Avant Group (TSE:3836) Days Sales Outstanding : 58.47 (As of Mar. 2024)

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What is Avant Group Days Sales Outstanding?

Avant Group's average Accounts Receivable for the three months ended in Mar. 2024 was 円3,886 Mil. Avant Group's Revenue for the three months ended in Mar. 2024 was 円6,063 Mil. Hence, Avant Group's Days Sales Outstanding for the three months ended in Mar. 2024 was 58.47.

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

TSE:3836' s Days Sales Outstanding Range Over the Past 10 Years
Min: 51 Med: 55.08 Max: 58.84
Current: 55.57

During the past 13 years, Avant Group's highest Days Sales Outstanding was 58.84. The lowest was 51.00. And the median was 55.08.

TSE:3836's Days Sales Outstanding is ranked better than
57.64% of 2724 companies
in the Software industry
Industry Median: 61.8 vs TSE:3836: 55.57

Avant Group's Days Sales Outstanding increased from Mar. 2023 (57.48) to Mar. 2024 (58.47).

Avant Group Days Sales Outstanding Historical Data

The historical data trend for Avant Group'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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Avant Group Days Sales Outstanding Chart

Avant Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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58.84

56.63

55.41

54.74

51.00

Avant Group 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															57.48	56.99	50.04	52.06	58.47

Competitive Comparison of Avant Group's Days Sales Outstanding

For the Software - Application subindustry, Avant Group'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.

Avant Group's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Avant Group's Days Sales Outstanding falls into.

Avant Group 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.

Avant Group's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (3024.049	+	2963.13)	/	2 )	/	21424.584	*	365
=	2993.5895					/	21424.584	*	365
=	51.00

Avant Group'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
=	( (3725.854	+	4045.327)	/	2 )	/	6063.495	*	365 / 4
=	3885.5905					/	6063.495	*	365 / 4
=	58.47

Avant Group (TSE:3836) Days Sales Outstanding Explanation

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

Avant Group Days Sales Outstanding Related Terms

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Avant Group (TSE:3836) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Avant Group Corp (TSE:3836) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

N/A

Address

2-15-2 Konan, 13th Floor, Shinagawa Intercity Building B, Minato-ku, Tokyo, JPN, 108-6113

Website

https://www.avantcorp.com

Avant Group Corp formerly, AVANT Corp is a holding company. The company through its subsidiaries is engaged in business solution package development, license sales, consulting service, support service, BI outsourcing business, BI and DWH consulting business, and BI and DWH equipment sales.

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