Comfort Fincap (BOM:535267) Days Sales Outstanding : 0.23 (As of Mar. 2024)

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What is Comfort Fincap Days Sales Outstanding?

Comfort Fincap's average Accounts Receivable for the three months ended in Mar. 2024 was ₹0.07 Mil. Comfort Fincap's Revenue for the three months ended in Mar. 2024 was ₹28.78 Mil. Hence, Comfort Fincap's Days Sales Outstanding for the three months ended in Mar. 2024 was 0.23.

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

BOM:535267' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.6 Med: 1.35 Max: 29.04
Current: 1.17

During the past 13 years, Comfort Fincap's highest Days Sales Outstanding was 29.04. The lowest was 0.60. And the median was 1.35.

BOM:535267's Days Sales Outstanding is ranked better than
93.63% of 267 companies
in the Credit Services industry
Industry Median: 42.35 vs BOM:535267: 1.17

Comfort Fincap's Days Sales Outstanding declined from Dec. 2022 (3.46) to Mar. 2024 (0.23).

Comfort Fincap Days Sales Outstanding Historical Data

The historical data trend for Comfort Fincap'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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Comfort Fincap Days Sales Outstanding Chart

Comfort Fincap Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

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0.60

0.80

1.33

1.37

0.96

Comfort Fincap Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															3.46	1.66	1.12	0.76	0.23

Competitive Comparison of Comfort Fincap's Days Sales Outstanding

For the Credit Services subindustry, Comfort Fincap'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.

Comfort Fincap's Days Sales Outstanding Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Comfort Fincap's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Comfort Fincap's Days Sales Outstanding falls into.

Comfort Fincap 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.

Comfort Fincap'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
=	( (0.546	+	0.074)	/	2 )	/	117.522	*	365
=	0.31					/	117.522	*	365
=	0.96

Comfort Fincap'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	+	0.074)	/	1 )	/	28.78	*	365 / 4
=	0.074					/	28.78	*	365 / 4
=	0.23

Comfort Fincap (BOM:535267) Days Sales Outstanding Explanation

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

Comfort Fincap Days Sales Outstanding Related Terms

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Comfort Fincap (BOM:535267) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Comfort Fincap Ltd (BOM:535267) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

S.V. Road, Opposite Natraj Market, A-301, Hetal Arch, Malad (West), Mumbai, MH, IND, 400064

Website

http://www.comfortfincap.com

Comfort Fincap Ltd is an India based non-banking financial company. It provides various financial solutions to commercial, industrial and financial clients. Its offerings include advancing loans against listed shares, securities, and properties, corporate loans, personal loans, trade financing, promoter funding, IPO (initial public offer) financing, bills discounting, margin funding, trading in shares and securities and arbitrage business in stock and commodity market. It generates revenue in the form of professional fees and interest income received from loans and advances and term deposits.

Comfort Fincap (BOM:535267) Headlines

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