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Energy Company of Minas Gerais (NYSE:CIG)
Days Sales Outstanding
58.21 (As of Sep. 2015)

Energy Company of Minas Gerais's account receivable for the three months ended in Sep. 2015 was $782 Mil. Energy Company of Minas Gerais's revenue for the three months ended in Sep. 2015 was $1,226 Mil. Hence, Energy Company of Minas Gerais's days sales outstanding for the three months ended in Sep. 2015 was 58.21.

CIG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 40.01   Max: 94.29
Current: 64.65

40.01
94.29

During the past 13 years, Energy Company of Minas Gerais's highest Days Sales Outstanding was 94.29. The lowest was 40.01. And the median was 61.54.

CIG's Days Sales Outstanding is ranked lower than
67% of the 489 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 48.80 vs. CIG: 64.65 )

Energy Company of Minas Gerais's days sales outstanding increased from Jun. 2014 (46.38) to Sep. 2015 (58.21).


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.

Energy Company of Minas Gerais's Days Sales Outstanding for the fiscal year that ended in Dec. 2014 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=810.780120368/7396.19213445*365
=40.01

Energy Company of Minas Gerais's Days Sales Outstanding for the quarter that ended in Sep. 2015 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=781.922525108/1225.66099611*365 / 4
=58.21

* 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.

Energy Company of Minas Gerais Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysSalesOutstanding 86.2782.9157.2456.4664.2158.8694.2947.7140.0161.39

Energy Company of Minas Gerais Quarterly Data

Jun13Sep13Dec13Mar14Jun14Sep14Dec14Jun15Sep15Dec15
DaysSalesOutstanding 46.2245.1944.0153.3046.380.0031.3056.2458.210.00
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