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ITT Educational Services, Inc. (NYSE:ESI)
Days Sales Outstanding
41.93 (As of Sep. 2013)

ITT Educational Services, Inc.'s account receivable for the three months ended in Sep. 2013 was $120 Mil. ITT Educational Services, Inc.'s revenue for the three months ended in Sep. 2013 was $259 Mil. Hence, ITT Educational Services, Inc.'s days sales outstanding for the three months ended in Sep. 2013 was 41.93.

ITT Educational Services, Inc.'s days sales outstanding increased from Sep. 2012 (25.85) to Sep. 2013 (41.93).


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.

ITT Educational Services, Inc.'s Days Sales Outstanding for the fiscal year that ended in Dec. 2012 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=77.313/1287.209*365
=21.92

ITT Educational Services, Inc.'s Days Sales Outstanding for the quarter that ended in Sep. 2013 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=119.529/259.416*91
=41.93

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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 own currency.

ITT Educational Services, Inc. Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysSalesOutstanding 6.167.424.516.3510.7123.6415.7611.7121.9231.87

ITT Educational Services, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
DaysSalesOutstanding 14.1711.8914.4920.3325.8523.3932.9243.0941.9332.34
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