, food processing, agriculture, pharmaceuticals, cold chain, logistics, hospitals, hospitality, retail, and other industries. The company's product offering includes Bulk Milk Chiller, Curd Incubation Chamber, Glass Door Display Chiller, Mortuary Chamber, Refrigerated Container, and other related products.

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