See Also: Accounts Receivable Turnover Days Payable Outstanding Financial Ratios Operating Cycle Analysis Accounts Payable Turnover Definition The accounts payable turnover ratio indicates how many times a company pays off its suppliers during an accounting period. It also measures how a company manages paying its own bills. A higher ratio is generally more favorable as
See Also: Account Reconciliation Accounts Payable Turnover Cost Volume Profit Definition Accounts Receivable Accounts Receivable Turnover Unearned Revenue Accounts Payable Definition The accounts payable definition is a current liability account on the balance sheet. The account represents the company’s short-term financial obligations to creditors and suppliers – goods and services the company has already received
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