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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.

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

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

 May06 May07 May08 May09 May10 May11 May12 May13 May14 May15 DaysSalesOutstanding 44.51 50.01 58.41 45.52 64.23 48.86 52.74 50.41 52.93 51.86

Electro Rent Corp Quarterly Data

 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 DaysSalesOutstanding 52.19 49.77 52.25 49.98 58.72 51.90 51.15 46.04 53.64 51.91
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