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GuruFocus has detected 4 Warning Signs with Quality Systems Inc $QSII.
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Quality Systems Inc (NAS:QSII)
Days Sales Outstanding
57.49 (As of Mar. 2017)

Quality Systems Inc's account receivable for the three months ended in Mar. 2017 was $83.4 Mil. Quality Systems Inc's revenue for the three months ended in Mar. 2017 was $132.4 Mil. Hence, Quality Systems Inc's days sales outstanding for the three months ended in Mar. 2017 was 57.49.

QSII' s Days Sales Outstanding Range Over the Past 10 Years
Min: 59.74   Max: 149.88
Current: 59.74

59.74
149.88

During the past 13 years, Quality Systems Inc's highest Days Sales Outstanding was 149.88. The lowest was 59.74. And the median was 120.68.

QSII's Days Sales Outstanding is ranked higher than
65% of the 1492 Companies
in the Global Health Information Services industry.

( Industry Median: 68.98 vs. QSII: 59.74 )

Quality Systems Inc's days sales outstanding declined from Mar. 2016 (67.07) to Mar. 2017 (57.49).


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.

Quality Systems Inc's Days Sales Outstanding for the fiscal year that ended in Mar. 2017 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=83.407/509.624*365
=59.74

Quality Systems 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
=83.407/132.385*365 / 4
=57.49

* 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.

Quality Systems Inc Annual Data

Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16Mar17
DaysSalesOutstanding 149.88133.90134.41144.37123.77117.5892.9780.1769.6959.74

Quality Systems Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysSalesOutstanding 78.2876.5274.6871.6272.1967.0761.0856.2653.8957.49
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