Niks Technology (BOM:543282) Days Sales Outstanding : 73.89 (As of Sep. 2023)

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What is Niks Technology Days Sales Outstanding?

Niks Technology's average Accounts Receivable for the six months ended in Sep. 2023 was ₹7.62 Mil. Niks Technology's Revenue for the six months ended in Sep. 2023 was ₹18.82 Mil. Hence, Niks Technology's Days Sales Outstanding for the six months ended in Sep. 2023 was 73.89.

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

BOM:543282' s Days Sales Outstanding Range Over the Past 10 Years
Min: 39.58 Med: 51.42 Max: 66.53
Current: 61.35

During the past 6 years, Niks Technology's highest Days Sales Outstanding was 66.53. The lowest was 39.58. And the median was 51.42.

BOM:543282's Days Sales Outstanding is ranked better than
50.62% of 2728 companies
in the Software industry
Industry Median: 61.85 vs BOM:543282: 61.35

Niks Technology's Days Sales Outstanding increased from Sep. 2022 (28.51) to Sep. 2023 (73.89).

Niks Technology Days Sales Outstanding Historical Data

The historical data trend for Niks Technology'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.

Niks Technology Days Sales Outstanding Chart

Niks Technology Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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42.13

61.27

59.94

39.58

66.53

Niks Technology Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial					73.42	31.19	28.51	52.61	73.89

Competitive Comparison of Niks Technology's Days Sales Outstanding

For the Information Technology Services subindustry, Niks Technology'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.

Niks Technology's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Niks Technology's Days Sales Outstanding falls into.

Niks Technology 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.

Niks Technology'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
=	( (0.78	+	6.763)	/	2 )	/	20.691	*	365
=	3.7715					/	20.691	*	365
=	66.53

Niks Technology'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
=	( (6.763	+	8.48)	/	2 )	/	18.824	*	365 / 2
=	7.6215					/	18.824	*	365 / 2
=	73.89

Niks Technology (BOM:543282) Days Sales Outstanding Explanation

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

Niks Technology Days Sales Outstanding Related Terms

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Niks Technology (BOM:543282) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Niks Technology Ltd (BOM:543282) » Definitions » Days Sales Outstanding

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Address

Old Bypass Main Road, Flat No. 501, Shiv Laxmi Plaza, Opposite Rajendra Nagar Terminal, Kankarbagh, Patna, BR, IND, 800020

Website

https://www.nikstech.com

Niks Technology Ltd is an information technology solution service provider company. It offers a range of services such as cyber security, digital marketing, software development, website development, mobile app development, android app development, and classroom training and certification courses to students through offline and online routes.

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