Dev Information Technology (NSE:DEVIT) Days Sales Outstanding : 107.77 (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Dev Information Technology Days Sales Outstanding?

Dev Information Technology's average Accounts Receivable for the three months ended in Mar. 2024 was ₹513 Mil. Dev Information Technology's Revenue for the three months ended in Mar. 2024 was ₹434 Mil. Hence, Dev Information Technology's Days Sales Outstanding for the three months ended in Mar. 2024 was 107.77.

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

NSE:DEVIT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 88.86 Med: 107.29 Max: 149.03
Current: 88.86

During the past 12 years, Dev Information Technology's highest Days Sales Outstanding was 149.03. The lowest was 88.86. And the median was 107.29.

NSE:DEVIT's Days Sales Outstanding is ranked worse than
71.72% of 2737 companies
in the Software industry
Industry Median: 61.8 vs NSE:DEVIT: 88.86

Dev Information Technology's Days Sales Outstanding increased from Mar. 2023 (72.15) to Mar. 2024 (107.77).

Dev Information Technology Days Sales Outstanding Historical Data

The historical data trend for Dev Information Technology'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.

Dev Information Technology Days Sales Outstanding Chart

Dev Information Technology Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

Get a 7-Day Free Trial

110.01

94.04

96.85

97.13

96.28

Dev Information Technology Quarterly Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															72.15	52.82	108.32	95.39	107.77

Competitive Comparison of Dev Information Technology's Days Sales Outstanding

For the Information Technology Services subindustry, Dev Information Technology'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.

Dev Information Technology's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, Dev Information Technology's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Dev Information Technology's Days Sales Outstanding falls into.

Dev Information Technology 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.

Dev Information Technology'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
=	( (349.965	+	512.984)	/	2 )	/	1635.756	*	365
=	431.4745					/	1635.756	*	365
=	96.28

Dev Information Technology'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: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (0	+	512.984)	/	1 )	/	434.364	*	365 / 4
=	512.984					/	434.364	*	365 / 4
=	107.77

Dev Information Technology (NSE:DEVIT) Days Sales Outstanding Explanation

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

Dev Information Technology Days Sales Outstanding Related Terms

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

Dev Information Technology (NSE:DEVIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Dev Information Technology Ltd (NSE:DEVIT) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

543462:India

Address

Thaltej - Shilaj Road, 14, Aaryans Corporate Park, Near Shilaj Railway Crossing, Thaltej, Ahmedabad, GJ, IND, 380059

Website

https://www.devitpl.com

Dev Information Technology Ltd is engaged in providing information technology solutions and consultancy services in India. It offers advisory, architecture, implementation, and support services. The company provides various services namely enterprise applications and mobility, infrastructure management, cloud computing, digital services, and licensing among others. It operates in a single segment being IT and IT enabled services.

Dev Information Technology (NSE:DEVIT) Headlines

No Headlines