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Garmin Ltd (NAS:GRMN)
Days Sales Outstanding
58.14 (As of Jun. 2014)

Garmin Ltd's account receivable for the three months ended in Jun. 2014 was $497 Mil. Garmin Ltd's revenue for the three months ended in Jun. 2014 was $778 Mil. Hence, Garmin Ltd's days sales outstanding for the three months ended in Jun. 2014 was 58.14.

Garmin Ltd's days sales outstanding declined from Jun. 2013 (63.26) to Jun. 2014 (58.14).


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.

Garmin Ltd's Days Sales Outstanding for the fiscal year that ended in Dec. 2013 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=564.586/2631.851*365
=78.30

Garmin Ltd's Days Sales Outstanding for the quarter that ended in Jun. 2014 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=496.979/777.848*91
=58.14

* 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.

Garmin Ltd Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysSalesOutstanding 52.7160.7383.02109.3277.44108.28101.4080.3781.1478.30

Garmin Ltd Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
DaysSalesOutstanding 70.3361.6368.8571.4877.0863.2667.2667.6366.7058.14
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