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Steelcase Inc's account receivable for the three months ended in Feb. 2016 was $323 Mil. Steelcase Inc's revenue for the three months ended in Feb. 2016 was $748 Mil. Hence, Steelcase Inc's days sales outstanding for the three months ended in Feb. 2016 was 39.37.
During the past 13 years, Steelcase Inc's highest Days Sales Outstanding was 42.36. The lowest was 32.14. And the median was 38.56.
Steelcase Inc's days sales outstanding declined from Feb. 2015 (39.62) to Feb. 2016 (39.37).
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. 2016 is calculated as
Steelcase Inc's Days Sales Outstanding for the quarter that ended in Feb. 2016 is calculated as:
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Steelcase Inc Annual Data
Steelcase Inc Quarterly Data