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Radian Group Inc (NYSE:RDN)
Days Sales Outstanding
19.73 (As of Mar. 2014)

Radian Group Inc's account receivable for the three months ended in Mar. 2014 was $75.1 Mil. Radian Group Inc's revenue for the three months ended in Mar. 2014 was $346.3 Mil. Hence, Radian Group Inc's days sales outstanding for the three months ended in Mar. 2014 was 19.73.

Radian Group Inc's days sales outstanding declined from Mar. 2013 (181.55) to Mar. 2014 (19.73).


Definition

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.

Radian Group Inc's Days Sales Outstanding for the fiscal year that ended in Dec. 2013 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=75.106/758.987*365
=36.12

Radian Group Inc's Days Sales Outstanding for the quarter that ended in Mar. 2014 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=75.072/346.256*91
=19.73

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.


Related Terms

Account Receivable, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Radian Group Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysSalesOutstanding 0.0023.7718.73237.4118.2042.85101.8219.2338.7036.12

Radian Group Inc Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
DaysSalesOutstanding 25.6275.9152.4449.6035.23181.5538.9131.6425.1719.73
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