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DeVry Education Group Inc (NYSE:DV)
Days Sales Outstanding
29.57 (As of Mar. 2014)

DeVry Education Group Inc's account receivable for the three months ended in Mar. 2014 was $161 Mil. DeVry Education Group Inc's revenue for the three months ended in Mar. 2014 was $496 Mil. Hence, DeVry Education Group Inc's days sales outstanding for the three months ended in Mar. 2014 was 29.57.

DeVry Education Group Inc's days sales outstanding declined from Mar. 2013 (34.89) to Mar. 2014 (29.57).


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.

DeVry Education Group Inc's Days Sales Outstanding for the fiscal year that ended in Jun. 2013 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=139.932/1964.375*365
=26.00

DeVry Education Group Inc's Days Sales Outstanding for the quarter that ended in Mar. 2014 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=161.202/496.117*91
=29.57

* 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.

DeVry Education Group Inc Annual Data

Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14
DaysSalesOutstanding 18.3320.1616.8518.4626.0822.7219.1826.9326.0025.17

DeVry Education Group Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
DaysSalesOutstanding 42.8527.7442.4929.4534.8927.2337.1523.1129.5724.88
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