Ksolves India (NSE:KSOLVES) Days Sales Outstanding : 48.11 (As of Mar. 2024)

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What is Ksolves India Days Sales Outstanding?

Ksolves India's average Accounts Receivable for the three months ended in Mar. 2024 was ₹161 Mil. Ksolves India's Revenue for the three months ended in Mar. 2024 was ₹304 Mil. Hence, Ksolves India's Days Sales Outstanding for the three months ended in Mar. 2024 was 48.11.

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

NSE:KSOLVES' s Days Sales Outstanding Range Over the Past 10 Years
Min: 47.12 Med: 51.21 Max: 56.83
Current: 55.42

During the past 7 years, Ksolves India's highest Days Sales Outstanding was 56.83. The lowest was 47.12. And the median was 51.21.

NSE:KSOLVES's Days Sales Outstanding is ranked better than
57.81% of 2728 companies
in the Software industry
Industry Median: 61.675 vs NSE:KSOLVES: 55.42

Ksolves India's Days Sales Outstanding declined from Mar. 2023 (60.70) to Mar. 2024 (48.11).

Ksolves India Days Sales Outstanding Historical Data

The historical data trend for Ksolves India'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.

Ksolves India Days Sales Outstanding Chart

Ksolves India Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

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47.12

50.02

56.83

52.39

Ksolves India Quarterly Data
	Mar18	Mar19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial														60.70	58.04	64.28	58.77	48.11

Competitive Comparison of Ksolves India's Days Sales Outstanding

For the Software - Application subindustry, Ksolves India'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.

Ksolves India's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Ksolves India's Days Sales Outstanding falls into.

Ksolves India 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.

Ksolves India'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
=	( (151.3	+	160.535)	/	2 )	/	1086.373	*	365
=	155.9175					/	1086.373	*	365
=	52.39

Ksolves India'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	+	160.535)	/	1 )	/	304.464	*	365 / 4
=	160.535					/	304.464	*	365 / 4
=	48.11

Ksolves India (NSE:KSOLVES) Days Sales Outstanding Explanation

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

Ksolves India Days Sales Outstanding Related Terms

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Ksolves India (NSE:KSOLVES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ksolves India Ltd (NSE:KSOLVES) » Definitions » Days Sales Outstanding

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543599:India

Address

Parexl, B-4, 1st Floor, B-Block, Sector 63, Noida, UP, IND, 201301

Website

https://www.ksolves.com

Ksolves India Ltd is a certified software service and product company offering solutions that enable client organizations to rapidly develop powerful applications addressing their business needs. This may include automation of routine business functions, making them faster, easier and more accurate and increasing the channels or devices through which these functions can be performed. It is engaged in software development, enterprise solutions and consulting, providing a range of Information Technology (IT) solutions to companies across sectors such as Real Estate, E-commerce, Finance, Telecom and Healthcare. It comprises single-segment software development services.

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