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Westlake Chemical Corp (NYSE:WLK)
Days Sales Outstanding
41.14 (As of Dec. 2014)

Westlake Chemical Corp's account receivable for the three months ended in Dec. 2014 was $512 Mil. Westlake Chemical Corp's revenue for the three months ended in Dec. 2014 was $1,136 Mil. Hence, Westlake Chemical Corp's days sales outstanding for the three months ended in Dec. 2014 was 41.14.

Westlake Chemical Corp's days sales outstanding increased from Dec. 2013 (38.22) to Dec. 2014 (41.14).


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.

Westlake Chemical Corp's Days Sales Outstanding for the fiscal year that ended in Dec. 2014 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=512.078/4415.35*365
=42.33

Westlake Chemical Corp's Days Sales Outstanding for the quarter that ended in Dec. 2014 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=512.078/1135.871*365 / 4
=41.14

* 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.

Westlake Chemical Corp Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysSalesOutstanding 45.2745.3858.0234.3353.3341.7638.3638.6138.7042.33

Westlake Chemical Corp Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
DaysSalesOutstanding 40.5743.0339.3842.0135.8838.2235.8939.5840.9941.14
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