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Coventry Health Care, Inc. (NYSE:CVH)
Days Sales Outstanding
31.26 (As of Mar. 2013)

Coventry Health Care, Inc.'s account receivable for the three months ended in Mar. 2013 was \$1,206 Mil. Coventry Health Care, Inc.'s revenue for the three months ended in Mar. 2013 was \$3,520 Mil. Hence, Coventry Health Care, Inc.'s days sales outstanding for the three months ended in Mar. 2013 was 31.26.

Coventry Health Care, Inc.'s days sales outstanding increased from Mar. 2012 (26.07) to Mar. 2013 (31.26).

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.

Coventry Health Care, Inc.'s Days Sales Outstanding for the fiscal year that ended in Dec. 2012 is calculated as

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 1164.892 / 14113.363 * 365 = 30.13

Coventry Health Care, Inc.'s Days Sales Outstanding for the quarter that ended in Mar. 2013 is calculated as:

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 1206.027 / 3520.235 * 365 / 4 = 31.26

* 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

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Coventry Health Care, Inc. Annual Data

 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 DaysSalesOutstanding 10.87 10.44 16.81 17.65 21.29 25.07 19.82 24.96 29.59 30.13

Coventry Health Care, Inc. Quarterly Data

 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 DaysSalesOutstanding 23.91 25.20 25.68 23.13 28.81 26.07 31.32 34.43 30.85 31.26
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