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Days Sales Outstanding
55.22 (As of Mar. 2015)

Advent Software Inc's account receivable for the three months ended in Mar. 2015 was \$62.5 Mil. Advent Software Inc's revenue for the three months ended in Mar. 2015 was \$103.3 Mil. Hence, Advent Software Inc's days sales outstanding for the three months ended in Mar. 2015 was 55.22.

Advent Software Inc's days sales outstanding increased from Mar. 2014 (46.28) to Mar. 2015 (55.22).

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.

Advent Software Inc's Days Sales Outstanding for the fiscal year that ended in Dec. 2014 is calculated as

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 61.87 / 396.82 * 365 = 56.91

Advent Software Inc's Days Sales Outstanding for the quarter that ended in Mar. 2015 is calculated as:

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 62.495 / 103.264 * 365 / 4 = 55.22

* 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

Historical Data

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