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Turnover

This topic has 2 replies, 2 voices, and was last updated 3 years ago by Sourav9271.

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July 8, 2021 at 9:36 am #627212
Sourav9271
Participant
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Sir,
If I have any turnover ex: receivables,
Payables or inventory.
Ex: 12 times
How to convert it to days.?
Can I get it by 365/ turnover (12)
A yes/no answer will work.Since I just wanted to confirm
July 8, 2021 at 4:52 pm #627235
John Moffat
Keymaster
- Topics: 57
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Yes (but check that the question does not say ‘assume 360 days in a year’ as it sometimes does 🙂 )
July 8, 2021 at 6:16 pm #627245
Sourav9271
Participant
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Yes sir I always try to be prudent with number of days due to your emphasis.
Thanks alot for confirmation. 🙂
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