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Goodyear Tire & Rubber Co (NAS:GT)
Days Sales Outstanding
54.16 (As of Jun. 2015)

Goodyear Tire & Rubber Co's account receivable for the three months ended in Jun. 2015 was $2,476 Mil. Goodyear Tire & Rubber Co's revenue for the three months ended in Jun. 2015 was $4,172 Mil. Hence, Goodyear Tire & Rubber Co's days sales outstanding for the three months ended in Jun. 2015 was 54.16.

Goodyear Tire & Rubber Co's days sales outstanding declined from Jun. 2014 (55.68) to Jun. 2015 (54.16).


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.

Goodyear Tire & Rubber Co's Days Sales Outstanding for the fiscal year that ended in Dec. 2014 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=2126/18138*365
=42.78

Goodyear Tire & Rubber Co's Days Sales Outstanding for the quarter that ended in Jun. 2015 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=2476/4172*365 / 4
=54.16

* 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.

Goodyear Tire & Rubber Co Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysSalesOutstanding 63.6954.5057.6647.1456.8753.0345.6844.5645.4842.78

Goodyear Tire & Rubber Co Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
DaysSalesOutstanding 56.8053.7059.3646.3859.4855.6859.1944.5457.2154.16
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