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Sonic Corp (NAS:SONC)
Days Sales Outstanding
10.19 (As of Aug. 2014)

Sonic Corp's account receivable for the three months ended in Aug. 2014 was $18.3 Mil. Sonic Corp's revenue for the three months ended in Aug. 2014 was $163.8 Mil. Hence, Sonic Corp's days sales outstanding for the three months ended in Aug. 2014 was 10.19.

Sonic Corp's days sales outstanding increased from Aug. 2013 (9.48) to Aug. 2014 (10.19).


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.

Sonic Corp's Days Sales Outstanding for the fiscal year that ended in Aug. 2014 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=18.292/552.349*365
=12.09

Sonic Corp's Days Sales Outstanding for the quarter that ended in Aug. 2014 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=18.292/163.769*365 / 4
=10.19

* 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.

Sonic Corp Annual Data

Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14
DaysSalesOutstanding 11.0111.205.7813.5314.0116.8711.859.9611.1012.09

Sonic Corp Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
DaysSalesOutstanding 21.458.9717.1925.4810.999.4819.0727.1711.0010.19
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