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Sigma Solve (NSE:SIGMA) Days Sales Outstanding : 46.25 (As of Sep. 2023)


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What is Sigma Solve Days Sales Outstanding?

Sigma Solve's average Accounts Receivable for the six months ended in Sep. 2023 was ₹82.6 Mil. Sigma Solve's Revenue for the six months ended in Sep. 2023 was ₹325.9 Mil. Hence, Sigma Solve's Days Sales Outstanding for the six months ended in Sep. 2023 was 46.25.

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

NSE:SIGMA' s Days Sales Outstanding Range Over the Past 10 Years
Min: 28.51   Med: 49.74   Max: 82.75
Current: 45.68

During the past 6 years, Sigma Solve's highest Days Sales Outstanding was 82.75. The lowest was 28.51. And the median was 49.74.

NSE:SIGMA's Days Sales Outstanding is ranked better than
70.49% of 2728 companies
in the Software industry
Industry Median: 61.85 vs NSE:SIGMA: 45.68

Sigma Solve's Days Sales Outstanding increased from Sep. 2022 (31.06) to Sep. 2023 (46.25).


Sigma Solve Days Sales Outstanding Historical Data

The historical data trend for Sigma Solve'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.

* Premium members only.

Sigma Solve Days Sales Outstanding Chart

Sigma Solve Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Sales Outstanding
Get a 7-Day Free Trial 53.73 82.75 66.17 30.42 28.51

Sigma Solve Semi-Annual Data
Mar18 Mar19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.87 32.43 31.06 38.00 46.25

Competitive Comparison of Sigma Solve's Days Sales Outstanding

For the Information Technology Services subindustry, Sigma Solve'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.


Sigma Solve's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Sigma Solve's Days Sales Outstanding falls into.



Sigma Solve 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.

Sigma Solve'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
=( (32.392 + 54.24) / 2 ) / 554.464*365
=43.316 / 554.464*365
=28.51

Sigma Solve's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding (Q: Sep. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Mar. 2023 ) + Accounts Receivable (A: Sep. 2023 )) / count ) / Revenue (A: Sep. 2023 )*Days in Period
=( (54.24 + 110.976) / 2 ) / 325.945*365 / 2
=82.608 / 325.945*365 / 2
=46.25

* 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.


Sigma Solve  (NSE:SIGMA) Days Sales Outstanding Explanation

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


Sigma Solve Days Sales Outstanding Related Terms

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Sigma Solve (NSE:SIGMA) Business Description

Traded in Other Exchanges
Address
Sindhu Bhavan Road, S G Highway, Alpha Megacone House, Opposite Armieda, 305-308, 3rd Floor, Ahmedabad, GJ, IND, 380054
Sigma Solve Ltd is involved in providing enterprise software solutions. The company provides services related to Web and E-commerce development, Real-time application development, Business Intelligence Analytics, CRM development, Digital marketing, UI and UX design, Automation testing and Quality assurance. The firm generates revenue is from the export of services.

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