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Air T Inc's account receivable for the three months ended in Dec. 2015 was $15.0 Mil. Air T Inc's revenue for the three months ended in Dec. 2015 was $46.6 Mil. Hence, Air T Inc's days sales outstanding for the three months ended in Dec. 2015 was 29.30.
During the past 13 years, Air T Inc's highest Days Sales Outstanding was 57.13. The lowest was 25.17. And the median was 38.51.
Air T Inc's days sales outstanding declined from Dec. 2014 (39.37) to Dec. 2015 (29.30).
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.
Air T Inc's Days Sales Outstanding for the fiscal year that ended in Mar. 2015 is calculated as
Air T Inc's Days Sales Outstanding for the quarter that ended in Dec. 2015 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.
Air T Inc Annual Data
Air T Inc Quarterly Data