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Cummins Inc (NYSE:CMI)
Days Sales Outstanding
60.92 (As of Jun. 2016)

Cummins Inc's account receivable for the three months ended in Jun. 2016 was $3,023 Mil. Cummins Inc's revenue for the three months ended in Jun. 2016 was $4,528 Mil. Hence, Cummins Inc's days sales outstanding for the three months ended in Jun. 2016 was 60.92.

CMI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 39.47   Max: 67.73
Current: 60.61

39.47
67.73

During the past 13 years, Cummins Inc's highest Days Sales Outstanding was 67.73. The lowest was 39.47. And the median was 55.89.

CMI's Days Sales Outstanding is ranked higher than
68% of the 1352 Companies
in the Global Diversified Industrials industry.

( Industry Median: 78.02 vs. CMI: 60.61 )

Cummins Inc's days sales outstanding declined from Jun. 2015 (62.26) to Jun. 2016 (60.92).


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.

Cummins Inc's Days Sales Outstanding for the fiscal year that ended in Dec. 2015 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=2820/19110*365
=53.86

Cummins Inc's Days Sales Outstanding for the quarter that ended in Jun. 2016 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=3023/4528*365 / 4
=60.92

* 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.

Cummins Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysSalesOutstanding 56.7655.8939.4767.7361.9051.0947.0655.8955.9453.86

Cummins Inc Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
DaysSalesOutstanding 61.0760.1757.0852.8162.7862.2662.3953.9958.1860.92
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