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Mitcham Industries Inc's account receivable for the three months ended in Jan. 2017 was $15.83 Mil. Mitcham Industries Inc's revenue for the three months ended in Jan. 2017 was $12.55 Mil. Hence, Mitcham Industries Inc's days sales outstanding for the three months ended in Jan. 2017 was 115.12.
During the past 13 years, Mitcham Industries Inc's highest Days Sales Outstanding was 154.70. The lowest was 61.21. And the median was 108.97.
Mitcham Industries Inc's days sales outstanding declined from Jan. 2016 (175.16) to Jan. 2017 (115.12).
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.
Mitcham Industries Inc's Days Sales Outstanding for the fiscal year that ended in Jan. 2017 is calculated as
Mitcham Industries Inc's Days Sales Outstanding for the quarter that ended in Jan. 2017 is calculated as:
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Mitcham Industries Inc Annual Data
Mitcham Industries Inc Quarterly Data