Synoptics Technologies (NSE:SYNOPTICS) Days Sales Outstanding : 156.48 (As of Mar. 2024)

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What is Synoptics Technologies Days Sales Outstanding?

Synoptics Technologies's average Accounts Receivable for the six months ended in Mar. 2024 was ₹185.4 Mil. Synoptics Technologies's Revenue for the six months ended in Mar. 2024 was ₹432.4 Mil. Hence, Synoptics Technologies's Days Sales Outstanding for the six months ended in Mar. 2024 was 78.24.

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

NSE:SYNOPTICS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 73.39 Med: 121.48 Max: 222.56
Current: 156.48

During the past 5 years, Synoptics Technologies's highest Days Sales Outstanding was 222.56. The lowest was 73.39. And the median was 121.48.

NSE:SYNOPTICS's Days Sales Outstanding is ranked worse than
86.88% of 2751 companies
in the Software industry
Industry Median: 61.4 vs NSE:SYNOPTICS: 156.48

Synoptics Technologies's Days Sales Outstanding increased from Mar. 2022 (73.39) to Mar. 2024 (156.48).

Warning Sign:

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

Synoptics Technologies Days Sales Outstanding Historical Data

The historical data trend for Synoptics 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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Synoptics Technologies Days Sales Outstanding Chart

Synoptics Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

222.56

121.48

73.39

112.70

156.48

Synoptics Technologies Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Days Sales Outstanding	222.56	121.48	73.39	112.70	156.48

Competitive Comparison of Synoptics Technologies's Days Sales Outstanding

For the Information Technology Services subindustry, Synoptics 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.

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

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

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

Synoptics 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.

Synoptics 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
=	( (207.464	+	163.324)	/	2 )	/	432.432	*	365
=	185.394					/	432.432	*	365
=	156.48

Synoptics 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: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (207.464	+	163.324)	/	2 )	/	432.432	*	365 / 2
=	185.394					/	432.432	*	365 / 2
=	78.24

Synoptics Technologies (NSE:SYNOPTICS) Days Sales Outstanding Explanation

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

Synoptics Technologies Days Sales Outstanding Related Terms

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Synoptics Technologies Business Description

Industry

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

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Traded in Other Exchanges

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Address

301, A-Wing, 3rd Floor, Interface 16, Mindspace, Malad (West), Mumbai, MH, IND, 400064

Website

https://synoptics.co.in

Synoptics Technologies Ltd is an IT Services company offering solutions in the areas of IT Infrastructure like connectivity to the Branches, Supply, implementation and support of the network equipment needed to run the IT setup like routers, switches, etc. The company designs the solution for customers who need to put their applications on Cloud. It helps with the application migration and manages the setup in the cloud. It aims to reduce the Total Cost of Ownership (TCO) and increase Return on Investment (RoI) for its customers to adopt any kind of Digital Transformation use case with its technology-led and innovation-driven approach.

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