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average payment period



average payment period

The average payment period is a method used to determine the average length of time it takes for consumers to pay off their credit card debt. A credit card can be used to make purchases, which increase the amount of money owed to the bank. The amount owed on the credit card increases over time. If the credit card is paid off in full each month, all of the purchases made on the credit card will be paid off with the remaining money.

We recently wrote about how people are getting paid less and less every year, to where it has now reached a point where the median U.S. income is less than what a 40-hour work week earns. While this may not be the worst thing that could happen, it does involve negative consequences, both for our health and our wallets.

I’ve been wanting to do this blog for a while, but I could never figure out how to start it. It’s easy enough to come up with stuff to write, but writing about it can be hard. I decided to write about this now because it’s an interesting topic that many people don’t know about.

Domestic accounting Average payment period

13. May 2020
Accounting Adam Hill

Creditor turnover rate is an indicator that measures the speed at which a company pays its suppliers. If the turnover rate decreases from period to period, this indicates that the company is paying its suppliers more slowly and may be an indicator of deteriorating financial health. A change in turnover rate may also indicate a change in payment terms with suppliers, although this rarely has more than a negligible effect on the ratio. If a company pays its suppliers very quickly, this may mean that the suppliers require fast payment terms or that the company uses early payment discounts.

An increase in the debt turnover ratio may therefore indicate that the company is managing its debt and cash flow effectively. Investors can use debt turnover rates to determine whether a company has sufficient cash or earnings to meet its short-term obligations. Lenders can use this ratio to assess whether to extend a line of credit to a business.

A high figure may be due to suppliers demanding prompt payment, but it may also indicate that the company is looking for cash discounts or actively working to improve its creditworthiness. Assume that entity A purchases raw materials, supplies and services on credit from its suppliers to manufacture products.

What are the overdue days – OPD?

This means that the company can use its supplier’s funds and retain cash for 30 days. This money can be used for other transactions or emergencies during the 30-day payment period.

Since the debt-to-equity ratio indicates how fast the company pays its bills to its suppliers, it is used by suppliers and creditors to decide whether to grant credit to the company. As with most liquidity ratios, a higher ratio is almost always more favourable than a lower ratio. The debt turnover ratio is used to quantify the speed at which a company pays its bills to its suppliers. Trade payables are amounts of money owed to third parties and other companies for goods and services supplied.

An unreasonably high inventory turnover may also be caused by the fact that the key figure includes payments to vendors on delivery, since these payments are not made on a zero day basis. The debt turnover rate gives creditors an indication of the short-term liquidity and, to that extent, the solvency of the company. A high percentage indicates timely payment to vendors for purchases made on credit.

Conversely, a lower debt turnover rate usually means that the company is slow to pay its suppliers. This ratio is calculated on a quarterly or annual basis and shows how the company manages cash outflows.

What are credit days?

Trade payables are liabilities because they are money owed to creditors and are included in current liabilities in the balance sheet. Current liabilities are the company’s short-term liabilities, usually less than 90 days. Accounts receivable turnover rate indicates how quickly a company receives money from its customers, while accounts payable turnover rate indicates how quickly a company pays its suppliers. The credit day formula measures the number of days it takes a business to pay its suppliers. If the number of days increases from period to period, this indicates that the company is paying its suppliers more slowly and may be an indicator of a deteriorating financial situation.

The debt turnover ratio is a liquidity ratio that indicates how often an entity can pay its creditors in a given period. This ratio is a measure of short-term liquidity, as a higher turnover rate of trade debt is more favorable.

  • In addition to the actual amount to be paid, the timing of payments – from the receipt of the invoice to the actual debiting of the company account – becomes an important aspect of the business.
  • Typically, a business purchases inventory, utilities and other necessary services on credit.

The DPO takes the average of all debts at a given time and compares it to the average number of days they are due. Trade payables turnover rate is a liquidity measure that indicates the ability of an entity to repay trade payables by comparing net purchases on credit with the average trade payables during the period. In other words: The turnover rate of trade debt indicates how often a company can repay its average debt in a year. The debt turnover ratio tells investors how often a company pays its debts in a given period. In other words: This indicator measures the rate at which a company pays its suppliers.

When the inventory turnover rate increases, the company pays invoices to suppliers faster than in previous periods. An increase in the ratio means that the company has sufficient cash to repay its short-term debts on time.

