Sonic's average Accounts Receivable for the
three
months ended in Aug. 2018 was $20.6 Mil. Sonic's Revenue for the
three
months ended in Aug. 2018 was $111.8 Mil.
Hence, Sonic's Days Sales Outstanding for the
three
months ended in Aug. 2018 was 16.83.
The historical rank and industry rank for Sonic's Days Sales Outstanding or its related term are showing as below:
SONC's Days Sales Outstanding is not ranked *
in the Restaurants industry.
Industry Median: 11.605 * Ranked among companies with meaningful Days Sales Outstanding only.
Sonic's Days Sales Outstanding
increased
from Aug. 2017 (15.09) to Aug. 2018 (16.83).
Sonic Days Sales Outstanding Historical Data
The historical data trend for Sonic's Days Sales Outstanding can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Sonic's Days Sales Outstanding
For the Restaurants subindustry, Sonic's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:
* 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. Note that "N/A" values will not show up in the chart.
Sonic's Days Sales Outstanding Distribution in the Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Sonic's Days Sales Outstanding distribution charts can be found below:
* The bar in red indicates where Sonic's Days Sales Outstanding falls into.
Sonic Days Sales Outstanding Calculation
Days Sales Outstanding measures 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.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Sonic (NAS:SONC) Days Sales Outstanding Explanation
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Sonic Days Sales Outstanding Related Terms
Thank you for viewing the detailed overview of Sonic's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.
Sonic Corp operates and franchises drive-in restaurants throughout the United States. The restaurants typically consist of a building that houses only a kitchen to go along with 16 to 24 parking spaces that have their own payment terminals, intercom speakers, and menu boards. Carhops serve customers in their cars. Many locations also have a drive-thru lane and patio seating as alternatives. Sonic franchises roughly 90% of its restaurants, and the royalty revenue the company earns on franchise sales contributes roughly a quarter of total company revenue. Company-operated stores provide the balance of total revenue. Sonic owns the property on which hundreds of its restaurants are located. For those properties that house franchised stores, franchisees lease from the company.
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