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Apollo Education Group Inc (NAS:APOL)
Days Sales Outstanding
22.94 (As of May. 2014)

Apollo Education Group Inc's account receivable for the three months ended in May. 2014 was $202 Mil. Apollo Education Group Inc's revenue for the three months ended in May. 2014 was $800 Mil. Hence, Apollo Education Group Inc's days sales outstanding for the three months ended in May. 2014 was 22.94.

Apollo Education Group Inc's days sales outstanding increased from May. 2013 (19.03) to May. 2014 (22.94).


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.

Apollo Education Group Inc's Days Sales Outstanding for the fiscal year that ended in Aug. 2013 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=215.401/3681.31*365
=21.36

Apollo Education Group Inc's Days Sales Outstanding for the quarter that ended in May. 2014 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=201.66/799.919*91
=22.94

* 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.

Apollo Education Group Inc Annual Data

Aug04Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13
DaysSalesOutstanding 29.7327.9923.6625.5825.7927.5419.5916.7017.0221.36

Apollo Education Group Inc Quarterly Data

Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14
DaysSalesOutstanding 19.5815.5418.1117.3719.3719.0323.2022.7726.6822.94
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