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Educational Development Corp's account receivable for the three months ended in Feb. 2016 was $2.51 Mil. Educational Development Corp's revenue for the three months ended in Feb. 2016 was $16.95 Mil. Hence, Educational Development Corp's days sales outstanding for the three months ended in Feb. 2016 was 13.53.
During the past 13 years, Educational Development Corp's highest Days Sales Outstanding was 49.67. The lowest was 14.42. And the median was 40.80.
Educational Development Corp's days sales outstanding declined from Feb. 2015 (36.82) to Feb. 2016 (13.53).
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.
Educational Development Corp's Days Sales Outstanding for the fiscal year that ended in Feb. 2016 is calculated as
Educational Development Corp's Days Sales Outstanding for the quarter that ended in Feb. 2016 is calculated as:
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Educational Development Corp Annual Data
Educational Development Corp Quarterly Data