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Abbott Laboratories's account receivable for the three months ended in Dec. 2015 was $3,418 Mil. Abbott Laboratories's revenue for the three months ended in Dec. 2015 was $5,188 Mil. Hence, Abbott Laboratories's days sales outstanding for the three months ended in Dec. 2015 was 60.12.
During the past 13 years, Abbott Laboratories's highest Days Sales Outstanding was 77.62. The lowest was 61.14. And the median was 69.20.
Abbott Laboratories's days sales outstanding declined from Dec. 2014 (61.09) to Dec. 2015 (60.12).
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 Dec. 2015 is calculated as:
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