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On-time Receipts Ratio Days Receivables Outstanding 51110 3 {{{keywords}}} {{{description}}}
AE111
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Latest revision as of 14:48, 10 June 2017
On-time Receipts Ratio measures the amounts collected on or before the payment terms expired as a percentage of total receipts.
Calculation
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where:
- Received On-time = Total amounts collected on or before contractual payment terms expired
- Receipts = Total amounts collected in the reported period
Unit of measure: %
Importance
On-time collections is desired from an Asset Efficiency perspective as it frees-up cash.
Community Importance Rating: