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Adept Technology, Inc. (NAS:ADEP)
Days Sales Outstanding
72.32 (As of Dec. 2013)

Adept Technology, Inc.'s account receivable for the three months ended in Dec. 2013 was $11.59 Mil. Adept Technology, Inc.'s revenue for the three months ended in Dec. 2013 was $14.59 Mil. Hence, Adept Technology, Inc.'s days sales outstanding for the three months ended in Dec. 2013 was 72.32.

Adept Technology, Inc.'s days sales outstanding declined from Dec. 2012 (78.86) to Dec. 2013 (72.32).


Definition

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.

Adept Technology, Inc.'s Days Sales Outstanding for the fiscal year that ended in Jun. 2013 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=10.848/46.816*365
=84.58

Adept Technology, Inc.'s Days Sales Outstanding for the quarter that ended in Dec. 2013 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=11.594/14.588*91
=72.32

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

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


Related Terms

Account Receivable, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Adept Technology, Inc. Annual Data

Jun04Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13
DaysSalesOutstanding 99.5380.8773.4076.3570.6061.4389.7569.0865.6284.58

Adept Technology, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
DaysSalesOutstanding 59.9960.9170.9663.8380.0178.8674.3972.0864.3172.32
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