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Steelcase Inc (NYSE:SCS)
Days Sales Outstanding
42.90 (As of May. 2015)

Steelcase Inc's account receivable for the three months ended in May. 2015 was $332 Mil. Steelcase Inc's revenue for the three months ended in May. 2015 was $706 Mil. Hence, Steelcase Inc's days sales outstanding for the three months ended in May. 2015 was 42.90.

Steelcase Inc's days sales outstanding increased from May. 2014 (40.65) to May. 2015 (42.90).


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.

Steelcase 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
=325.6/3059.7*365
=38.84

Steelcase Inc's Days Sales Outstanding for the quarter that ended in May. 2015 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=331.7/705.5*365 / 4
=42.90

* 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.

Steelcase Inc Annual Data

Feb06Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15
DaysSalesOutstanding 48.5941.5542.3632.1438.6240.5936.0336.5537.4738.84

Steelcase Inc Quarterly Data

Feb13May13Aug13Nov13Feb14May14Aug14Nov14Feb15May15
DaysSalesOutstanding 36.3441.2439.9341.8535.9240.6540.2340.4939.6242.90
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