Difference between revisions of "Accounts receivable turnover ratio"
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| − | [[Accounts receivable turnover ratio]] is a ratio that indicates the number of times accounts receivable are converted to cash within a given period and the effectiveness of a company's credit policy. | + | [[Accounts receivable turnover ratio]] (or, simply, [[accounts receivable turnover]]) is a ratio that indicates the number of times accounts receivable are converted to cash within a given period and the effectiveness of a company's credit policy. |
Revision as of 04:47, 21 December 2018
Accounts receivable turnover ratio (or, simply, accounts receivable turnover) is a ratio that indicates the number of times accounts receivable are converted to cash within a given period and the effectiveness of a company's credit policy.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Accounts receivable turnover ratio. A ratio that indicates the number of times accounts receivable are converted to cash within a given period and the effectiveness of a company's credit policy.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
