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3M Co's account receivable for the three months ended in Sep. 2014 was $4,711 Mil. 3M Co's revenue for the three months ended in Sep. 2014 was $8,137 Mil. Hence, 3M Co's days sales outstanding for the three months ended in Sep. 2014 was 52.83.
3M Co's days sales outstanding declined from Sep. 2013 (52.96) to Sep. 2014 (52.83).
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.
3M Co's Days Sales Outstanding for the fiscal year that ended in Dec. 2013 is calculated as
3M Co's Days Sales Outstanding for the quarter that ended in Sep. 2014 is calculated as:
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
3M Co Annual Data
3M Co Quarterly Data