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Bank of Montreal (NYSE:BMO)
Days Sales Outstanding
18.02 (As of Apr. 2014)

Bank of Montreal's account receivable for the three months ended in Apr. 2014 was $735 Mil. Bank of Montreal's revenue for the three months ended in Apr. 2014 was $3,711 Mil. Hence, Bank of Montreal's days sales outstanding for the three months ended in Apr. 2014 was 18.02.

Bank of Montreal's days sales outstanding declined from Apr. 2013 (35.23) to Apr. 2014 (18.02).


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.

Bank of Montreal's Days Sales Outstanding for the fiscal year that ended in Oct. 2013 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=1015.25262154/15503.336511*365
=23.90

Bank of Montreal's Days Sales Outstanding for the quarter that ended in Apr. 2014 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=734.618916437/3710.74380165*91
=18.02

* 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.

Bank of Montreal Annual Data

Oct04Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13
DaysSalesOutstanding 0.00217.74228.34282.86294.330.000.0074.6329.2623.90

Bank of Montreal Quarterly Data

Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14
DaysSalesOutstanding 33.2450.2726.7728.1831.0235.2329.3023.420.0018.02
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