Accounts Payable Turnover Ratio: Definition, Formula, and Examples
Again, a high ratio is preferable as it demonstrates a company’s ability to pay on time. It’s used to show how quickly a company pays its suppliers during a given accounting period. The accounts payable turnover ratio is a financial metric that measures how efficiently a company pays back its suppliers. It provides important insights …
Accounts Payable Turnover Ratio: Definition, Formula, and Examples Read More »