This ratio indicates how often a company pays its average trade debts over a given period (usually a year). The turnover rate of trade payables measures the number of times a company pays its vendors in a given accounting period.

Typically, a business purchases inventory, utilities and other necessary services on credit. This results in trade payables (TP), an important accounting item that represents the company’s obligation to repay short-term debts to creditors or suppliers. In addition to the actual amount to be paid, the timing of payments – from the receipt of the invoice to the actual debiting of the company account – becomes an important aspect of the business. The DPO attempts to measure this average time cycle for outgoing payments and is calculated using standard accounting parameters over a given period.

DefinitionAverage payment period (APR) is defined as the number of days it takes a business to pay for its purchases on credit. When the average payment term increases, the cash flow should also increase, but the working capital remains unchanged. Most companies try to shorten the average payment period to satisfy their large suppliers and possibly benefit from trade discounts.

They are generally due and payable within 30 to 60 days of the invoice date, and if paid on time, there is usually no interest on the balance. Examples of trade payables are accounting services, legal services, consumables and utilities. Trade payables are generally classified as current liabilities in the balance sheet. Payment requirements generally vary from supplier to supplier depending on their size and financial capabilities. A high rate means that relatively little time elapses between the purchase of goods and services and their payment.

Trade payables are included in current liabilities in the balance sheet. Divide the total annual purchases by the average total liability balance to get the debt-to-asset ratio. Then divide the sales ratio by 365 days to find the average number of days it takes the company to pay its bills. As these debts decline over time, the company loses a valuable source of liquidity.

Sometimes companies measure liability sales using only the cost of goods sold as the numerator. This is incorrect because there may be a large amount of administrative costs that should also be included in the numerator. If a company uses only the cost of goods sold in the numerator, the inventory turnover rate will be too high.

Possible solutions include ensuring that accounting staff do not pay invoices too early and that payment terms agreed with suppliers are not too short. The debt turnover ratio is an accounting measure of liquidity that indicates how quickly a company pays its creditors (suppliers).

The turnover rate of liabilities (or turnover days) is an important assumption for balance sheet projections. As you can see in the example below, the credit balance is determined by assuming that it takes an average of about 30 days to pay cost of goods sold (COGS). Therefore, the operating expenses for each period are multiplied by 30 and divided by the number of days in the period to obtain the balance of accounts payable. Trade payables are current liabilities relating to the purchase of goods and services by the entity.

To calculate OPD

Trade payables are generally short-term debts and appear on a company’s balance sheet. Creditors are typically 30 to 60 days past due, and companies generally do not charge interest on the balance if it is paid on time.

Trade payables are short-term receivables of a company from its suppliers and creditors. The debt turnover ratio indicates how efficiently the company pays its suppliers and short-term debts. The debt turnover ratio is a measure of short-term liquidity, indicating how quickly a company pays its bills to its suppliers. The turnover rate of trade payables indicates how often the entity repays its trade payables during the period.

What does high trade debt mean?

Sales days are an accounting concept that relates to accounts payable. That’s how long it takes to pay all the outstanding bills. This term is useful in determining how well the company manages its current account debt.If you’ve ever tried to lease a car, you know that making payments on a car lease can seem complicated. The average payment period on a lease is 36 months, but there are different options. Some leases are for a single year, while others are for two years. Still others are for three years, and some are for longer periods.. Read more about average payment period advantages and disadvantages and let us know what you think.{“@context”:”https://schema.org”,”@type”:”FAQPage”,”mainEntity”:[{“@type”:”Question”,”name”:”Is a high average payment period Good?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:” A high average payment period is good because it means that the borrower will not have to make a large payment at one time.”}},{“@type”:”Question”,”name”:”What do you mean by average period?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:” The average period is the number of days in a woman’s menstrual cycle.”}},{“@type”:”Question”,”name”:”How do you calculate average days paid?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:” The average days paid is calculated by dividing the total number of days worked by the total number of pay periods.”}}]}

Frequently Asked Questions

Is a high average payment period Good?

A high average payment period is good because it means that the borrower will not have to make a large payment at one time.

What do you mean by average period?

The average period is the number of days in a woman’s menstrual cycle.

How do you calculate average days paid?

The average days paid is calculated by dividing the total number of days worked by the total number of pay periods.

