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Aspen Technology, Inc.'s account receivable for the three months ended in Dec. 2013 was $35.7 Mil. Aspen Technology, Inc.'s revenue for the three months ended in Dec. 2013 was $98.8 Mil. Hence, Aspen Technology, Inc.'s days sales outstanding for the three months ended in Dec. 2013 was 32.86.
Aspen Technology, Inc.'s days sales outstanding declined from Dec. 2012 (72.34) to Dec. 2013 (32.86).
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. 2013 is calculated as
Aspen Technology, Inc.'s Days Sales Outstanding for the quarter that ended in Dec. 2013 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