Free Calculators And Converters
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| This calculation shows the average number
of days it takes a company to receive payment from its debtors, the lower
figure the better. A high figure suggests inefficiency or potential bad
debts.
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Related Topics
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Debtor Day Calculator |
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| Cash businesses, such as shops, should have a very low debt collection days figure, as they get their money at the time of sale. Non-cash business have to operate in a credit environment, so whilst the ideal figure would be 30 days it is more likely to be nearer 60 days. | |||||
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