How fast you pay your own bills
Cost of Goods Sold / Average Accounts Payable (bills you owe)
High turnover = you pay quickly. Low = you hold onto cash but may upset suppliers.
Negotiate payment terms. Pay on time to keep good supplier relations. Use a schedule.
6-12 times a year is common.
While we don't track this specific metric yet, Caretrics monitors dozens of related KPIs automatically—no spreadsheets required.