Accounts Payable Turnover Days

Accounts Payable Turnover Days

Accounts Payable Turnover Days

Accounts Payable Turnover Days

oboloo’s Glossary

The official definition of Accounts Payable Turnover Days is the number of days between the last day of a fiscal period and the date on which accounts payable are settled. The formula for calculating Accounts Payable Turnover Days is:

Accounts Payable Turnover Days = 365 – A/P Balance

or

A/P Balance = 365 – Accounts Payable Turnover Days

Explanation: To calculate the number of days based on a balance or a credit, you subtract the balance or credit from 365 (the number of days in a year).