Sparta Commercial Services (Sparta Commercial Services) Days Sales Outstanding : 4.93 (As of Jan. 2024)

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What is Sparta Commercial Services Days Sales Outstanding?

Sparta Commercial Services's average Accounts Receivable for the three months ended in Jan. 2024 was $0.00 Mil. Sparta Commercial Services's Revenue for the three months ended in Jan. 2024 was $0.04 Mil. Hence, Sparta Commercial Services's Days Sales Outstanding for the three months ended in Jan. 2024 was 4.93.

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

SRCO' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.4 Med: 3.66 Max: 128.82
Current: 3.33

During the past 13 years, Sparta Commercial Services's highest Days Sales Outstanding was 128.82. The lowest was 1.40. And the median was 3.66.

SRCO's Days Sales Outstanding is ranked better than
98.75% of 2730 companies
in the Software industry
Industry Median: 61.83 vs SRCO: 3.33

Sparta Commercial Services's Days Sales Outstanding declined from Jan. 2023 (32.08) to Jan. 2024 (4.93).

Sparta Commercial Services Days Sales Outstanding Historical Data

The historical data trend for Sparta Commercial 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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Sparta Commercial Services Days Sales Outstanding Chart

Sparta Commercial Services Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Days Sales Outstanding

Get a 7-Day Free Trial

3.32

2.27

1.40

Sparta Commercial Services Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Sales Outstanding	Get a 7-Day Free Trial															32.08	2.68	-	1.75	4.93

Competitive Comparison of Sparta Commercial Services's Days Sales Outstanding

For the Software - Application subindustry, Sparta Commercial 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.

Sparta Commercial Services's Days Sales Outstanding Distribution in the Software Industry

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

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

Sparta Commercial 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.

Sparta Commercial Services's Days Sales Outstanding for the fiscal year that ended in Apr. 2023 is calculated as

	Days Sales Outstanding (A: Apr. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Apr. 2022 )	+	Accounts Receivable (A: Apr. 2023 ))	/	count )	/	Revenue (A: Apr. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.257	*	365
=	0					/	0.257	*	365
=	0.00

Sparta Commercial Services's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding (Q: Jan. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Oct. 2023 )	+	Accounts Receivable (A: Jan. 2024 ))	/	count )	/	Revenue (A: Jan. 2024 )	*	Days in Period
=	( (0.001	+	0.003)	/	2 )	/	0.037	*	365 / 4
=	0.002					/	0.037	*	365 / 4
=	4.93

Sparta Commercial Services (OTCPK:SRCO) Days Sales Outstanding Explanation

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

Sparta Commercial Services Days Sales Outstanding Related Terms

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Sparta Commercial Services (Sparta Commercial Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sparta Commercial Services Inc (OTCPK:SRCO) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

555 Fifth Avenue, 14th Floor, New York, NY, USA, 10017

Website

https://www.spartacommercial.com

Sparta Commercial Services Inc through its subsidiaries offers technology products and services. The company develops, manages, and markets its business mobile applications for smartphones and tablets. Its mobile application offerings range from racetracks, private clubs, country clubs, restaurants, and grocery stores. The company serves small and medium-size businesses under the tradename iMobileApp. It generates maximum revenue from the application source.

Executives

Jeffrey Buchanan Bean	director	325 COTTON AVENUE, MACON GA 31201
Anthony L Havens	director, officer: CEO	555 FIFTH AVE., 14TH FLOOR, NEW YORK NY 10017
Sandra L Ahman	director, officer: VP	555 FIFTH AVE, 14TH FLOOR, NEW YORK NY 10017
Kristian Srb	director, 10 percent owner	555 FIFTH AVE., 14TH FLOOR, NEW YORK NY 10017
Richard P Trotter	officer: COO	370 LEXINGTON AVE., SUITE 1901, NEW YORK NY 10017
Anthony William Adler	officer: EVP	462 SEVENTH AVENUE, 20TH FLOOR, NEW YORK NY 10018
Leo Long	other: 8.85% OWNER	9109 LORIET BLVD., LENEXA KS 66219
Glenn Little	other: 5% Owner	211 WEST WALL ST, MIDLAND TX 70701
Michael J Mele	officer: Chief Financial Officer	462 SEVENTH AVE, 20TH FL., C/O SPARTA COMMERCIAL SERVICES, INC., NEW YORK NY 10018
Danny Lanjewar	officer: Chief Financial Officer