Quicktouch Technologies (NSE:QUICKTOUCH) Days Sales Outstanding : 88.85 (As of Mar. 2023)

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What is Quicktouch Technologies Days Sales Outstanding?

Quicktouch Technologies's average Accounts Receivable for the six months ended in Mar. 2023 was ₹213.9 Mil. Quicktouch Technologies's Revenue for the six months ended in Mar. 2023 was ₹878.6 Mil. Hence, Quicktouch Technologies's Days Sales Outstanding for the six months ended in Mar. 2023 was 44.42.

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

NSE:QUICKTOUCH' s Days Sales Outstanding Range Over the Past 10 Years
Min: 62.96 Med: 87.98 Max: 121.48
Current: 88.85

During the past 6 years, Quicktouch Technologies's highest Days Sales Outstanding was 121.48. The lowest was 62.96. And the median was 87.98.

NSE:QUICKTOUCH's Days Sales Outstanding is ranked worse than
71.64% of 2736 companies
in the Software industry
Industry Median: 61.68 vs NSE:QUICKTOUCH: 88.85

Quicktouch Technologies's Days Sales Outstanding increased from Mar. 2021 (87.10) to Mar. 2023 (88.85).

Quicktouch Technologies Days Sales Outstanding Historical Data

The historical data trend for Quicktouch Technologies'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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Quicktouch Technologies Days Sales Outstanding Chart

Quicktouch Technologies Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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93.73

121.48

87.10

62.96

88.85

Quicktouch Technologies Semi-Annual Data
	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Days Sales Outstanding	Get a 7-Day Free Trial			93.73	121.48	87.10	62.96	88.85

Competitive Comparison of Quicktouch Technologies's Days Sales Outstanding

For the Information Technology Services subindustry, Quicktouch Technologies'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.

Quicktouch Technologies's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Quicktouch Technologies's Days Sales Outstanding falls into.

Quicktouch Technologies 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.

Quicktouch Technologies'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
=	( (66.057	+	361.686)	/	2 )	/	878.629	*	365
=	213.8715					/	878.629	*	365
=	88.85

Quicktouch Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding (Q: 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
=	( (66.057	+	361.686)	/	2 )	/	878.629	*	365 / 2
=	213.8715					/	878.629	*	365 / 2
=	44.42

Quicktouch Technologies (NSE:QUICKTOUCH) Days Sales Outstanding Explanation

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

Quicktouch Technologies Days Sales Outstanding Related Terms

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Quicktouch Technologies (NSE:QUICKTOUCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Quicktouch Technologies Ltd (NSE:QUICKTOUCH) » Definitions » Days Sales Outstanding

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Address

Netaji Subhash Place, Office No. 203, 2nd Floor, D-Mall, Pitampura, Delhi, IND, 110034

Website

https://www.quicktouch.co.in

Quicktouch Technologies Ltd is an information technology company. The company is in the business of Software IT solutions and Consulting Services, IT Product/Software Development and Software Commercial Training, and Web designing. The company offers Experience Designing, Software Engineering, Content Engineering, Digital Accelerators, Data & Analytics, Data Management & Cloud Adoption.

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