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Morningstar Inc's account receivable for the three months ended in Jun. 2016 was $137.3 Mil. Morningstar Inc's revenue for the three months ended in Jun. 2016 was $198.2 Mil. Hence, Morningstar Inc's days sales outstanding for the three months ended in Jun. 2016 was 63.21.
During the past 13 years, Morningstar Inc's highest Days Sales Outstanding was 75.48. The lowest was 59.66. And the median was 65.27.
Morningstar Inc's days sales outstanding declined from Jun. 2015 (64.97) to Jun. 2016 (63.21).
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.
Morningstar Inc's Days Sales Outstanding for the fiscal year that ended in Dec. 2015 is calculated as
Morningstar Inc's Days Sales Outstanding for the quarter that ended in Jun. 2016 is calculated as:
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Morningstar Inc Annual Data
Morningstar Inc Quarterly Data