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Coventry Health Care, Inc. (NYSE:CVH)
Days Sales Outstanding
31.18 (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 31.18.

Coventry Health Care, Inc.'s days sales outstanding increased from Mar. 2012 (26.00) to Mar. 2013 (31.18).


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*91
=31.18

* 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.

Coventry Health Care, Inc. Annual Data

Dec03Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12
DaysSalesOutstanding 10.8710.4416.8117.6521.2925.0719.8224.9629.5930.13

Coventry Health Care, Inc. Quarterly Data

Dec10Mar11Jun11Sep11Dec11Mar12Jun12Sep12Dec12Mar13
DaysSalesOutstanding 23.8425.1325.6123.0728.7326.0031.2334.3330.7631.18
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