Shigan Quantum Technologies (NSE:SHIGAN) Days Sales Outstanding : 27.93 (As of Sep. 2023)

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What is Shigan Quantum Technologies Days Sales Outstanding?

Shigan Quantum Technologies's average Accounts Receivable for the six months ended in Sep. 2023 was ₹101 Mil. Shigan Quantum Technologies's Revenue for the six months ended in Sep. 2023 was ₹659 Mil. Hence, Shigan Quantum Technologies's Days Sales Outstanding for the six months ended in Sep. 2023 was 27.93.

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

NSE:SHIGAN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 13.09 Med: 24.22 Max: 31.52
Current: 31.52

During the past 5 years, Shigan Quantum Technologies's highest Days Sales Outstanding was 31.52. The lowest was 13.09. And the median was 24.22.

NSE:SHIGAN's Days Sales Outstanding is ranked better than
79.87% of 1272 companies
in the Vehicles & Parts industry
Industry Median: 60.165 vs NSE:SHIGAN: 31.52

Shigan Quantum Technologies's Days Sales Outstanding increased from Sep. 2022 (17.78) to Sep. 2023 (27.93).

Shigan Quantum Technologies Days Sales Outstanding Historical Data

The historical data trend for Shigan Quantum Technologies'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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Shigan Quantum Technologies Days Sales Outstanding Chart

Shigan Quantum Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

25.52

22.92

29.57

13.09

Shigan Quantum Technologies Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial			-	-	17.78	28.38	27.93

Competitive Comparison of Shigan Quantum Technologies's Days Sales Outstanding

For the Auto Parts subindustry, Shigan Quantum Technologies'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.

Shigan Quantum Technologies's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shigan Quantum Technologies's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shigan Quantum Technologies's Days Sales Outstanding falls into.

Shigan Quantum Technologies 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.

Shigan Quantum Technologies'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
=	( (0	+	58.735)	/	1 )	/	1637.371	*	365
=	58.735					/	1637.371	*	365
=	13.09

Shigan Quantum Technologies'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
=	( (58.735	+	142.92)	/	2 )	/	658.89	*	365 / 2
=	100.8275					/	658.89	*	365 / 2
=	27.93

Shigan Quantum Technologies (NSE:SHIGAN) Days Sales Outstanding Explanation

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

Shigan Quantum Technologies Days Sales Outstanding Related Terms

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Shigan Quantum Technologies (NSE:SHIGAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shigan Quantum Technologies Ltd (NSE:SHIGAN) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Alier Bhangrola Road, Shyam Udyog Parisar, IMT Manesa, Gurugram, HR, IND, 122052

Website

https://www.shigan-quantum.com

Shigan Quantum Technologies Ltd is engaged in the business of designing, developing, and manufacturing a variety of Alternate Fuel Systems Components including Compressed Natural Gas, Liquefied natural gas, Hydrogen Fuel Kit systems for original equipment manufacturer suppliers to auto industries The company manufactures Alternate Fuel Systems for heavy duty vehicles, light duty vehicles, and off- highway applications.

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