IRIS Business Services (BOM:540735) Days Sales Outstanding : 63.68 (As of Dec. 2023)

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What is IRIS Business Services Days Sales Outstanding?

IRIS Business Services's average Accounts Receivable for the three months ended in Dec. 2023 was ₹190.8 Mil. IRIS Business Services's Revenue for the three months ended in Dec. 2023 was ₹273.4 Mil. Hence, IRIS Business Services's Days Sales Outstanding for the three months ended in Dec. 2023 was 63.68.

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

BOM:540735' s Days Sales Outstanding Range Over the Past 10 Years
Min: 68.48 Med: 96.64 Max: 115.35
Current: 78.34

During the past 11 years, IRIS Business Services's highest Days Sales Outstanding was 115.35. The lowest was 68.48. And the median was 96.64.

BOM:540735's Days Sales Outstanding is ranked worse than
65.04% of 2729 companies
in the Software industry
Industry Median: 61.68 vs BOM:540735: 78.34

IRIS Business Services's Days Sales Outstanding declined from Dec. 2022 (75.56) to Dec. 2023 (63.68).

IRIS Business Services Days Sales Outstanding Historical Data

The historical data trend for IRIS Business Services'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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IRIS Business Services Days Sales Outstanding Chart

IRIS Business Services Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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115.35

103.78

96.95

86.00

100.42

IRIS Business Services Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															75.56	110.25	109.86	72.65	63.68

Competitive Comparison of IRIS Business Services's Days Sales Outstanding

For the Software - Application subindustry, IRIS Business Services'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.

IRIS Business Services's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where IRIS Business Services's Days Sales Outstanding falls into.

IRIS Business Services 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.

IRIS Business Services'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
=	( (156.473	+	248.361)	/	2 )	/	735.712	*	365
=	202.417					/	735.712	*	365
=	100.42

IRIS Business Services's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (190.84	+	0)	/	1 )	/	273.442	*	365 / 4
=	190.84					/	273.442	*	365 / 4
=	63.68

IRIS Business Services (BOM:540735) Days Sales Outstanding Explanation

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

IRIS Business Services Days Sales Outstanding Related Terms

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IRIS Business Services (BOM:540735) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » IRIS Business Services Ltd (BOM:540735) » Definitions » Days Sales Outstanding

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IRIS:India

Address

T-231, International Infortech Park, Tower 2, 3rd Floor, Vashi, Navi Mumbai, MH, IND, 400703

Website

https://www.irisbusiness.com

IRIS Business Services Ltd is a provider of software products for compliance, data, and analytics. It offers products such as IRIS CARBON, a cloud-based filing platform that helps companies and mutual funds to meet their enterprise reporting needs, IRIS FinX, an integrated consolidation application, which enables end-to-end financial reporting by extracting data from various source; IRIS Data Consumption Platform, a structured data repository to access financial and non-financial data of public and private companies and IRIS iDEAL, a regulation reporting application for banks and financial institutions. The group's segments are Collect, Create and Consume. Its geographic segments are Middle Eastern Countries, America (including Canada and South American countries), Europe, India, Others.

IRIS Business Services (BOM:540735) Headlines

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