Ahasolar Technologies (BOM:543941) Days Sales Outstanding : 36.39 (As of Mar. 2023)

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What is Ahasolar Technologies Days Sales Outstanding?

Ahasolar Technologies's average Accounts Receivable for the six months ended in Mar. 2023 was ₹21.0 Mil. Ahasolar Technologies's Revenue for the six months ended in Mar. 2023 was ₹210.4 Mil. Hence, Ahasolar Technologies's Days Sales Outstanding for the six months ended in Mar. 2023 was 18.20.

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

BOM:543941' s Days Sales Outstanding Range Over the Past 10 Years
Min: 16.87 Med: 45.35 Max: 98.41
Current: 36.39

During the past 4 years, Ahasolar Technologies's highest Days Sales Outstanding was 98.41. The lowest was 16.87. And the median was 45.35.

BOM:543941's Days Sales Outstanding is ranked better than
80.36% of 2729 companies
in the Software industry
Industry Median: 61.68 vs BOM:543941: 36.39

Ahasolar Technologies's Days Sales Outstanding declined from Mar. 2021 (54.30) to Mar. 2023 (36.39).

Ahasolar Technologies Days Sales Outstanding Historical Data

The historical data trend for Ahasolar 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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Ahasolar Technologies Days Sales Outstanding Chart

Ahasolar Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

98.41

54.30

16.87

36.39

Ahasolar Technologies Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Days Sales Outstanding	98.41	54.30	16.87	36.39

Competitive Comparison of Ahasolar Technologies's Days Sales Outstanding

For the Software - Application subindustry, Ahasolar 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.

Ahasolar Technologies's Days Sales Outstanding Distribution in the Software Industry

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

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

Ahasolar 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.

Ahasolar 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
=	( (13.726	+	28.232)	/	2 )	/	210.423	*	365
=	20.979					/	210.423	*	365
=	36.39

Ahasolar Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding (Q: 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
=	( (13.726	+	28.232)	/	2 )	/	210.423	*	365 / 2
=	20.979					/	210.423	*	365 / 2
=	18.20

Ahasolar Technologies (BOM:543941) Days Sales Outstanding Explanation

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

Ahasolar Technologies Days Sales Outstanding Related Terms

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Ahasolar Technologies (BOM:543941) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ahasolar Technologies Ltd (BOM:543941) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sattadhar Cross Road, Office No. 207, Kalasagar Shopping Hub, Opposite Saibaba Temple, Ghatlodiya, Ahmedabad, GJ, IND, 380061

Website

https://www.ahasolar.in

Ahasolar Technologies Ltd is engaged in the business of Cleantech enabling Energy Transition through Digital Transformation and henceforth empowering stakeholders to adopt renewable energy. Its primary focus in renewable energy has been in the solar industry and to cater to it the company developed an AI-based intelligent Solar Digital Platform. It has developed Software as a Service (SaaS) products for solar companies to streamline the processes, design PV, do project management, and monitor generation along with an integrated Marketplace to connect the demand & supply digitally. The company's core businesses are Solar Software Services, Solar Marketplace, and Solar Advisory and Consultancy services.

Ahasolar Technologies (BOM:543941) Headlines

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