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Red Hat Inc (NYSE:RHT)
Days Sales Outstanding
85.58 (As of Feb. 2016)

Red Hat Inc's account receivable for the three months ended in Feb. 2016 was $510 Mil. Red Hat Inc's revenue for the three months ended in Feb. 2016 was $544 Mil. Hence, Red Hat Inc's days sales outstanding for the three months ended in Feb. 2016 was 85.58.

RHT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 68.02   Max: 95.46
Current: 55.68

68.02
95.46

During the past 13 years, Red Hat Inc's highest Days Sales Outstanding was 95.46. The lowest was 68.02. And the median was 81.18.

RHT's Days Sales Outstanding is ranked lower than
69% of the 1493 Companies
in the Global Software - Application industry.

( Industry Median: 68.48 vs. RHT: 55.68 )

Red Hat Inc's days sales outstanding declined from Feb. 2015 (92.05) to Feb. 2016 (85.58).


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.

Red Hat Inc's Days Sales Outstanding for the fiscal year that ended in Feb. 2015 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=468.021/1789.489*365
=95.46

Red Hat Inc's Days Sales Outstanding for the quarter that ended in Feb. 2016 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=509.715/543.502*365 / 4
=85.58

* 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.

Red Hat Inc Annual Data

Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15Feb16
DaysSalesOutstanding 80.1588.6371.9768.0274.1682.2083.2185.7795.4690.66

Red Hat Inc Quarterly Data

Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16May16
DaysSalesOutstanding 82.1857.2158.1171.0392.0553.9954.6869.1185.5852.44
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