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H&R Block Inc's account receivable for the three months ended in Jul. 2015 was $103 Mil. H&R Block Inc's revenue for the three months ended in Jul. 2015 was $138 Mil. Hence, H&R Block Inc's days sales outstanding for the three months ended in Jul. 2015 was 68.37.
H&R Block Inc's days sales outstanding declined from Jul. 2014 (83.55) to Jul. 2015 (68.37).
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.
H&R Block Inc's Days Sales Outstanding for the fiscal year that ended in Apr. 2015 is calculated as
H&R Block Inc's Days Sales Outstanding for the quarter that ended in Jul. 2015 is calculated as:
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
H&R Block Inc Annual Data
H&R Block Inc Quarterly Data