Series 79: Payables Turnover Ratio

Taken from our FINRA Investment Banking Exam

Definition of the term Payables Turnover Ratio...

a measure of how promptly a company pays its suppliers during a given accounting period, such as a fiscal year. It is the period’s COGS over the average dollar value of the company’s accounts payable for the period. Compare to days payables outstanding (DPO).

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