Hi Vito Why do Inventory turnover, AR turnover AP turnover give 'NUMBER OF TIMES'? E.g, if the revenue is 3000 USD, and the A/R is 2000 USD, and the A/R turnover is 1.5, how does it yield to 'The A/R was processed 1.5 times? Also, how do comprehend dividing 365 by those turnovers give 'NUMBER OF DAYS'? Considering the above theory is correct i.e. the A/R turnover does represent the times that the A/R has been processed, then dividing 365 by the A/R turnover (say 2) literally means 'Each turnover happened for 183 days, did I miss the 'average'?

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逢同学2021-03-29 23:47:15

Hi Vito Why do Inventory turnover, AR turnover AP turnover give 'NUMBER OF TIMES'? E.g, if the revenue is 3000 USD, and the A/R is 2000 USD, and the A/R turnover is 1.5, how does it yield to 'The A/R was processed 1.5 times? Also, how do comprehend dividing 365 by those turnovers give 'NUMBER OF DAYS'? Considering the above theory is correct i.e. the A/R turnover does represent the times that the A/R has been processed, then dividing 365 by the A/R turnover (say 2) literally means 'Each turnover happened for 183 days, did I miss the 'average'?

回答（1）

李泽瑞2021-03-30 17:07:27

同学你好，
因为周转率是衡量的是在一年的时间内它发生的次数，比如存货周转率，就代表存货从产生到卖出一年之中发生几次。
再比如你的例子中，应收账款周转率（receivables turnover）也称为应收账款周转次数，指年度内应收账款转为现金的平均次数，它说明应收账款的变现速度。（3000/2000=1.5 times）意味着把货物卖出后到收到货款在一年内发生了1.5次。
应收账款周转天数（days of sales outstanding, DSO）又称收账期（collection period），就需要用365/ receivable turnover 。因为turnover ratio衡量的是在一年内的周转次数，一年365天，365除以 turnover ratio就可以算出每周转一次需要的平均天数。像是你例子中的周转天数=365/1.5=243天，指企业从发生应收帐款到收到现金平均需要243天。
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