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Electro Rent Corp's account receivable for the three months ended in Feb. 2016 was $22.5 Mil. Electro Rent Corp's revenue for the three months ended in Feb. 2016 was $39.5 Mil. Hence, Electro Rent Corp's days sales outstanding for the three months ended in Feb. 2016 was 51.91.
During the past 13 years, Electro Rent Corp's highest Days Sales Outstanding was 64.23. The lowest was 41.73. And the median was 51.14.
Electro Rent Corp's days sales outstanding increased from Feb. 2015 (51.90) to Feb. 2016 (51.91).
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.
Electro Rent Corp's Days Sales Outstanding for the fiscal year that ended in May. 2015 is calculated as
Electro Rent 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.
Electro Rent Corp Annual Data
Electro Rent Corp Quarterly Data