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Garmin Ltd's account receivable for the three months ended in Mar. 2015 was $426 Mil. Garmin Ltd's revenue for the three months ended in Mar. 2015 was $585 Mil. Hence, Garmin Ltd's days sales outstanding for the three months ended in Mar. 2015 was 66.35.
Garmin Ltd's days sales outstanding declined from Mar. 2014 (66.88) to Mar. 2015 (66.35).
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. 2014 is calculated as
Garmin Ltd's Days Sales Outstanding for the quarter that ended in Mar. 2015 is calculated as:
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Garmin Ltd Annual Data
Garmin Ltd Quarterly Data