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Zipcar Inc (NAS:ZIP)
Days Sales Outstanding
8.54 (As of Dec. 2012)

Zipcar Inc's account receivable for the three months ended in Dec. 2012 was \$6.6 Mil. Zipcar Inc's revenue for the three months ended in Dec. 2012 was \$70.7 Mil. Hence, Zipcar Inc's days sales outstanding for the three months ended in Dec. 2012 was 8.54.

Zipcar Inc's days sales outstanding declined from Dec. 2011 (10.81) to Dec. 2012 (8.54).

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.

Zipcar Inc's Days Sales Outstanding for the fiscal year that ended in Dec. 2012 is calculated as

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 6.613 / 278.868 * 365 = 8.66

Zipcar Inc's Days Sales Outstanding for the quarter that ended in Dec. 2012 is calculated as:

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 6.613 / 70.694 * 365 / 4 = 8.54

* 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

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Zipcar Inc Annual Data

 Dec08 Dec09 Dec10 Dec11 Dec12 DaysSalesOutstanding 0.00 0.00 0.00 0.00 0.00 7.38 7.84 8.28 11.26 8.66

Zipcar Inc Quarterly Data

 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 DaysSalesOutstanding 8.32 7.40 9.45 7.28 7.63 10.81 9.87 8.70 11.09 8.54
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