Wherrelz IT Solutions (BOM:543436) Days Sales Outstanding : 0.33 (As of Mar. 2024)

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What is Wherrelz IT Solutions Days Sales Outstanding?

Wherrelz IT Solutions's average Accounts Receivable for the six months ended in Mar. 2024 was ₹0.15 Mil. Wherrelz IT Solutions's Revenue for the six months ended in Mar. 2024 was ₹83.84 Mil. Hence, Wherrelz IT Solutions's Days Sales Outstanding for the six months ended in Mar. 2024 was 0.33.

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

BOM:543436' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.56 Med: 10.76 Max: 22.54
Current: 1.17

During the past 6 years, Wherrelz IT Solutions's highest Days Sales Outstanding was 22.54. The lowest was 0.56. And the median was 10.76.

BOM:543436's Days Sales Outstanding is ranked better than
99.52% of 2725 companies
in the Software industry
Industry Median: 61.83 vs BOM:543436: 1.17

Wherrelz IT Solutions's Days Sales Outstanding declined from Mar. 2023 (14.52) to Mar. 2024 (0.33).

Wherrelz IT Solutions Days Sales Outstanding Historical Data

The historical data trend for Wherrelz IT Solutions'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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Wherrelz IT Solutions Days Sales Outstanding Chart

Wherrelz IT Solutions Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

Get a 7-Day Free Trial

10.72

22.54

10.79

19.00

1.52

Wherrelz IT Solutions Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial				9.47	4.45	14.52	23.19	0.33

Competitive Comparison of Wherrelz IT Solutions's Days Sales Outstanding

For the Information Technology Services subindustry, Wherrelz IT Solutions'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.

Wherrelz IT Solutions's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Wherrelz IT Solutions's Days Sales Outstanding falls into.

Wherrelz IT Solutions 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.

Wherrelz IT Solutions'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
=	( (0.524	+	0.196)	/	2 )	/	86.331	*	365
=	0.36					/	86.331	*	365
=	1.52

Wherrelz IT Solutions'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: Sep. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (0.109	+	0.196)	/	2 )	/	83.84	*	365 / 2
=	0.1525					/	83.84	*	365 / 2
=	0.33

Wherrelz IT Solutions (BOM:543436) Days Sales Outstanding Explanation

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

Wherrelz IT Solutions Days Sales Outstanding Related Terms

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Wherrelz IT Solutions (BOM:543436) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wherrelz IT Solutions Ltd (BOM:543436) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 15, Road 10, Sector 1, New Panvel East, Raigarh, MH, IND, 410 206

Website

https://www.wherrelz.in

Wherrelz IT Solutions Ltd is engaged in the business of web-centric, multi-spectrum IT Product development and maintenance and provision of IT Consultancy. The company provides a wide range of services such as Enterprise Risk Management, Enterprise Resource Planning, E-Commerce, Application programming interface, Cyber Security, Internet of Things, cloud-based tools and others through standard software development model or customized software development model depending upon the requirement of the clients.

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