Average days payable

Calculation: ( days in the period * average accounts payable ) / purchases on credit

Measures the average number of days it takes to pay suppliers. The Days in the Period is the number of days in the measurement period, normally 365. Average Accounts Payable is the average of the opening and closing balances of Accounts Payable for the measurement period.

Complete the fields below. When you are ready to see the result, click the Calculate button.

Step 1: Choose your industry sector

My industry sector:

To modify your industry sector, click here


Step 2: Calculate average days payable
Opening balance for accounts payable  
Closing balance for accounts payable  
Number of days in the measurement period 
Credit purchases 

v2.1.0.0