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Forward Air Corp's account receivable for the three months ended in Mar. 2016 was $104.3 Mil. Forward Air Corp's revenue for the three months ended in Mar. 2016 was $229.5 Mil. Hence, Forward Air Corp's days sales outstanding for the three months ended in Mar. 2016 was 41.47.
During the past 13 years, Forward Air Corp's highest Days Sales Outstanding was 55.52. The lowest was 41.54. And the median was 47.17.
Forward Air Corp's days sales outstanding declined from Mar. 2015 (53.39) to Mar. 2016 (41.47).
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.
Forward Air Corp's Days Sales Outstanding for the fiscal year that ended in Dec. 2015 is calculated as
Forward Air Corp's Days Sales Outstanding for the quarter that ended in Mar. 2016 is calculated as:
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Forward Air Corp Annual Data
Forward Air Corp Quarterly Data