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Steelcase Inc (NYSE:SCS)
Days Sales Outstanding
40.73 (As of May. 2017)

Steelcase Inc's account receivable for the three months ended in May. 2017 was $328 Mil. Steelcase Inc's revenue for the three months ended in May. 2017 was $735 Mil. Hence, Steelcase Inc's days sales outstanding for the three months ended in May. 2017 was 40.73.

SCS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 32.14   Max: 42.36
Current: 39.28

32.14
42.36

During the past 13 years, Steelcase Inc's highest Days Sales Outstanding was 42.36. The lowest was 32.14. And the median was 37.98.

SCS's Days Sales Outstanding is ranked higher than
87% of the 1419 Companies
in the Global Business Equipment industry.

( Industry Median: 80.37 vs. SCS: 39.28 )

Steelcase Inc's days sales outstanding declined from May. 2016 (41.54) to May. 2017 (40.73).


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.

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

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=307.6/3032.4*365
=37.02

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

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=328.1/735.1*365 / 4
=40.73

* 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.

Steelcase Inc Annual Data

Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15Feb16Feb17
DaysSalesOutstanding 42.3632.1438.6240.5936.0336.5537.4738.8438.4937.02

Steelcase Inc Quarterly Data

Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17May17
DaysSalesOutstanding 39.6242.9041.1040.1639.3741.5439.2338.0736.5040.73
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