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Days Sales Outstanding
69.58 (As of Jun. 2015)

Adept Technology Inc's account receivable for the three months ended in Jun. 2015 was \$10.59 Mil. Adept Technology Inc's revenue for the three months ended in Jun. 2015 was \$13.88 Mil. Hence, Adept Technology Inc's days sales outstanding for the three months ended in Jun. 2015 was 69.58.

Adept Technology Inc's days sales outstanding declined from Jun. 2014 (70.22) to Jun. 2015 (69.58).

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. 2015 is calculated as

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 10.585 / 54.195 * 365 = 71.29

Adept Technology Inc's Days Sales Outstanding for the quarter that ended in Jun. 2015 is calculated as:

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 10.585 / 13.882 * 365 / 4 = 69.58

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

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

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.