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Sonic Corp's account receivable for the three months ended in May. 2016 was $20.4 Mil. Sonic Corp's revenue for the three months ended in May. 2016 was $165.2 Mil. Hence, Sonic Corp's days sales outstanding for the three months ended in May. 2016 was 11.27.
During the past 13 years, Sonic Corp's highest Days Sales Outstanding was 14.01. The lowest was 5.78. And the median was 11.65.
Sonic Corp's days sales outstanding declined from May. 2015 (19.58) to May. 2016 (11.27).
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.
Sonic Corp's Days Sales Outstanding for the fiscal year that ended in Aug. 2015 is calculated as
Sonic Corp's Days Sales Outstanding for the quarter that ended in May. 2016 is calculated as:
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Sonic Corp Annual Data
Sonic Corp Quarterly Data