Mahaveer Infoway (BOM:539383) Days Sales Outstanding : 43.41 (As of Dec. 2023)

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What is Mahaveer Infoway Days Sales Outstanding?

Mahaveer Infoway's average Accounts Receivable for the three months ended in Dec. 2023 was ₹7.60 Mil. Mahaveer Infoway's Revenue for the three months ended in Dec. 2023 was ₹15.97 Mil. Hence, Mahaveer Infoway's Days Sales Outstanding for the three months ended in Dec. 2023 was 43.41.

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

BOM:539383' s Days Sales Outstanding Range Over the Past 10 Years
Min: 38.07 Med: 130.15 Max: 1080.46
Current: 60.21

During the past 13 years, Mahaveer Infoway's highest Days Sales Outstanding was 1080.46. The lowest was 38.07. And the median was 130.15.

BOM:539383's Days Sales Outstanding is ranked better than
51.82% of 2725 companies
in the Software industry
Industry Median: 61.89 vs BOM:539383: 60.21

Mahaveer Infoway's Days Sales Outstanding declined from Dec. 2022 (101.49) to Dec. 2023 (43.41).

Mahaveer Infoway Days Sales Outstanding Historical Data

The historical data trend for Mahaveer Infoway'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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Mahaveer Infoway Days Sales Outstanding Chart

Mahaveer Infoway Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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1,080.46

344.60

507.97

184.54

112.31

Mahaveer Infoway 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															101.49	71.63	60.73	41.53	43.41

Competitive Comparison of Mahaveer Infoway's Days Sales Outstanding

For the Software - Application subindustry, Mahaveer Infoway'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.

Mahaveer Infoway's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Mahaveer Infoway's Days Sales Outstanding falls into.

Mahaveer Infoway 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.

Mahaveer Infoway'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
=	( (14.836	+	10.429)	/	2 )	/	41.056	*	365
=	12.6325					/	41.056	*	365
=	112.31

Mahaveer Infoway'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
=	( (7.6	+	0)	/	1 )	/	15.974	*	365 / 4
=	7.6					/	15.974	*	365 / 4
=	43.41

Mahaveer Infoway (BOM:539383) Days Sales Outstanding Explanation

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

Mahaveer Infoway Days Sales Outstanding Related Terms

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Mahaveer Infoway (BOM:539383) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mahaveer Infoway Ltd (BOM:539383) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

7-1-24/2/C, 301/A, Dhansi Surabhi Complex, Greenlands, Ameerpet, Hyderabad, TG, IND, 500016

Website

http://www.minfy.com

Mahaveer Infoway Ltd is a provider of Technology-oriented solutions and has business operations in the fields of Software Development, IT Consulting, Networking Solutions, Software Testing, and Offshore Staffing. The company also offers consulting and information technology (IT) services. It provides a range of services, including software development, Cloud Services in partnership with Amazon, Product and Application testing, packaged software integration, system maintenance, and engineering design services. Its software products segment engages in the product development and creation of propriety software. It generates the majority of its revenue from the sale of trading goods and software development and related services.

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