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Enchanted Woods and Forest Slots: Exploring the Mystical Realm of Nature




In the realm of online casino gaming, a genre taps into the enchanting allure of nature and woodland mysteries: Forest Slots and Enchanted Woods Slots. These slots transport players into the heart of lush forests, where mythical creatures, ancient trees, and hidden treasures await discovery – play it here.

In this article, we will delve into the captivating world of Forest Slots and Enchanted Woods Slots, exploring their captivating features, woodland themes, and their magical gaming experience.

Immersed in the Wonder of Nature with Forest Slots

Forest Slots and Enchanted Woods Slots represent a captivating subgenre within online slot games, drawing inspiration from forests’ lush beauty and mystical aura. They offer a fusion of natural aesthetics, woodland creatures, and the potential for substantial real-money rewards. These slots appeal to fans of nature and wildlife and players seeking an escape into a world of tranquility and enchantment.

Key Features of Forest Slots and Enchanted Woods Slots

Lush Woodland Aesthetics

The standout feature of Forest Slots and Enchanted Woods Slots is their ability to recreate the serene and mystical ambiance of the forest. These games often boast towering trees, moss-covered stones, and enchanting glades—the graphics and animations transport players to a world of natural wonders, creating an immersive gaming experience.

Iconic Forest Symbols

Forest Slots and Enchanted Woods Slots feature symbols emblematic of the woodland realm. Players can expect to encounter woodland creatures like deer and owls, ancient trees, magical toadstools, and the elusive fairies and sprites that inhabit these enchanted woods. These symbols add to the game’s visual allure and play a critical role in determining winning combinations and triggering bonus features.

Woodland Creatures and Mystical Beings

To enhance the forest experience, these slots often incorporate encounters with mythical creatures and mystical woodland beings. Players may interact with fairies, elves, unicorns, and other fantastical inhabitants of the enchanted woods. These interactions add an extra layer of enchantment and engagement to the gameplay, providing players with a sense of wonder and magic.


Forest Magic Bonus Rounds

In Forest Slots and Enchanted Woods Slots, players often engage in bonus rounds that tap into the mystical energies of the forest. These may involve participating in magical ceremonies, uncovering hidden pathways, or seeking the blessings of ancient forest guardians. These bonus rounds immerse players in the enchanting world of the forest, intensifying the gaming experience.

Themes in Forest Slots and Enchanted Woods Slots

These slots come in a variety of themes, each offering a different woodland adventure:

Fairy Glades

These slots focus on the magical realms inhabited by fairies and sprites, where players can explore glades, seek hidden treasures, and receive the blessings of forest spirits.

Mystical Creatures

In these games, players encounter mythical creatures like unicorns, centaurs, and magical creatures as they explore the forest’s depths in search of hidden wonders.

Ancient Trees and Guardians

These slots revolve around the wisdom and magic of ancient trees, where players seek out the guidance and blessings of these wise woodland sentinels.

Woodland Treasures

In these games, players embark on quests to discover hidden treasures and uncover the riches that lie within the heart of the enchanted woods.

Winning Real Money in Forest Slots and Enchanted Woods Slots

While the immersive themes and woodland aesthetics are the main attractions, players can also win real money while enjoying Forest Slots and Enchanted Woods Slots. These games offer various opportunities to form winning combinations, trigger bonus rounds, and accumulate substantial payouts, much like traditional slots.



Forest Slots and Enchanted Woods Slots offer a uniquely immersive experience within online casino gaming. Whether you’re a fan of magical glades, encounters with mystical creatures, seeking the wisdom of ancient trees, or embarking on quests for woodland treasures, there’s a Forest Slot or Enchanted Woods Slot that can transport you to the heart of nature’s mysteries. With enchanting visuals, iconic woodland symbols, and engaging gameplay, these slots provide a truly unforgettable gaming experience. So, step into the enchanted woods and let the magic of nature guide you on a journey of wonder and discovery!

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Acquiring Sweeps Coins in Sweeptastic for 2023





Sweeptastic is a newly launched sweepstakes casino that is currently in the early stages of establishing itself in the industry. Although there are areas, such as its game library and user interface, that are still undergoing refinement, the casino shows potential, particularly with its attractive welcome offer and continuous promotions. Despite a somewhat limited range of games, Sweptastic offers a decent entry point for players looking to explore the world of sweepstakes casinos.

