Accounts receivable turnover
The ratio of net credit sales to average accounts receivable, which is a measure of how quickly customers pay their bills. | ||||
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ACCOUNTS RECEIVABLE TURNOVER Definition from Business & Finance Dictionaries & Glossaries
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ACCOUNTS RECEIVABLE TURNOVER
The number of times a business's receivables turn over on a particular cycle. It is the ratio obtained by dividing total non-cash sales (credit sales) by the accounts receivable. An excellent way to determine cash flow.
The number of times a business's receivables turn over on a particular cycle. It is the ratio obtained by dividing total non-cash sales (credit sales) by the accounts receivable. An excellent way to determine cash flow.