Switch to:
Garmin Ltd (NAS:GRMN)
Days Sales Outstanding
58.29 (As of Sep. 2016)

Garmin Ltd's account receivable for the three months ended in Sep. 2016 was $461 Mil. Garmin Ltd's revenue for the three months ended in Sep. 2016 was $722 Mil. Hence, Garmin Ltd's days sales outstanding for the three months ended in Sep. 2016 was 58.29.

GRMN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 57.29   Max: 109.32
Current: 57.29

57.29
109.32

During the past 13 years, Garmin Ltd's highest Days Sales Outstanding was 109.32. The lowest was 57.29. And the median was 80.76.

GRMN's Days Sales Outstanding is ranked higher than
70% of the 1861 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 74.89 vs. GRMN: 57.29 )

Garmin Ltd's days sales outstanding increased from Sep. 2015 (57.99) to Sep. 2016 (58.29).


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. 2015 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=531.481/2820.27*365
=68.78

Garmin Ltd's Days Sales Outstanding for the quarter that ended in Sep. 2016 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=461.355/722.25*365 / 4
=58.29

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Garmin Ltd Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysSalesOutstanding 83.02109.3277.44108.28101.4080.3781.1478.3072.5068.78

Garmin Ltd Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysSalesOutstanding 58.3061.8564.7766.3559.2057.9962.0759.7057.3758.29
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK