Читать книгу Financial Management 101 - Angie Mohr - Страница 15

While the inventory turnover ratio tells you how quickly you can sell your goods, the receivables turnover ratio tells you how quickly you generally get the money for the sale into your bank account. The receivables turnover ratio is calculated much like the inventory turnover ratio:

Receivables turnover = Sales ÷ Accounts receivable

If your sales were $113,423 and your receivables balance was $18,903, the ratio would be calculated as —

Receivables turnover = $113,423 ÷ $18,903 = 6.0 times

We can also look at the average number of days before collection:

Days’ sales in receivables = 365 days ÷ Receivables turnover

= 365 ÷ 6.0 = 60.8 days

This tells us that, on average, we collect our receivables in just over 60 days. If our credit terms are net 30, this indicates a problem. We would need to examine our credit and collection policies to find out why we don’t get our money in 30 days.