Onward Technologies (NSE:ONWARDTEC) Days Sales Outstanding : 56.68 (As of Mar. 2024)

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What is Onward Technologies Days Sales Outstanding?

Onward Technologies's average Accounts Receivable for the three months ended in Mar. 2024 was ₹736 Mil. Onward Technologies's Revenue for the three months ended in Mar. 2024 was ₹1,184 Mil. Hence, Onward Technologies's Days Sales Outstanding for the three months ended in Mar. 2024 was 56.68.

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

NSE:ONWARDTEC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 62.72 Med: 68.07 Max: 75.34
Current: 62.72

During the past 13 years, Onward Technologies's highest Days Sales Outstanding was 75.34. The lowest was 62.72. And the median was 68.07.

NSE:ONWARDTEC's Days Sales Outstanding is ranked worse than
50.97% of 2725 companies
in the Software industry
Industry Median: 61.83 vs NSE:ONWARDTEC: 62.72

Onward Technologies's Days Sales Outstanding declined from Mar. 2023 (68.59) to Mar. 2024 (56.68).

Onward Technologies Days Sales Outstanding Historical Data

The historical data trend for Onward Technologies'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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Onward Technologies Days Sales Outstanding Chart

Onward Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

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67.32

68.81

63.78

65.31

63.67

Onward Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															68.59	69.59	59.75	62.98	56.68

Competitive Comparison of Onward Technologies's Days Sales Outstanding

For the Information Technology Services subindustry, Onward Technologies'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.

Onward Technologies's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Onward Technologies's Days Sales Outstanding falls into.

Onward Technologies 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.

Onward Technologies'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
=	( (912.269	+	735.752)	/	2 )	/	4723.917	*	365
=	824.0105					/	4723.917	*	365
=	63.67

Onward Technologies'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	+	735.752)	/	1 )	/	1184.435	*	365 / 4
=	735.752					/	1184.435	*	365 / 4
=	56.68

Onward Technologies (NSE:ONWARDTEC) Days Sales Outstanding Explanation

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

Onward Technologies Days Sales Outstanding Related Terms

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Onward Technologies (NSE:ONWARDTEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Onward Technologies Ltd (NSE:ONWARDTEC) » Definitions » Days Sales Outstanding

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517536:India

Address

Dr. Annie Besant Road, Sterling Centre, 2nd Floor, Worli, Mumbai, MH, IND, 400 018

Website

https://www.onwardgroup.com

Onward Technologies Ltd is an Indian company that is engaged in the sale of user license software, professional services, consultancy services, training, and others. Its business activities include product design, simulation engineering, automation solutions, engineering change management, and others. It has one operating segment which is Engineering Design and IT services. The majority of the company's revenue comes from India. It also operates outside India.

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