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CBIZ Inc's account receivable for the three months ended in Jun. 2016 was $123.0 Mil. CBIZ Inc's revenue for the three months ended in Jun. 2016 was $197.0 Mil. Hence, CBIZ Inc's days sales outstanding for the three months ended in Jun. 2016 was 56.95.
During the past 13 years, CBIZ Inc's highest Days Sales Outstanding was 84.62. The lowest was 51.66. And the median was 67.80.
CBIZ Inc's days sales outstanding declined from Jun. 2015 (57.19) to Jun. 2016 (56.95).
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 Jun. 2016 is calculated as:
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