CG-Vak Software & Exports (BOM:531489) Days Sales Outstanding : 66.70 (As of Dec. 2023)

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What is CG-Vak Software & Exports Days Sales Outstanding?

CG-Vak Software & Exports's average Accounts Receivable for the three months ended in Dec. 2023 was ₹138.4 Mil. CG-Vak Software & Exports's Revenue for the three months ended in Dec. 2023 was ₹189.4 Mil. Hence, CG-Vak Software & Exports's Days Sales Outstanding for the three months ended in Dec. 2023 was 66.70.

The historical rank and industry rank for CG-Vak Software & Exports's Days Sales Outstanding or its related term are showing as below:

BOM:531489' s Days Sales Outstanding Range Over the Past 10 Years
Min: 55.82 Med: 72.13 Max: 112.63
Current: 67.94

During the past 13 years, CG-Vak Software & Exports's highest Days Sales Outstanding was 112.63. The lowest was 55.82. And the median was 72.13.

BOM:531489's Days Sales Outstanding is ranked worse than
56.08% of 2721 companies
in the Software industry
Industry Median: 62.03 vs BOM:531489: 67.94

CG-Vak Software & Exports's Days Sales Outstanding increased from Dec. 2022 (34.31) to Dec. 2023 (66.70).

CG-Vak Software & Exports Days Sales Outstanding Historical Data

The historical data trend for CG-Vak Software & Exports'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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CG-Vak Software & Exports Days Sales Outstanding Chart

CG-Vak Software & Exports Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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55.82

62.07

59.72

70.56

60.41

CG-Vak Software & Exports Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															34.31	-	46.84	62.54	66.70

Competitive Comparison of CG-Vak Software & Exports's Days Sales Outstanding

For the Software - Application subindustry, CG-Vak Software & Exports'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.

CG-Vak Software & Exports's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, CG-Vak Software & Exports's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where CG-Vak Software & Exports's Days Sales Outstanding falls into.

CG-Vak Software & Exports 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.

CG-Vak Software & Exports'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
=	( (75.171	+	106.548)	/	2 )	/	548.933	*	365
=	90.8595					/	548.933	*	365
=	60.41

CG-Vak Software & Exports's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (138.402	+	0)	/	1 )	/	189.352	*	365 / 4
=	138.402					/	189.352	*	365 / 4
=	66.70

CG-Vak Software & Exports (BOM:531489) Days Sales Outstanding Explanation

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

CG-Vak Software & Exports Days Sales Outstanding Related Terms

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CG-Vak Software & Exports (BOM:531489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CG-Vak Software & Exports Ltd (BOM:531489) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

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Address

No. 171, Mettupalayam Road, Coimbatore, TN, IND, 641043

Website

https://www.cgvak.com

CG-Vak Software & Exports Ltd is an Indian company that is engaged in the provision of software products and services. The firm has operations in single segment being the software business. It offers services including product maintenance, product testing, product migration, and custom software services web site design, IT management and software development. Substantial revenue is generated from exports to North America. It offers services to North America and the rest of the world.

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