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3M Co's account receivable for the three months ended in Jun. 2015 was $4,578 Mil. 3M Co's revenue for the three months ended in Jun. 2015 was $7,686 Mil. Hence, 3M Co's days sales outstanding for the three months ended in Jun. 2015 was 54.35.
3M Co's days sales outstanding increased from Jun. 2014 (53.39) to Jun. 2015 (54.35).
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. 2014 is calculated as
3M Co's Days Sales Outstanding for the quarter that ended in Jun. 2015 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