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Electro Rent Corp's account receivable for the three months ended in Feb. 2015 was $32.0 Mil. Electro Rent Corp's revenue for the three months ended in Feb. 2015 was $56.3 Mil. Hence, Electro Rent Corp's days sales outstanding for the three months ended in Feb. 2015 was 51.90.
Electro Rent Corp's days sales outstanding increased from Feb. 2014 (49.77) to Feb. 2015 (51.90).
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. 2014 is calculated as
Electro Rent Corp's Days Sales Outstanding for the quarter that ended in Feb. 2015 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