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Aspen Technology Inc's account receivable for the three months ended in Mar. 2016 was $21.7 Mil. Aspen Technology Inc's revenue for the three months ended in Mar. 2016 was $119.2 Mil. Hence, Aspen Technology Inc's days sales outstanding for the three months ended in Mar. 2016 was 16.65.
During the past 13 years, Aspen Technology Inc's highest Days Sales Outstanding was 183.15. The lowest was 25.46. And the median was 50.93.
Aspen Technology Inc's days sales outstanding declined from Mar. 2015 (23.03) to Mar. 2016 (16.65).
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.
Aspen Technology Inc's Days Sales Outstanding for the fiscal year that ended in Jun. 2015 is calculated as
Aspen Technology Inc's Days Sales Outstanding for the quarter that ended in Mar. 2016 is calculated as:
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Aspen Technology Inc Annual Data
Aspen Technology Inc Quarterly Data