Accounts Payable Turnover Ratio: Definition, Formula, and Examples
That means the company has paid its average AP balance 2.29 times during the period of time measured. That all depends on the amount of time measured, along with current AP turnover ratio benchmarks and trends over time in the SaaS industry. As you can see, Bob’s average accounts payable for the year was $506,500 …
Accounts Payable Turnover Ratio: Definition, Formula, and Examples Read More »