Sumedha Fiscal Services (BOM:530419) Days Sales Outstanding : 6.58 (As of Mar. 2024)

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What is Sumedha Fiscal Services Days Sales Outstanding?

Sumedha Fiscal Services's average Accounts Receivable for the three months ended in Mar. 2024 was ₹23.3 Mil. Sumedha Fiscal Services's Revenue for the three months ended in Mar. 2024 was ₹323.3 Mil. Hence, Sumedha Fiscal Services's Days Sales Outstanding for the three months ended in Mar. 2024 was 6.58.

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

BOM:530419' s Days Sales Outstanding Range Over the Past 10 Years
Min: 8.42 Med: 94.26 Max: 159.53
Current: 8.5

During the past 13 years, Sumedha Fiscal Services's highest Days Sales Outstanding was 159.53. The lowest was 8.42. And the median was 94.26.

BOM:530419's Days Sales Outstanding is ranked better than
85.66% of 558 companies
in the Capital Markets industry
Industry Median: 65.94 vs BOM:530419: 8.50

Sumedha Fiscal Services's Days Sales Outstanding declined from Mar. 2023 (18.11) to Mar. 2024 (6.58).

Sumedha Fiscal Services Days Sales Outstanding Historical Data

The historical data trend for Sumedha Fiscal 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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Sumedha Fiscal Services Days Sales Outstanding Chart

Sumedha Fiscal Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

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78.61

94.02

18.38

11.60

8.42

Sumedha Fiscal 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															18.11	11.23	8.02	10.21	6.58

Competitive Comparison of Sumedha Fiscal Services's Days Sales Outstanding

For the Capital Markets subindustry, Sumedha Fiscal 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.

Sumedha Fiscal Services's Days Sales Outstanding Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Sumedha Fiscal Services's Days Sales Outstanding distribution charts can be found below:

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

Sumedha Fiscal 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.

Sumedha Fiscal 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
=	( (19.838	+	23.317)	/	2 )	/	935.643	*	365
=	21.5775					/	935.643	*	365
=	8.42

Sumedha Fiscal 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	+	23.317)	/	1 )	/	323.321	*	365 / 4
=	23.317					/	323.321	*	365 / 4
=	6.58

Sumedha Fiscal Services (BOM:530419) Days Sales Outstanding Explanation

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

Sumedha Fiscal Services Days Sales Outstanding Related Terms

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Sumedha Fiscal Services (BOM:530419) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Sumedha Fiscal Services Ltd (BOM:530419) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

8B Middleton Street, 6A Geetanjali, Kolkata, WB, IND, 700 071

Website

https://www.sumedhafiscal.com

Sumedha Fiscal Services Ltd is engaged in providing financial services. It operates in the investment banking segment. The Company is engaged in providing various fee-based services such as fund mobilization through the issuance of debt, quasi-equity, structured hybrid instruments, etc. corporate restructuring, trading, and loan syndications. Its vast clientele includes India's public and private corporates. The Company engaged in the business of Investment Banking which constitutes a single reporting segment.

Sumedha Fiscal Services (BOM:530419) Headlines

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