Shows how many days it takes to get paid. (Accounts Receivable means money you are waiting for)
Total A/R / Average Daily Sales
Fewer days means faster cash coming in. Helps you pay bills on time.
Try sending payment reminders. Try offering easy payment plans. Try following up on overdue bills.
Aim for fewer than 30 days if you can.
While we don't track this specific metric yet, Caretrics monitors dozens of related KPIs automatically—no spreadsheets required.