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GuruFocus has detected 3 Warning Signs with II-VI Inc $IIVI.
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II-VI Inc (NAS:IIVI)
Days Sales Outstanding
64.65 (As of Mar. 2017)

II-VI Inc's account receivable for the three months ended in Mar. 2017 was $173.6 Mil. II-VI Inc's revenue for the three months ended in Mar. 2017 was $245.0 Mil. Hence, II-VI Inc's days sales outstanding for the three months ended in Mar. 2017 was 64.65.

IIVI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 53.85   Max: 83.16
Current: 67.41

53.85
83.16

During the past 13 years, II-VI Inc's highest Days Sales Outstanding was 83.16. The lowest was 53.85. And the median was 70.12.

IIVI's Days Sales Outstanding is ranked higher than
66% of the 1832 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 77.75 vs. IIVI: 67.41 )

II-VI Inc's days sales outstanding declined from Mar. 2016 (66.13) to Mar. 2017 (64.65).


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.

II-VI Inc's Days Sales Outstanding for the fiscal year that ended in Jun. 2016 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=164.817/827.216*365
=72.72

II-VI Inc's Days Sales Outstanding for the quarter that ended in Mar. 2017 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=173.564/244.987*365 / 4
=64.65

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

II-VI Inc Annual Data

Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15Jun16
DaysSalesOutstanding 62.3664.4953.8583.1665.7774.0570.9973.0469.2572.72

II-VI Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysSalesOutstanding 69.9167.4165.3164.2961.1466.1362.2864.2460.3964.65
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