What does Receivables Turnover TTM mean?
This ratio measures the number of times, on average, receivables (money owed by customers) is collected during a reporting period. It can be used to determine whether the company is having trouble collecting the cash it provided customers on credit. While it is best calculated by dividing sales made on credit by average accounts receivable, we have used total sales since many companies do not disclose how much of the sales were made on credit.
