Tata Consultancy Services (NSE:TCS) Days Sales Outstanding : 66.21 (As of Mar. 2024)

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What is Tata Consultancy Services Days Sales Outstanding?

Tata Consultancy Services's average Accounts Receivable for the three months ended in Mar. 2024 was ₹444,340 Mil. Tata Consultancy Services's Revenue for the three months ended in Mar. 2024 was ₹612,370 Mil. Hence, Tata Consultancy Services's Days Sales Outstanding for the three months ended in Mar. 2024 was 66.21.

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

NSE:TCS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 42.23 Med: 66.23 Max: 74.77
Current: 64.11

During the past 13 years, Tata Consultancy Services's highest Days Sales Outstanding was 74.77. The lowest was 42.23. And the median was 66.23.

NSE:TCS's Days Sales Outstanding is ranked worse than
51.78% of 2725 companies
in the Software industry
Industry Median: 61.83 vs NSE:TCS: 64.11

Tata Consultancy Services's Days Sales Outstanding increased from Mar. 2023 (63.23) to Mar. 2024 (66.21).

Tata Consultancy Services Days Sales Outstanding Historical Data

The historical data trend for Tata Consultancy 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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Tata Consultancy Services Days Sales Outstanding Chart

Tata Consultancy Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

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67.30

67.38

61.06

60.81

64.76

Tata Consultancy Services Quarterly Data
	Jun19	Sep19	Dec19	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															63.23	63.41	64.03	63.71	66.21

Competitive Comparison of Tata Consultancy Services's Days Sales Outstanding

For the Information Technology Services subindustry, Tata Consultancy 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.

Tata Consultancy Services's Days Sales Outstanding Distribution in the Software Industry

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

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

Tata Consultancy 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.

Tata Consultancy Services'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
=	( (410490	+	444340)	/	2 )	/	2408930	*	365
=	427415					/	2408930	*	365
=	64.76

Tata Consultancy Services'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	+	444340)	/	1 )	/	612370	*	365 / 4
=	444340					/	612370	*	365 / 4
=	66.21

Tata Consultancy Services (NSE:TCS) Days Sales Outstanding Explanation

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

Tata Consultancy Services Days Sales Outstanding Related Terms

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Tata Consultancy Services (NSE:TCS) Business Description

Industry

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532540:India

Address

Raveline Street, TCS House, Fort, Mumbai, MH, IND, 400001

Website

http://www.tcs.com

Tata Consultancy Services is a leading global IT services provider, with nearly 450,000 employees. Based in Mumbai, the India IT services firm leverages its offshore outsourcing model to derive half of its revenue from North America. The company offers traditional IT services offerings: consulting, managed services, and cloud infrastructure services as well as business process outsourcing as a service, or BPaaS.