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Cintas Corp (NAS:CTAS)
Days Sales Outstanding
40.39 (As of Aug. 2014)

Cintas Corp's account receivable for the three months ended in Aug. 2014 was $489 Mil. Cintas Corp's revenue for the three months ended in Aug. 2014 was $1,102 Mil. Hence, Cintas Corp's days sales outstanding for the three months ended in Aug. 2014 was 40.39.

Cintas Corp's days sales outstanding declined from Aug. 2013 (42.32) to Aug. 2014 (40.39).


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.

Cintas Corp's Days Sales Outstanding for the fiscal year that ended in May. 2014 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=508.427/4551.812*365
=40.77

Cintas Corp's Days Sales Outstanding for the quarter that ended in Aug. 2014 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=489.211/1102.077*91
=40.39

* 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.

Cintas Corp Annual Data

May05May06May07May08May09May10May11May12May13May14
DaysSalesOutstanding 38.9041.8140.2639.8634.5937.2741.1140.1241.9540.77

Cintas Corp Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
DaysSalesOutstanding 38.9439.7641.1241.8939.9842.3241.4142.6539.9740.39
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