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Sonic Corp (NAS:SONC)
Days Sales Outstanding
21.86 (As of Feb. 2016)

Sonic Corp's account receivable for the three months ended in Feb. 2016 was $31.9 Mil. Sonic Corp's revenue for the three months ended in Feb. 2016 was $133.2 Mil. Hence, Sonic Corp's days sales outstanding for the three months ended in Feb. 2016 was 21.86.

SONC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 5.78   Max: 14.01
Current: 18.81

5.78
14.01

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.

SONC's Days Sales Outstanding is ranked lower than
73% of the 255 Companies
in the Global Restaurants industry.

( Industry Median: 8.07 vs. SONC: 18.81 )

Sonic Corp's days sales outstanding declined from Feb. 2015 (25.44) to Feb. 2016 (21.86).


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. 2015 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=19.713/606.089*365
=11.87

Sonic Corp's Days Sales Outstanding for the quarter that ended in Feb. 2016 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=31.9/133.16*365 / 4
=21.86

* 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

Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14Aug15
DaysSalesOutstanding 11.205.7813.5314.0111.9410.0511.4311.1012.0911.87

Sonic Corp Quarterly Data

Nov13Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16
DaysSalesOutstanding 19.0727.1711.0010.1918.3725.4419.5810.2620.6021.86
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