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Targa Resources Corp's account receivable for the three months ended in Jun. 2016 was $490 Mil. Targa Resources Corp's revenue for the three months ended in Jun. 2016 was $1,584 Mil. Hence, Targa Resources Corp's days sales outstanding for the three months ended in Jun. 2016 was 28.24.
During the past 8 years, Targa Resources Corp's highest Days Sales Outstanding was 38.08. The lowest was 13.87. And the median was 30.57.
Targa Resources Corp's days sales outstanding declined from Jun. 2015 (32.35) to Jun. 2016 (28.24).
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.
Targa Resources Corp's Days Sales Outstanding for the fiscal year that ended in Dec. 2015 is calculated as
Targa Resources Corp's Days Sales Outstanding for the quarter that ended in Jun. 2016 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.
Targa Resources Corp Annual Data
Targa Resources Corp Quarterly Data