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Red Hat Inc's account receivable for the three months ended in Aug. 2016 was $360 Mil. Red Hat Inc's revenue for the three months ended in Aug. 2016 was $600 Mil. Hence, Red Hat Inc's days sales outstanding for the three months ended in Aug. 2016 was 54.75.
During the past 13 years, Red Hat Inc's highest Days Sales Outstanding was 95.46. The lowest was 58.78. And the median was 82.71.
Red Hat Inc's days sales outstanding increased from Aug. 2015 (54.68) to Aug. 2016 (54.75).
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. 2016 is calculated as
Red Hat Inc's Days Sales Outstanding for the quarter that ended in Aug. 2016 is calculated as:
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Red Hat Inc Annual Data
Red Hat Inc Quarterly Data