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Steelcase Inc's account receivable for the three months ended in May. 2014 was $322 Mil. Steelcase Inc's revenue for the three months ended in May. 2014 was $723 Mil. Hence, Steelcase Inc's days sales outstanding for the three months ended in May. 2014 was 40.54.
Steelcase Inc's days sales outstanding declined from May. 2013 (41.13) to May. 2014 (40.54).
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. 2014 is calculated as
Steelcase Inc's Days Sales Outstanding for the quarter that ended in May. 2014 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