Mahickra Chemicals (NSE:MAHICKRA) Days Sales Outstanding : 174.47 (As of Sep. 2023)

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What is Mahickra Chemicals Days Sales Outstanding?

Mahickra Chemicals's average Accounts Receivable for the six months ended in Sep. 2023 was ₹348.6 Mil. Mahickra Chemicals's Revenue for the six months ended in Sep. 2023 was ₹364.6 Mil. Hence, Mahickra Chemicals's Days Sales Outstanding for the six months ended in Sep. 2023 was 174.47.

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

NSE:MAHICKRA' s Days Sales Outstanding Range Over the Past 10 Years
Min: 74.73 Med: 98.72 Max: 312.73
Current: 153.58

During the past 11 years, Mahickra Chemicals's highest Days Sales Outstanding was 312.73. The lowest was 74.73. And the median was 98.72.

NSE:MAHICKRA's Days Sales Outstanding is ranked worse than
93.77% of 1526 companies
in the Chemicals industry
Industry Median: 64.05 vs NSE:MAHICKRA: 153.58

Mahickra Chemicals's Days Sales Outstanding increased from Sep. 2022 (129.47) to Sep. 2023 (174.47).

Mahickra Chemicals Days Sales Outstanding Historical Data

The historical data trend for Mahickra Chemicals'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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Mahickra Chemicals Days Sales Outstanding Chart

Mahickra Chemicals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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91.95

98.72

129.21

128.39

132.59

Mahickra Chemicals Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial												149.61	112.35	129.47	139.44	174.47

Competitive Comparison of Mahickra Chemicals's Days Sales Outstanding

For the Specialty Chemicals subindustry, Mahickra Chemicals'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.

Mahickra Chemicals's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Mahickra Chemicals's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Mahickra Chemicals's Days Sales Outstanding falls into.

Mahickra Chemicals 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.

Mahickra Chemicals'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
=	( (380.983	+	367.563)	/	2 )	/	1030.338	*	365
=	374.273					/	1030.338	*	365
=	132.59

Mahickra Chemicals's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (367.563	+	329.647)	/	2 )	/	364.645	*	365 / 2
=	348.605					/	364.645	*	365 / 2
=	174.47

Mahickra Chemicals (NSE:MAHICKRA) Days Sales Outstanding Explanation

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

Mahickra Chemicals Days Sales Outstanding Related Terms

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Mahickra Chemicals (NSE:MAHICKRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mahickra Chemicals Ltd (NSE:MAHICKRA) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

Plot No. 1201-1202, Phase-3, G.I.D.C Estate, Vatva, Ahmedabad, GJ, IND, 382445

Website

https://www.mahickra.com

Mahickra Chemicals Ltd is an India based company engaged in the business of manufacturing of dyes and chemicals. It also exports dyes and chemical products. The product portfolio of the company includes Reactive dyes, Acid dyes, Direct dyes, Pigment powder and emulsion, Specialty chemicals and Synthetic food colors.

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