RNFI Services (NSE:RNFI) Days Sales Outstanding : 11.03 (As of Sep. 2024)

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What is RNFI Services Days Sales Outstanding?

RNFI Services's average Accounts Receivable for the six months ended in Sep. 2024 was ₹277 Mil. RNFI Services's Revenue for the six months ended in Sep. 2024 was ₹4,581 Mil. Hence, RNFI Services's Days Sales Outstanding for the six months ended in Sep. 2024 was 11.03.

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

NSE:RNFI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 3.32 Med: 10.29 Max: 15.25
Current: 10.2

During the past 4 years, RNFI Services's highest Days Sales Outstanding was 15.25. The lowest was 3.32. And the median was 10.29.

NSE:RNFI's Days Sales Outstanding is ranked better than
78.95% of 570 companies
in the Capital Markets industry
Industry Median: 53.68 vs NSE:RNFI: 10.20

RNFI Services's Days Sales Outstanding increased from Sep. 2023 (4.51) to Sep. 2024 (11.03).

RNFI Services Days Sales Outstanding Historical Data

The historical data trend for RNFI Services'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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RNFI Services Days Sales Outstanding Chart

RNFI Services Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

14.13

15.25

3.32

6.45

RNFI Services Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Days Sales Outstanding	Get a 7-Day Free Trial			-	-	4.51	9.26	11.03

Competitive Comparison of RNFI Services's Days Sales Outstanding

For the Capital Markets subindustry, RNFI Services'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.

RNFI Services's Days Sales Outstanding Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, RNFI Services's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where RNFI Services's Days Sales Outstanding falls into.

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RNFI Services 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.

RNFI Services'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
=	( (88.707	+	241.536)	/	2 )	/	9345.723	*	365
=	165.1215					/	9345.723	*	365
=	6.45

RNFI Services's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding (Q: Sep. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2024 )	+	Accounts Receivable (A: Sep. 2024 ))	/	count )	/	Revenue (A: Sep. 2024 )	*	Days in Period
=	( (241.536	+	312.335)	/	2 )	/	4581.103	*	365 / 2
=	276.9355					/	4581.103	*	365 / 2
=	11.03

RNFI Services (NSE:RNFI) Days Sales Outstanding Explanation

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

RNFI Services Days Sales Outstanding Related Terms

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RNFI Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » RNFI Services Ltd (NSE:RNFI) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

DLF Industrial Area, Plot No. 42, UG-5, Relipay House, Kirti Nagar, West Delhi, New Delhi, IND, 110015

Website

https://www.rnfiservices.com

RNFI Services Ltd is a tech-enabled platform offering financial technology solutions in the B2B and B2B2C financial technology arena through an integrated business model via online portal and mobile application, focusing on providing banking, digital, and Government to Citizen (G2C) services on PAN India basis. It segregates its business into three segments namely; Business correspondent services; Non-business correspondent services; and others. Key revenue is generated from the Non-business correspondent services.

RNFI Services Headlines

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