Accounts Payable Turnover

Business, Legal & Accounting Glossary

Definition: Accounts Payable Turnover


Accounts Payable Turnover


Full Definition of Accounts Payable Turnover


The average duration an item remains in accounts payable, equal to total purchases divided by average accounts payable. A change over time in the accounts payable turnover means that a company is paying off their suppliers either faster or slower than they were previously.


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https://payrollheaven.com/define/accounts-payable-turnover/
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Accounts Payable Turnover. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 04, 2021 https://payrollheaven.com/define/accounts-payable-turnover/.
Chicago Manual of Style (CMS):
Accounts Payable Turnover. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/accounts-payable-turnover/ (accessed: December 04, 2021).
American Psychological Association (APA):
Accounts Payable Turnover. PayrollHeaven.com. Retrieved December 04, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/accounts-payable-turnover/

Definition Sources


Definitions for Accounts Payable Turnover are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.