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First Trust Energy Income & Growth Fund (AMEX:FEN)
Days Sales Outstanding
17.05 (As of May. 2014)

First Trust Energy Income & Growth Fund's account receivable for the six months ended in May. 2014 was $0.79 Mil. First Trust Energy Income & Growth Fund's revenue for the six months ended in May. 2014 was $4.19 Mil. Hence, First Trust Energy Income & Growth Fund's days sales outstanding for the six months ended in May. 2014 was 17.05.

First Trust Energy Income & Growth Fund's days sales outstanding declined from May. 2013 (19.42) to May. 2014 (17.05).


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.

First Trust Energy Income & Growth Fund's Days Sales Outstanding for the fiscal year that ended in Nov. 2013 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=0.587/4.518*365
=47.42

First Trust Energy Income & Growth Fund's Days Sales Outstanding for the quarter that ended in May. 2014 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=0.786/4.194*91
=17.05

* 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.

First Trust Energy Income & Growth Fund Annual Data

Nov10Nov11Nov12Nov13
DaysSalesOutstanding 0.000.000.000.000.000.0019.82632.3447.7447.42

First Trust Energy Income & Growth Fund Semi-Annual Data

May10Nov10May11Nov11May12Nov12May13Nov13May14
DaysSalesOutstanding 0.0084.505.29100.24171.1423.5721.5119.4219.5817.05
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