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Mega Flex Plastics (NSE:MEGAFLEX) Days Sales Outstanding : 3.81 (As of Sep. 2023)


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What is Mega Flex Plastics Days Sales Outstanding?

Mega Flex Plastics's average Accounts Receivable for the six months ended in Sep. 2023 was ₹4.9 Mil. Mega Flex Plastics's Revenue for the six months ended in Sep. 2023 was ₹235.7 Mil. Hence, Mega Flex Plastics's Days Sales Outstanding for the six months ended in Sep. 2023 was 3.81.

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

NSE:MEGAFLEX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.99   Med: 3.82   Max: 5.11
Current: 3.76

During the past 4 years, Mega Flex Plastics's highest Days Sales Outstanding was 5.11. The lowest was 0.99. And the median was 3.82.

NSE:MEGAFLEX's Days Sales Outstanding is ranked better than
99.47% of 377 companies
in the Packaging & Containers industry
Industry Median: 69.28 vs NSE:MEGAFLEX: 3.76

Mega Flex Plastics's Days Sales Outstanding declined from Sep. 2022 (5.45) to Sep. 2023 (3.81).

Mega Flex Plastics Days Sales Outstanding Historical Data

The historical data trend for Mega Flex Plastics'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.

Mega Flex Plastics Days Sales Outstanding Chart

Mega Flex Plastics Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Days Sales Outstanding
0.99 5.11 5.06 2.58

Mega Flex Plastics Semi-Annual Data
Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Days Sales Outstanding Get a 7-Day Free Trial 6.74 3.79 5.45 2.64 3.81

Competitive Comparison of Mega Flex Plastics's Days Sales Outstanding

For the Packaging & Containers subindustry, Mega Flex Plastics'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.

Mega Flex Plastics's Days Sales Outstanding Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Mega Flex Plastics's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Mega Flex Plastics's Days Sales Outstanding falls into.


Mega Flex Plastics 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.

Mega Flex Plastics'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
=( (5.484 + 1.964) / 2 ) / 526.855*365
=3.724 / 526.855*365
=2.58

Mega Flex Plastics'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
=( (1.964 + 7.887) / 2 ) / 235.716*365 / 2
=4.9255 / 235.716*365 / 2
=3.81

* 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.

Mega Flex Plastics  (NSE:MEGAFLEX) Days Sales Outstanding Explanation

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

Mega Flex Plastics Days Sales Outstanding Related Terms

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Mega Flex Plastics (NSE:MEGAFLEX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Mega Flex Plastics Ltd (NSE:MEGAFLEX) » Definitions » Days Sales Outstanding
Comparable Companies
BOM:524502 NSE:SABAR BOM:523260 BOM:526965 BOM:539354 BOM:543656 BOM:524602 BOM:526355 BOM:539251 BOM:526435 BALL AVY PKG AMCR IP CCK WRK SZSE:002812 DUB:SK3 XSWX:SIGN
Traded in Other Exchanges
N/A
Address
4, Ho Chi Minh Sarani, Suite-2A, 2nd Floor, Kolkata, WB, IND, 700071
Website
https://www.megaflex.co.in
Mega Flex Plastics Ltd is engaged in manufacturing Leno Bags which are used for packaging agricultural products like potatoes, onions, garlic, coconuts, fruits, and vegetables. The company is also manufacturing Woven Fabric and Sutli (Fibrillated Twisted Thread). The company is also engaged in trading of Polypropylene Granules.

Mega Flex Plastics (NSE:MEGAFLEX) Headlines

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