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Corning Inc (NYSE:GLW)
Days Sales Outstanding
59.70 (As of Jun. 2016)

Corning Inc's account receivable for the three months ended in Jun. 2016 was $1,544 Mil. Corning Inc's revenue for the three months ended in Jun. 2016 was $2,360 Mil. Hence, Corning Inc's days sales outstanding for the three months ended in Jun. 2016 was 59.70.

GLW' s Days Sales Outstanding Range Over the Past 10 Years
Min: 31.42   Max: 63.25
Current: 63.25

31.42
63.25

During the past 13 years, Corning Inc's highest Days Sales Outstanding was 63.25. The lowest was 31.42. And the median was 53.44.

GLW's Days Sales Outstanding is ranked higher than
59% of the 1867 Companies
in the Global Electronic Components industry.

( Industry Median: 71.64 vs. GLW: 63.25 )

Corning Inc's days sales outstanding declined from Jun. 2015 (60.17) to Jun. 2016 (59.70).


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.

Corning Inc's Days Sales Outstanding for the fiscal year that ended in Dec. 2015 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=1372/9111*365
=54.96

Corning Inc's Days Sales Outstanding for the quarter that ended in Jun. 2016 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=1544/2360*365 / 4
=59.70

* 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.

Corning Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysSalesOutstanding 52.6353.3231.4250.9453.5550.0559.3158.4956.3954.96

Corning Inc Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
DaysSalesOutstanding 63.3060.4857.5256.9759.9160.1759.4056.1261.8759.70
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