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Sonic Corp's account receivable for the three months ended in May. 2015 was $35.4 Mil. Sonic Corp's revenue for the three months ended in May. 2015 was $164.7 Mil. Hence, Sonic Corp's days sales outstanding for the three months ended in May. 2015 was 19.58.
Sonic Corp's days sales outstanding increased from May. 2014 (11.00) to May. 2015 (19.58).
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. 2015 is calculated as:
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
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