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Average Collection Period
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lightbulbAbout this topic
The Average Collection Period is a financial metric that measures the average number of days a company takes to collect payments from its credit sales. It is calculated by dividing accounts receivable by average daily sales, indicating the efficiency of a company's credit and collection policies.
lightbulbAbout this topic
The Average Collection Period is a financial metric that measures the average number of days a company takes to collect payments from its credit sales. It is calculated by dividing accounts receivable by average daily sales, indicating the efficiency of a company's credit and collection policies.