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Rite Aid Corp's account receivable for the three months ended in May. 2016 was $1,679 Mil. Rite Aid Corp's revenue for the three months ended in May. 2016 was $8,184 Mil. Hence, Rite Aid Corp's days sales outstanding for the three months ended in May. 2016 was 18.72.
During the past 13 years, Rite Aid Corp's highest Days Sales Outstanding was 19.01. The lowest was 7.31. And the median was 13.54.
Rite Aid Corp's days sales outstanding increased from May. 2015 (13.31) to May. 2016 (18.72).
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.
Rite Aid Corp's Days Sales Outstanding for the fiscal year that ended in Feb. 2016 is calculated as
Rite Aid Corp's Days Sales Outstanding for the quarter that ended in May. 2016 is calculated as:
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Rite Aid Corp Annual Data
Rite Aid Corp Quarterly Data