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Toro Co (NYSE:TTC)
Days Sales Outstanding
38.29 (As of Apr. 2014)

Toro Co's account receivable for the three months ended in Apr. 2014 was $313 Mil. Toro Co's revenue for the three months ended in Apr. 2014 was $745 Mil. Hence, Toro Co's days sales outstanding for the three months ended in Apr. 2014 was 38.29.

Toro Co's days sales outstanding declined from Apr. 2013 (39.76) to Apr. 2014 (38.29).


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.

Toro Co's Days Sales Outstanding for the fiscal year that ended in Apr. 2014 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=0/2083.295*365
=0.00

Toro Co's Days Sales Outstanding for the quarter that ended in Apr. 2014 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=313.489/745.03*91
=38.29

* 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.

Toro Co Annual Data

Jul95Apr14
DaysSalesOutstanding 0.000.000.000.000.000.000.000.0082.200.00

Toro Co Quarterly Data

Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14
DaysSalesOutstanding 35.9035.5739.5436.9039.7636.0837.4140.7738.2934.57
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