1, accounts receivable turnover rate
The turnover rate of accounts receivable is an index reflecting the turnover rate of accounts receivable, which is the ratio of net income from credit sales to the average balance of accounts receivable in a certain period of time. Accounts receivable turnover rate has two expressions. One is the turnover times of accounts receivable in a certain period (usually one year), and the other is the turnover days of accounts receivable, which is called the aging of accounts receivable. The more accounts receivable turnover times in a certain period, the faster accounts receivable recovery and the higher enterprise management efficiency. This not only helps enterprises to recover loans in time, reduce or avoid the possibility of bad debt losses, but also helps to improve the liquidity of enterprise assets and the repayment ability of short-term debts.
2. Inventory turnover rate
Inventory turnover rate is the ratio of the cost of goods sold to the average inventory balance in a certain period. It is an index that reflects the sales ability and liquidity of current assets of enterprises, and it is also a comprehensive index to measure the efficiency of inventory operation in all aspects of production and operation of enterprises. Generally speaking, the higher the inventory turnover rate, the better. In the case of a certain average inventory level, the higher the inventory turnover rate, the better. In the case of a certain average inventory level, the higher the inventory turnover rate, indicating that the cost of selling goods increases, the number of products sold increases, and the sales ability of enterprises is strengthened.
3. Turnover rate of current assets
The turnover rate of current assets is an index reflecting the turnover rate of current assets of enterprises. It is the ratio of the average occupancy of current assets to the turnover rate of current assets in a certain period. In a certain period, the more turnover times of current assets, the more turnover times completed with the same current assets, the better the utilization effect of current assets. When the turnover rate of current assets is expressed in days of turnover, the fewer days of turnover, the shorter the time that current assets go through various stages of production and sales, the faster the turnover will be. The improvement of any link in production and operation will be reflected in the shortening of turnover days. The turnover rate of current assets expressed in days can directly reflect the improvement of production and operation.
Tips: The above information is for reference only.
Response time: 2021-05-11. Please refer to the latest business changes announced by Ping An Bank in official website.
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