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Electro Rent Corp (NAS:ELRC)
Days Sales Outstanding
51.91 (As of Feb. 2016)

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.

ELRC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 41.73   Max: 64.23
Current: 41.73

41.73
64.23

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.

ELRC's Days Sales Outstanding is ranked higher than
72% of the 211 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 61.27 vs. ELRC: 41.73 )

Electro Rent Corp's days sales outstanding increased from Feb. 2015 (51.90) to Feb. 2016 (51.91).


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.

Electro Rent Corp's Days Sales Outstanding for the fiscal year that ended in May. 2015 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=33.863/238.329*365
=51.86

Electro Rent Corp's Days Sales Outstanding for the quarter that ended in Feb. 2016 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=22.471/39.498*365 / 4
=51.91

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Electro Rent Corp Annual Data

May06May07May08May09May10May11May12May13May14May15
DaysSalesOutstanding 44.5150.0158.4145.5264.2348.8652.7450.4152.9351.86

Electro Rent Corp Quarterly Data

Nov13Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16
DaysSalesOutstanding 52.1949.7752.2549.9858.7251.9051.1546.0453.6451.91
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