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Meredith Corp (NYSE:MDP)
Days Sales Outstanding
64.81 (As of Sep. 2014)

Meredith Corp's account receivable for the three months ended in Sep. 2014 was $264 Mil. Meredith Corp's revenue for the three months ended in Sep. 2014 was $371 Mil. Hence, Meredith Corp's days sales outstanding for the three months ended in Sep. 2014 was 64.81.

Meredith Corp's days sales outstanding increased from Sep. 2013 (60.68) to Sep. 2014 (64.81).


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.

Meredith Corp's Days Sales Outstanding for the fiscal year that ended in Jun. 2014 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=257.644/1468.708*365
=64.03

Meredith Corp's Days Sales Outstanding for the quarter that ended in Sep. 2014 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=263.624/371.184*365 / 4
=64.81

* 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.

Meredith Corp Annual Data

Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14
DaysSalesOutstanding 52.8054.6960.4053.1449.8458.8255.3557.1457.6364.03

Meredith Corp Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
DaysSalesOutstanding 52.5157.4156.3755.9254.7860.6861.4959.8260.1664.81
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