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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.
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.
Corning Inc's days sales outstanding declined from Jun. 2015 (60.17) to Jun. 2016 (59.70).
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
Corning Inc's Days Sales Outstanding for the quarter that ended in Jun. 2016 is calculated as:
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Corning Inc Annual Data
Corning Inc Quarterly Data