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GuruFocus has detected 5 Warning Signs with McCormick & Co Inc $MKC.
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McCormick & Co Inc (NYSE:MKC)
Days Sales Outstanding
35.36 (As of Feb. 2017)

McCormick & Co Inc's account receivable for the three months ended in Feb. 2017 was $404 Mil. McCormick & Co Inc's revenue for the three months ended in Feb. 2017 was $1,044 Mil. Hence, McCormick & Co Inc's days sales outstanding for the three months ended in Feb. 2017 was 35.36.

MKC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 33.36   Max: 57.14
Current: 33.36

33.36
57.14

During the past 13 years, McCormick & Co Inc's highest Days Sales Outstanding was 57.14. The lowest was 33.36. And the median was 42.33.

MKC's Days Sales Outstanding is ranked higher than
56% of the 1148 Companies
in the Global Packaged Foods industry.

( Industry Median: 38.13 vs. MKC: 33.36 )

McCormick & Co Inc's days sales outstanding increased from Feb. 2016 (32.88) to Feb. 2017 (35.36).


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.

McCormick & Co Inc's Days Sales Outstanding for the fiscal year that ended in Nov. 2016 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=465.2/4411.5*365
=38.49

McCormick & Co Inc's Days Sales Outstanding for the quarter that ended in Feb. 2017 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=404.4/1043.7*365 / 4
=35.36

* 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.

McCormick & Co Inc Annual Data

Nov07Nov08Nov09Nov10Nov11Nov12Nov13Nov14Nov15Nov16
DaysSalesOutstanding 57.1443.7441.7742.3042.1542.3643.8642.4638.6738.49

McCormick & Co Inc Quarterly Data

Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17
DaysSalesOutstanding 38.3834.6934.8036.4134.5632.8834.2937.2434.6035.36
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