Days receivable
Accounts receivable
______________________ x 365
Sales
Days inventory
Inventory
___________ x 365
Cost of sales
Days payable
Accounts payable
___________________ x 365
Cost of sales
Receivables turnover
Sales
___________________
Average accounts receivable
Inventory turnover
Cost of sales
___________________
Average inventory
Receivables turnover
Cost of sales
______________________
Average accounts receivable
Inventory turnover
Cost of sales
________________
Average inventory
Payables turnover
Cost of sales
_______________
Average accounts payable