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Apple Inc's account receivable for the three months ended in Mar. 2016 was $12,229 Mil. Apple Inc's revenue for the three months ended in Mar. 2016 was $50,557 Mil. Hence, Apple Inc's days sales outstanding for the three months ended in Mar. 2016 was 22.07.
During the past 13 years, Apple Inc's highest Days Sales Outstanding was 34.86. The lowest was 18.10. And the median was 26.77.
Apple Inc's days sales outstanding increased from Mar. 2015 (17.15) to Mar. 2016 (22.07).
Days sales outstanding measures of 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 receivables are being managed.
Account receivable can be measured by Days Sales Outstanding.
Apple Inc's Days Sales Outstanding for the fiscal year that ended in Sep. 2015 is calculated as
Apple Inc's Days Sales Outstanding for the quarter that ended in Mar. 2016 is calculated as:
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Apple Inc Annual Data
Apple Inc Quarterly Data