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Meredith Corp's account receivable for the three months ended in Mar. 2016 was $281 Mil. Meredith Corp's revenue for the three months ended in Mar. 2016 was $423 Mil. Hence, Meredith Corp's days sales outstanding for the three months ended in Mar. 2016 was 60.72.
During the past 13 years, Meredith Corp's highest Days Sales Outstanding was 65.17. The lowest was 49.84. And the median was 57.39.
Meredith Corp's days sales outstanding declined from Mar. 2015 (61.77) to Mar. 2016 (60.72).
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. 2015 is calculated as
Meredith Corp's Days Sales Outstanding for the quarter that ended in Mar. 2016 is calculated as:
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Meredith Corp Annual Data
Meredith Corp Quarterly Data