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Medtronic, Inc.'s account receivable for the three months ended in Jan. 2014 was $3,619 Mil. Medtronic, Inc.'s revenue for the three months ended in Jan. 2014 was $4,163 Mil. Hence, Medtronic, Inc.'s days sales outstanding for the three months ended in Jan. 2014 was 79.11.
Medtronic, Inc.'s days sales outstanding declined from Jan. 2013 (79.81) to Jan. 2014 (79.11).
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.
Medtronic, Inc.'s Days Sales Outstanding for the fiscal year that ended in Apr. 2013 is calculated as
Medtronic, Inc.'s Days Sales Outstanding for the quarter that ended in Jan. 2014 is calculated as:
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Medtronic, Inc. Annual Data
Medtronic, Inc. Quarterly Data