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How do you do a turnover?

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Anonymous

8y ago
Updated: 2/27/2022

There are two ways to calculate Creditors Turnover.

First is using the COGS (Cost of Goods Sold) as the basis. Creditors Turnover = COGS / Creditors (A/c Payables) .

Second is the more common method which uses Sales as the basis. Creditors Turnover = Net Sales / Creditors (A/c Payables).

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Jacky Farrell

Lvl 10
3y ago

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