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Poseidon Concepts Corp (TSX:PSN)
Days Sales Outstanding
248.35 (As of Dec. 2011)

Poseidon Concepts Corp's account receivable for the six months ended in Dec. 2011 was C$53.60 Mil. Poseidon Concepts Corp's revenue for the six months ended in Dec. 2011 was C$78.77 Mil. Hence, Poseidon Concepts Corp's days sales outstanding for the six months ended in Dec. 2011 was 124.18.

Poseidon Concepts Corp's days sales outstanding increased from Dec. 2009 (139.87) to Dec. 2011 (248.35).


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.

Poseidon Concepts Corp's Days Sales Outstanding for the fiscal year that ended in Dec. 2011 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=53.595/78.767*365
=248.35

Poseidon Concepts Corp's Days Sales Outstanding for the quarter that ended in Dec. 2011 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=53.595/78.767*365 / 2
=124.18

* 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.

Poseidon Concepts Corp Annual Data

Dec07Dec08Dec09Dec10Dec11
DaysSalesOutstanding 0.000.000.000.000.00121.58168.24139.87635.94248.35

Poseidon Concepts Corp Semi-Annual Data

Dec07Dec08Dec09Dec10Dec11
DaysSalesOutstanding 0.000.000.000.000.00121.58168.24139.87635.94248.35
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