Vedant Asset (BOM:543623) Days Sales Outstanding : 9.84 (As of Sep. 2023)

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What is Vedant Asset Days Sales Outstanding?

Vedant Asset's average Accounts Receivable for the six months ended in Sep. 2023 was ₹0.79 Mil. Vedant Asset's Revenue for the six months ended in Sep. 2023 was ₹14.68 Mil. Hence, Vedant Asset's Days Sales Outstanding for the six months ended in Sep. 2023 was 9.84.

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

BOM:543623' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.27 Med: 1.02 Max: 7.94
Current: 7.94

During the past 4 years, Vedant Asset's highest Days Sales Outstanding was 7.94. The lowest was 0.27. And the median was 1.02.

BOM:543623's Days Sales Outstanding is ranked better than
89.02% of 510 companies
in the Asset Management industry
Industry Median: 49.44 vs BOM:543623: 7.94

Vedant Asset's Days Sales Outstanding increased from Sep. 2022 (0.22) to Sep. 2023 (9.84).

Vedant Asset Days Sales Outstanding Historical Data

The historical data trend for Vedant Asset'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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Vedant Asset Days Sales Outstanding Chart

Vedant Asset Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

0.27

1.77

Vedant Asset Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial			-	-	0.22	2.49	9.84

Competitive Comparison of Vedant Asset's Days Sales Outstanding

For the Asset Management subindustry, Vedant Asset'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.

Vedant Asset's Days Sales Outstanding Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Vedant Asset's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Vedant Asset's Days Sales Outstanding falls into.

Vedant Asset 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.

Vedant Asset'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
=	( (0.012	+	0.296)	/	2 )	/	31.778	*	365
=	0.154					/	31.778	*	365
=	1.77

Vedant Asset'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
=	( (0.296	+	1.287)	/	2 )	/	14.679	*	365 / 2
=	0.7915					/	14.679	*	365 / 2
=	9.84

Vedant Asset (BOM:543623) Days Sales Outstanding Explanation

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

Vedant Asset Days Sales Outstanding Related Terms

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Vedant Asset (BOM:543623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Vedant Asset Ltd (BOM:543623) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 rd Floor, Gayways House, Pee Pee Compound, Ranchi, JH, IND, 834001

Website

https://www.vedantasset.com

Vedant Asset Ltd is engaged in a Financial Investment Super Market for private and rural investors. The core business is to earn revenue from brokerage and commission by managing funds of investors with various mutual fund houses and providing Banking Correspondence Services in association with various banks.

Vedant Asset (BOM:543623) Headlines

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