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Finance Dictionary and Glossary of Investment Terms
Receivable Turnover
Definition 1.
The latest 12 months'' sales divided by the average receivables from the latest two quarters. It measures the number of times, on average, receivables are collected during a given period. The receivable ratio is total credit sales divided by accounts receivable. Receivable turnover ratio indicates how many times the receivables portfolio has been collected during the accounting period.
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