Le Merite Exports (NSE:LEMERITE) Days Sales Outstanding : 80.91 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Le Merite Exports Days Sales Outstanding?

Le Merite Exports's average Accounts Receivable for the six months ended in Mar. 2024 was ₹1,014 Mil. Le Merite Exports's Revenue for the six months ended in Mar. 2024 was ₹2,286 Mil. Hence, Le Merite Exports's Days Sales Outstanding for the six months ended in Mar. 2024 was 80.91.

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

NSE:LEMERITE' s Days Sales Outstanding Range Over the Past 10 Years
Min: 62.29 Med: 67 Max: 112.86
Current: 75.86

During the past 6 years, Le Merite Exports's highest Days Sales Outstanding was 112.86. The lowest was 62.29. And the median was 67.00.

NSE:LEMERITE's Days Sales Outstanding is ranked worse than
71.64% of 1026 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.38 vs NSE:LEMERITE: 75.86

Le Merite Exports's Days Sales Outstanding increased from Mar. 2023 (66.93) to Mar. 2024 (80.91).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Le Merite Exports Days Sales Outstanding Historical Data

The historical data trend for Le Merite Exports'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.

Le Merite Exports Days Sales Outstanding Chart

Le Merite Exports Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

Get a 7-Day Free Trial

62.29

66.92

67.00

106.11

70.67

Le Merite Exports Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial				79.42	89.66	66.93	78.51	80.91

Competitive Comparison of Le Merite Exports's Days Sales Outstanding

For the Textile Manufacturing subindustry, Le Merite Exports'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.

Le Merite Exports's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Le Merite Exports's Days Sales Outstanding falls into.

Le Merite Exports 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.

Le Merite Exports'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
=	( (923.065	+	889.711)	/	2 )	/	4681.534	*	365
=	906.388					/	4681.534	*	365
=	70.67

Le Merite Exports'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: Sep. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (1137.669	+	889.711)	/	2 )	/	2286.379	*	365 / 2
=	1013.69					/	2286.379	*	365 / 2
=	80.91

Le Merite Exports (NSE:LEMERITE) Days Sales Outstanding Explanation

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

Le Merite Exports Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Le Merite Exports's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Le Merite Exports (NSE:LEMERITE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Le Merite Exports Ltd (NSE:LEMERITE) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

1 st Floor, Chandivali Farm Road, B1-104D, Boomerang, Powai, Andheri- East, Mumbai, MH, IND, 400072

Website

https://www.lemeriteexports.com

Le Merite Exports Ltd is engaged in the manufacturing and trading of textile products namely cotton yarn, greige fabric, and finished fabric for domestic and export sales. The reportable segment for the Company is Textile Business.

Le Merite Exports (NSE:LEMERITE) Headlines

No Headlines