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Abbott Laboratories's account receivable for the three months ended in Jun. 2016 was $3,567 Mil. Abbott Laboratories's revenue for the three months ended in Jun. 2016 was $5,333 Mil. Hence, Abbott Laboratories's days sales outstanding for the three months ended in Jun. 2016 was 61.03.
During the past 13 years, Abbott Laboratories's highest Days Sales Outstanding was 145.87. The lowest was 61.14. And the median was 71.85.
Abbott Laboratories's days sales outstanding declined from Jun. 2015 (62.71) to Jun. 2016 (61.03).
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.
Abbott Laboratories's Days Sales Outstanding for the fiscal year that ended in Dec. 2015 is calculated as
Abbott Laboratories's Days Sales Outstanding for the quarter that ended in Jun. 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.
Abbott Laboratories Annual Data
Abbott Laboratories Quarterly Data