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Red Hat Inc  (NYSE:RHT) Days Sales Outstanding: 57.96 (As of May. 2017)

Red Hat Inc's Accounts Receivable for the three months ended in May. 2017 was $430 Mil. Red Hat Inc's Revenue for the three months ended in May. 2017 was $677 Mil. Hence, Red Hat Inc's days sales outstanding for the three months ended in May. 2017 was 57.96.

NYSE:RHT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 62.25   Max: 96.07
Current: 62.25

62.25
96.07

During the past 13 years, Red Hat Inc's highest Days Sales Outstanding was 96.07. The lowest was 62.25. And the median was 84.49.

NYSE:RHT's Days Sales Outstanding is ranked higher than
55% of the 1484 Companies
in the Global industry.

( Industry Median: 66.73 vs. NYSE:RHT: 62.25 )

Red Hat Inc's days sales outstanding increased from May. 2016 (52.44) to May. 2017 (57.96).


Historical Data

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

* Premium members only.

Red Hat Inc Annual Data

Feb08 Feb09 Feb10 Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 Feb17
Days Sales Outstanding Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 83.21 85.77 95.46 90.66 96.07

Red Hat Inc Quarterly Data

Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17
Days Sales Outstanding Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 52.44 54.75 63.39 92.12 57.96

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Calculation

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 Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Red Hat Inc's Days Sales Outstanding for the fiscal year that ended in Feb. 2017 is calculated as

Days Sales Outstanding=Accounts Receivable/Revenue*Days in Period
=634.821/2411.803*365
=96.07

Red Hat Inc's Days Sales Outstanding for the quarter that ended in May. 2017 is calculated as:

Days Sales Outstanding=Accounts Receivable/Revenue*Days in Period
=429.908/676.796*365 / 4
=57.96

* 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


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Red Hat Inc 2018 Q2 Results Earnings Call Slides

- Seekingalpha 2017-09-25 17:43:48

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