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Cintas Corporation (NAS:CTAS)
Days Sales Outstanding
42.65 (As of Feb. 2014)

Cintas Corporation's account receivable for the three months ended in Feb. 2014 was $530 Mil. Cintas Corporation's revenue for the three months ended in Feb. 2014 was $1,130 Mil. Hence, Cintas Corporation's days sales outstanding for the three months ended in Feb. 2014 was 42.65.

Cintas Corporation's days sales outstanding declined from Feb. 2013 (43.18) to Feb. 2014 (42.65).


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 Corporation's Days Sales Outstanding for the fiscal year that ended in May. 2013 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=505.151/4316.471*365
=42.72

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

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=529.668/1130.237*91
=42.65

* 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 Corporation Annual Data

May04May05May06May07May08May09May10May11May12May13
DaysSalesOutstanding 37.0438.9041.8140.2674.2037.0573.0682.0482.3842.72

Cintas Corporation Quarterly Data

Nov11Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14
DaysSalesOutstanding 78.7581.950.0079.7984.2843.1840.7141.5641.4142.65
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