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3M Co's account receivable for the three months ended in Jun. 2016 was $4,667 Mil. 3M Co's revenue for the three months ended in Jun. 2016 was $7,662 Mil. Hence, 3M Co's days sales outstanding for the three months ended in Jun. 2016 was 55.58.
During the past 13 years, 3M Co's highest Days Sales Outstanding was 56.63. The lowest was 46.15. And the median was 49.53.
3M Co's days sales outstanding increased from Jun. 2015 (54.35) to Jun. 2016 (55.58).
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. 2015 is calculated as
3M Co's Days Sales Outstanding for the quarter that ended in Jun. 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.
3M Co Annual Data
3M Co Quarterly Data