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CBIZ Inc's account receivable for the three months ended in Mar. 2016 was $116.0 Mil. CBIZ Inc's revenue for the three months ended in Mar. 2016 was $224.2 Mil. Hence, CBIZ Inc's days sales outstanding for the three months ended in Mar. 2016 was 47.21.
During the past 13 years, CBIZ Inc's highest Days Sales Outstanding was 74.71. The lowest was 50.55. And the median was 65.03.
CBIZ Inc's days sales outstanding increased from Mar. 2015 (45.28) to Mar. 2016 (47.21).
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.
CBIZ Inc's Days Sales Outstanding for the fiscal year that ended in Dec. 2015 is calculated as
CBIZ Inc's Days Sales Outstanding for the quarter that ended in Mar. 2016 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.
CBIZ Inc Annual Data
CBIZ Inc Quarterly Data