Veefin Solutions (BOM:543931) Days Sales Outstanding : 116.69 (As of Mar. 2024)

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What is Veefin Solutions Days Sales Outstanding?

Veefin Solutions's average Accounts Receivable for the six months ended in Mar. 2024 was ₹101.8 Mil. Veefin Solutions's Revenue for the six months ended in Mar. 2024 was ₹159.2 Mil. Hence, Veefin Solutions's Days Sales Outstanding for the six months ended in Mar. 2024 was 116.69.

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

BOM:543931' s Days Sales Outstanding Range Over the Past 10 Years
Min: 21.45 Med: 35.34 Max: 148.76
Current: 148.76

During the past 4 years, Veefin Solutions's highest Days Sales Outstanding was 148.76. The lowest was 21.45. And the median was 35.34.

BOM:543931's Days Sales Outstanding is ranked worse than
85.8% of 2725 companies
in the Software industry
Industry Median: 61.83 vs BOM:543931: 148.76

Veefin Solutions's Days Sales Outstanding increased from Mar. 2023 (0.00) to Mar. 2024 (116.69).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Veefin Solutions Days Sales Outstanding Historical Data

The historical data trend for Veefin 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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Veefin Solutions Days Sales Outstanding Chart

Veefin Solutions Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

45.01

25.67

21.45

142.57

Veefin Solutions Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
Days Sales Outstanding	-	-	-	213.69	116.69

Competitive Comparison of Veefin Solutions's Days Sales Outstanding

For the Software - Infrastructure subindustry, Veefin 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.

Veefin Solutions's Days Sales Outstanding Distribution in the Software Industry

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

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

Veefin 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.

Veefin 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	+	97.54)	/	1 )	/	249.72	*	365
=	97.54					/	249.72	*	365
=	142.57

Veefin 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
=	( (106.014	+	97.54)	/	2 )	/	159.178	*	365 / 2
=	101.777					/	159.178	*	365 / 2
=	116.69

Veefin Solutions (BOM:543931) Days Sales Outstanding Explanation

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

Veefin Solutions Days Sales Outstanding Related Terms

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Veefin Solutions (BOM:543931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Veefin Solutions Ltd (BOM:543931) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kirol Road, Office No-601, 602 & 603, Neelkanth Corporate IT Park, Vidhyavihar, Mumbai, MH, IND, 400 086

Website

https://www.veefin.com

Veefin Solutions Ltd is a Digital Lending and Supply Chain Finance (SCF) technology product solutions company based in Mumbai. Supply Chain Finance is a financial tool that is used to help businesses manage their cash flows and improve their working capital. The company provides its product solutions to a wide range of clients globally, including Banks, Non-Banking Financial Institutions, FinTech, Marketplaces, and Corporates. Its technology product solutions are offerings, which are designed with a user-led approach, data, and analytics, and built by experienced bankers for bankers. The company operates in two segments; Supply Chain Finance Technology Solutions and Digital Lending Suite Solutions.

Veefin Solutions (BOM:543931) Headlines

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