Innovana Thinklabs (NSE:INNOVANA) Days Sales Outstanding : 34.60 (As of Sep. 2023)

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What is Innovana Thinklabs Days Sales Outstanding?

Innovana Thinklabs's average Accounts Receivable for the six months ended in Sep. 2023 was ₹101 Mil. Innovana Thinklabs's Revenue for the six months ended in Sep. 2023 was ₹533 Mil. Hence, Innovana Thinklabs's Days Sales Outstanding for the six months ended in Sep. 2023 was 34.60.

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

NSE:INNOVANA' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.03 Med: 0.61 Max: 25.91
Current: 25.83

During the past 8 years, Innovana Thinklabs's highest Days Sales Outstanding was 25.91. The lowest was 0.03. And the median was 0.61.

NSE:INNOVANA's Days Sales Outstanding is ranked better than
88.51% of 2734 companies
in the Software industry
Industry Median: 61.68 vs NSE:INNOVANA: 25.83

Innovana Thinklabs's Days Sales Outstanding increased from Sep. 2022 (11.99) to Sep. 2023 (34.60).

Innovana Thinklabs Days Sales Outstanding Historical Data

The historical data trend for Innovana Thinklabs'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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Innovana Thinklabs Days Sales Outstanding Chart

Innovana Thinklabs Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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0.06

0.03

1.10

7.04

25.91

Innovana Thinklabs Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial										1.47	9.89	11.99	19.92	34.60

Competitive Comparison of Innovana Thinklabs's Days Sales Outstanding

For the Software - Application subindustry, Innovana Thinklabs'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.

Innovana Thinklabs's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Innovana Thinklabs's Days Sales Outstanding falls into.

Innovana Thinklabs 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.

Innovana Thinklabs'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
=	( (20.512	+	91.927)	/	2 )	/	791.855	*	365
=	56.2195					/	791.855	*	365
=	25.91

Innovana Thinklabs'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
=	( (91.927	+	110.055)	/	2 )	/	532.68	*	365 / 2
=	100.991					/	532.68	*	365 / 2
=	34.60

Innovana Thinklabs (NSE:INNOVANA) Days Sales Outstanding Explanation

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

Innovana Thinklabs Days Sales Outstanding Related Terms

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Innovana Thinklabs (NSE:INNOVANA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Innovana Thinklabs Ltd (NSE:INNOVANA) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

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Address

Plot No. D-41, Patrakar Colony, Raja Park, Near Jawahar Nagar Moti Dungri Vistar Yojna, Jaipur, RJ, IND, 302004

Website

https://www.innovanathinklabs.com

Innovana Thinklabs Ltd is engaged in software and application development business services to the retail user. Principally, the company designs, develop and maintain software systems and solutions, as well as create new applications and enhance the functionality of existing software products. Its product portfolio consists of application and software such as adblocker, disk cleanup, space reviver, file opener, and privacy protector. In addition, the company also produces application and software such as advance password manager, advanced identity protector, malware protection, disk speedup, systems boost, and web protection.

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