Waaree Renewable Technologies (BOM:534618) Days Sales Outstanding : 124.42 (As of Mar. 2024)

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What is Waaree Renewable Technologies Days Sales Outstanding?

Waaree Renewable Technologies's average Accounts Receivable for the three months ended in Mar. 2024 was ₹3,726 Mil. Waaree Renewable Technologies's Revenue for the three months ended in Mar. 2024 was ₹2,732 Mil. Hence, Waaree Renewable Technologies's Days Sales Outstanding for the three months ended in Mar. 2024 was 124.42.

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

BOM:534618' s Days Sales Outstanding Range Over the Past 10 Years
Min: 29.54 Med: 90.35 Max: 417.61
Current: 82.26

During the past 13 years, Waaree Renewable Technologies's highest Days Sales Outstanding was 417.61. The lowest was 29.54. And the median was 90.35.

BOM:534618's Days Sales Outstanding is ranked worse than
63.48% of 408 companies
in the Utilities - Independent Power Producers industry
Industry Median: 66.365 vs BOM:534618: 82.26

Waaree Renewable Technologies's Days Sales Outstanding increased from Mar. 2023 (90.99) to Mar. 2024 (124.42).

Waaree Renewable Technologies Days Sales Outstanding Historical Data

The historical data trend for Waaree Renewable 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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Waaree Renewable Technologies Days Sales Outstanding Chart

Waaree Renewable Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

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417.61

191.33

59.58

56.08

90.35

Waaree Renewable 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															90.99	43.39	96.49	44.66	124.42

Competitive Comparison of Waaree Renewable Technologies's Days Sales Outstanding

For the Utilities - Renewable subindustry, Waaree Renewable 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.

Waaree Renewable Technologies's Days Sales Outstanding Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Waaree Renewable Technologies's Days Sales Outstanding distribution charts can be found below:

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

Waaree Renewable 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.

Waaree Renewable 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
=	( (613.103	+	3725.839)	/	2 )	/	8764.386	*	365
=	2169.471					/	8764.386	*	365
=	90.35

Waaree Renewable 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	+	3725.839)	/	1 )	/	2732.475	*	365 / 4
=	3725.839					/	2732.475	*	365 / 4
=	124.42

Waaree Renewable Technologies (BOM:534618) Days Sales Outstanding Explanation

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

Waaree Renewable Technologies Days Sales Outstanding Related Terms

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Waaree Renewable Technologies (BOM:534618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Waaree Renewable Technologies Ltd (BOM:534618) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Opposite Western Express Highway, 504, Western Edge - I, Borivali (East), Mumbai, MH, IND, 400066

Website

https://www.waareertl.com

Waaree Renewable Technologies Ltd is engaged in the business of generation of power and providing consultancy services. It offers sustainable partnerships by providing renewable energy solutions to industrial, institutional, and commercial sectors and improves their profitability through the long-term renewable power supply. It generates maximum revenue from the EPC Contracts. Its projects include Ground Mounted, Rooftop Solar, and Floating Solar.

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