Lex Nimble Solutions (BOM:541196) Days Sales Outstanding : 33.93 (As of Sep. 2023)

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What is Lex Nimble Solutions Days Sales Outstanding?

Lex Nimble Solutions's average Accounts Receivable for the six months ended in Sep. 2023 was ₹4.26 Mil. Lex Nimble Solutions's Revenue for the six months ended in Sep. 2023 was ₹22.89 Mil. Hence, Lex Nimble Solutions's Days Sales Outstanding for the six months ended in Sep. 2023 was 33.93.

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

BOM:541196' s Days Sales Outstanding Range Over the Past 10 Years
Min: 22.79 Med: 112.86 Max: 338.46
Current: 30.77

During the past 11 years, Lex Nimble Solutions's highest Days Sales Outstanding was 338.46. The lowest was 22.79. And the median was 112.86.

BOM:541196's Days Sales Outstanding is ranked better than
85.26% of 2728 companies
in the Software industry
Industry Median: 61.85 vs BOM:541196: 30.77

Lex Nimble Solutions's Days Sales Outstanding increased from Sep. 2022 (22.99) to Sep. 2023 (33.93).

Lex Nimble Solutions Days Sales Outstanding Historical Data

The historical data trend for Lex Nimble Solutions'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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Lex Nimble Solutions Days Sales Outstanding Chart

Lex Nimble Solutions Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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106.26

35.15

37.82

22.79

26.56

Lex Nimble Solutions Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial													25.73	12.95	22.99	31.12	33.93

Competitive Comparison of Lex Nimble Solutions's Days Sales Outstanding

For the Information Technology Services subindustry, Lex Nimble Solutions'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.

Lex Nimble Solutions's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Lex Nimble Solutions's Days Sales Outstanding falls into.

Lex Nimble Solutions 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.

Lex Nimble Solutions'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
=	( (1.439	+	4.846)	/	2 )	/	43.183	*	365
=	3.1425					/	43.183	*	365
=	26.56

Lex Nimble Solutions'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
=	( (4.846	+	3.664)	/	2 )	/	22.885	*	365 / 2
=	4.255					/	22.885	*	365 / 2
=	33.93

Lex Nimble Solutions (BOM:541196) Days Sales Outstanding Explanation

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

Lex Nimble Solutions Days Sales Outstanding Related Terms

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Lex Nimble Solutions (BOM:541196) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Lex Nimble Solutions Ltd (BOM:541196) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Quardant 3, Module A1, Cyber Towers, 10th Floor, Hitech City, Madhapur, Hyderabad, TG, IND, 500 081

Website

https://www.lexnimble.in

Lex Nimble Solutions Ltd is engaged in IT consulting, support and solutions and appraisal advisory, certification, training and related services on quality models. The company's business segments are Software services and Consulting services. It derives key revenue from the Consulting services segment which covers IT staffing, Support Services and Payroll and accounting Service; and Quality Certification, Consulting and Training. Geographically, the group has customers located within India and other countries.

Lex Nimble Solutions (BOM:541196) Headlines

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