Accounts Payable Turnover

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Definition: Accounts Payable Turnover

Accounts Payable Turnover
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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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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/accounts-payable-turnover/
Modern Language Association (MLA):
Accounts Payable Turnover. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 23, 2024 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: April 23, 2024).
American Psychological Association (APA):
Accounts Payable Turnover. PayrollHeaven.com. Retrieved April 23, 2024
, 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.