Legitimacy of Sweeptastic Casino

Assessing the legitimacy of an online gaming site involves subjective judgment, but there are signs and factors that can help determine the intention behind a platform.

One important consideration is the transparency of the owner company, and in the case of Sweeptastic, this information is readily available on the casino’s site – Heuston Gaming Limited with registration number 104624.

Additionally, Sweeptastic has taken steps to enhance transparency and player safety. They provide a page displaying the Return to Player (RTP) of all available games and have a Responsible Gaming page that discusses how players can have the best gaming experience while maintaining control over their habits.

With these measures, including comprehensive information and tools for self-control, Sweeptastic demonstrates a commitment to ensuring the safety and well-being of its players.


Sweptastic has a straightforward system with two virtual currencies: Gold Coins and Sweepstakes Coins, also known as Lucky Coins.

Lucky Coins (Gold Coins)

In Sweptastic, Gold Coins go by the name Lucky Coins. These coins are exclusively for playing games for fun and hold no real-world value. While the casino generously provides them for free, you also have the option to purchase additional Lucky Coins. They serve as a useful tool for exploring games before committing your valuable Sweepstakes Coins.

Sweepstakes Coins

Critical to the sweepstakes casino experience, Sweepstakes Coins are the virtual currency that transforms your in-game winnings into real money. Sweptastic retains the original name, emphasizing that winnings in Sweepstakes Coins can be redeemed for actual cash. Notably, these coins cannot be bought; however, Sweeptastic offers them abundantly through various promotions or as a bonus when you purchase Lucky Coins.

Promotional Offers at Sweeptastic

Promotions at Sweeptastic are designed to set high standards, offering players ample opportunities to enjoy their favorite games and potentially win real money rewards without the need for any purchases. Let’s delve into the details of each promotional offer:

Signup Bonus

Sweeptastic stands out by providing one of the most generous free welcome bonuses in the sweepstakes casino realm – a whopping 27,777 Gold Coins + 10 Sweepstakes Coins.


At the same time, the full offer requires account verification; merely registering grants you an initial reward of 10,000 Lucky Coins (Gold Coins).

Daily Login

Acknowledging active members, Sweeptastic adopts the common practice of a Daily Login Bonus but distinguishes itself with a substantial amount of freebies. Simply log in each day, and the casino automatically boosts your balance with 1,000 Lucky Coins.

Happy Hours

For early birds, Sweeptastic introduces Happy Hours, generously gifting 3,000 Lucky Coins every morning between 7 am and 10 am. This bonus is seamlessly added to your account upon login, requiring no additional steps or claims.

First Purchase Offer

While Sweeptastic lavishes players with substantial free coins, the extensive gaming catalog may lead to their quick depletion. In anticipation of this, the social casino presents two exclusive offers for your initial coin purchase:

  • $17.49 pack – 25,000 LC + 25 SC (30% off)
  • $29.49 pack – 45,000 LC + 45 SC (35% off)

Purchase Methods

Now that you’re acquainted with Sweeptastic’s virtual coins let’s explore the options available if you decide to make a purchase on this casino-style gaming platform. Sweeptastic offers six predefined Lucky Coin bundles, each accompanied by complimentary Sweepstakes Coins. You can make purchases using widely accepted bank cards like Visa, Mastercard, and American Express, among others. Additionally, popular online payment providers are supported, ensuring a seamless transaction experience based on our testing.

Redeeming Prizes

For many players, the most exciting aspect is whether Sweptastic truly pays out real cash prizes. The answer is a resounding yes, and the redemption process is notably faster compared to other sweepstakes casinos. You have various redemption options, including bank transfers, gift cards, and even merchandise if you prefer tangible rewards.


It’s crucial to note that to complete the redemption process; you must verify your account through KYC (providing documents for identity, address, phone, and bank account verification), wager the Sweepstakes Coins at least once (as they are received as a bonus), and have a Sweepstakes Coins balance equivalent to at least $100.


Since its inception, Sweeptastic has set the standard for how things should be done in the sweepstakes casino world. Whether it’s bonuses, games, or player care, this social casino brand truly stands out.

