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Toro Co (NYSE:TTC)
Days Sales Outstanding
39.50 (As of Jan. 2015)

Toro Co's account receivable for the three months ended in Jan. 2015 was $205 Mil. Toro Co's revenue for the three months ended in Jan. 2015 was $474 Mil. Hence, Toro Co's days sales outstanding for the three months ended in Jan. 2015 was 39.50.

Toro Co's days sales outstanding declined from Jan. 2014 (40.89) to Jan. 2015 (39.50).


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 Oct. 2013 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=147.475/2041.431*365
=26.37

Toro Co's Days Sales Outstanding for the quarter that ended in Jan. 2015 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=205.287/474.211*365 / 4
=39.50

* 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

Oct04Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13
DaysSalesOutstanding 61.9759.9858.6153.1947.8332.2627.7227.5926.8826.37

Toro Co Quarterly Data

Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14Jan15
DaysSalesOutstanding 38.7937.0039.8636.1735.1940.8938.4034.6633.3839.50
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