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How to Calculate Your Accounts Receivable Turnover Ratio: Formula and Examples

We show you how to calculate and improve your accounts receivable turnover ratio. Understanding the accounts receivable turnover ratio formula can help you determine how effective you are at extending credit and collecting debts from your customers. In this video, we break down accounts receivable turnover ratio so you can use it to gain valuable insight into your business operations. For our complete guide, visit: http://bit.ly/2Oqag40. Our video covers: Accounts receivable turnover ratio formula (1:02) The formula for accounts receivable turnover ratio is net credit sales divided by average accounts receivable. You can find these numbers on your business’s balance sheet. Accounts receivable turnover ratio example (1:54) What makes a good accounts receivable turnover ratio (3:41) In general, a high accounts receivable turnover ratio is better than a low ratio. A low ratio can indicate that your credit collection policies aren’t strict enough. However, if your ratio is too high, you might be turning customers away with too-strict credit collection policies. It’s good to find a balance. How to improve your accounts receivable turnover ratio (4:38) The best way to improve your accounts receivable turnover ratio is to collect on invoices more quickly and efficiently. Some strategies to do this are sending out the invoice more quickly, offering early payment discounts, and enforcing late payment fees. Want to discover what financial options are available for your small business? Using Fundera’s proprietary technology, you can apply for financing with over 30 different lenders with one application, at no cost whatsoever. Get started today: http://bit.ly/330xhjg Subscribe to our YouTube channel for more videos on how to help your business succeed: http://bit.ly/2LhY8nb