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CBIZ Inc's account receivable for the three months ended in Sep. 2015 was $108.0 Mil. CBIZ Inc's revenue for the three months ended in Sep. 2015 was $187.1 Mil. Hence, CBIZ Inc's days sales outstanding for the three months ended in Sep. 2015 was 52.69.
During the past 13 years, CBIZ Inc's highest Days Sales Outstanding was 78.63. The lowest was 48.33. And the median was 65.67.
CBIZ Inc's days sales outstanding declined from Sep. 2014 (56.23) to Sep. 2015 (52.69).
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. 2014 is calculated as
CBIZ Inc's Days Sales Outstanding for the quarter that ended in Sep. 2015 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