What does days' in receivable tell us about a business?
Answer
Today's in receivable about a business tells us how efficient a business is in collecting its sale on account.
Days in receivable of 30 days represents that a company on an average collects its receivable in 30 days where as days and disable off 40 days says a company can collect it's receivable in 40 days. Longer the days in receivable the less company is efficient. A company which has taken receivable of 10 to 15 days is considered highly efficient in comparison to to above stated examples.
A lesser days receivable is considered good for the company e and its liquidity situation.
Days and receivable is calculated by dividing days in a year with receivables turnover.
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