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Targa Resources Corp's account receivable for the three months ended in Sep. 2014 was $698 Mil. Targa Resources Corp's revenue for the three months ended in Sep. 2014 was $2,288 Mil. Hence, Targa Resources Corp's days sales outstanding for the three months ended in Sep. 2014 was 27.84.
Targa Resources Corp's days sales outstanding declined from Sep. 2013 (31.03) to Sep. 2014 (27.84).
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. 2013 is calculated as
Targa Resources Corp's Days Sales Outstanding for the quarter that ended in Sep. 2014 is calculated as:
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