This ratio shows the trade payable payment speed of the company.

It is expected to be a small value.
 

 

Calculation:

Payables Turnover = Net Sales TTM / Average ST Trade Payables

Net Sales TTM is calculated by summing the Sales values of the selected quarter and the previous 3 quarters.

Average ST Trade Payables is the average of the ST Trade Payables values of the selected quarter and the previous 4 quarters.