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Quality Systems Inc's account receivable for the three months ended in Jun. 2015 was $100.0 Mil. Quality Systems Inc's revenue for the three months ended in Jun. 2015 was $122.2 Mil. Hence, Quality Systems Inc's days sales outstanding for the three months ended in Jun. 2015 was 74.68.
Quality Systems Inc's days sales outstanding declined from Jun. 2014 (86.57) to Jun. 2015 (74.68).
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.
Quality Systems Inc's Days Sales Outstanding for the fiscal year that ended in Mar. 2015 is calculated as
Quality Systems Inc'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.
Quality Systems Inc Annual Data
Quality Systems Inc Quarterly Data