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Enhancing User Engagement And App Discovery: The Impact of User-Friendly Interfaces in App Catalogs




Mobile applications have become an integral part of our daily lives. From social networking to productivity tools, there is an app for everything. With millions of apps available across various platforms, app catalogs are crucial in helping users discover new applications. However, the success of these catalogs greatly depends on user experience, particularly the user-friendliness of their interfaces.

The Significance of User-Friendly Interfaces

User-friendly interfaces are essential elements of app catalogs as they directly influence how users interact with and explore the available apps. A well-designed and intuitive interface can significantly enhance the overall user experience. Here are some key factors that highlight the significance of user-friendly interfaces:

1.1 Navigational Ease

One of the primary benefits of a user-friendly interface is navigational ease. When users can easily browse through app categories, search for specific apps, and access relevant information, they are more likely to engage with the catalog for longer periods.

1.2 Visual Appeal

The visual appeal of an app catalog matters. An attractive and well-organized layout can captivate users and encourage them to explore further. A cluttered or confusing interface, on the other hand, can deter users from using the catalog.

1.3 User Feedback

User-friendly interfaces often include features for user feedback, such as ratings and reviews. This feedback helps users make informed decisions about which apps to download, enhancing their overall experience.

Comprehensive App Collection

APPiX360’s extensive app collection caters to a wide array of interests and needs. The platform regularly updates its offerings with the latest and most popular apps, ensuring users have access to the newest trends and tools. The importance of user reviews and ratings in aiding informed decisions is a testament to the platform’s user-centric approach. The platform’s commitment to ensuring safe downloads is exemplified through its stringent vetting process, which can be illustrated through the safe downloading of the Pin-up app.

Impact on User Engagement

User engagement is a crucial metric for app catalogs. It measures how actively users interact with the catalog, and user-friendly interfaces can have a profound impact on engagement levels:

2.1 Longer Time Spent

A user-friendly interface encourages users to explore more apps, leading to longer sessions within the catalog. When users find it easy to navigate, they are likely to spend more time searching for new apps and discovering content.

2.2 Higher Retention Rates

Apps with user-friendly interfaces tend to have higher retention rates. Users are more likely to return to the catalog regularly if they had a positive experience during their previous visits. This consistent engagement benefits both users and app developers.

2.3 Increased App Downloads

Improved user engagement often leads to an increase in app downloads. When users feel comfortable and confident while using the catalog, they are more likely to take the next step and download apps that pique their interest.


Impact on App Discovery

App discovery is a critical aspect of app catalogs, as it directly affects an app’s success. User-friendly interfaces play a significant role in enhancing the app discovery process:

3.1 Effective Search and Filtering

User-friendly catalogs offer efficient search and filtering options. Users can easily narrow down their choices based on categories, keywords, or ratings. This simplifies the app discovery process and helps users find relevant apps more quickly.

3.2 Personalized Recommendations

Many app catalogs use user data to provide personalized app recommendations. A user-friendly interface makes it easier for catalogs to collect and analyze user preferences, leading to more accurate and appealing app suggestions.

3.3 Social Integration

User-friendly interfaces often incorporate social features, such as sharing and following. These features enable users to discover apps recommended by their friends or influencers, fostering a sense of community within the catalog.


The Pin-Up App Download Experience

As we explore the impact of user-friendly interfaces, let’s take a closer look at the Pin-Up app download experience as an example. Pin-Up is an online casino and sports betting platform that offers a mobile app for users to enjoy their favorite games and place bets conveniently.

4.1 Navigational Simplicity

The Pin-Up app catalog boasts a user-friendly interface that simplifies the navigation process. Users can easily access different sections of the app, such as casino games, sports betting, and promotions, through a well-organized menu.

4.2 Visual Appeal

The catalog’s visual design is visually appealing, featuring vibrant colors and clear graphics. This visually engaging interface captures users’ attention and encourages them to explore the app further.

4.3 User Feedback

Pin-Up’s user-friendly interface incorporates user feedback in the form of reviews and ratings for games and sports events. This feedback helps users make informed decisions about what to play or bet on, enhancing their overall experience.


In conclusion, user-friendly interfaces are instrumental in shaping the success of app catalogs by positively impacting user engagement and app discovery. Navigational ease, visual appeal, and user feedback are key elements that contribute to a user-friendly experience. As demonstrated by the Pin-Up app download experience, a well-designed interface can enhance the overall user journey, leading to higher user engagement, increased app downloads, and improved app discovery. App catalogs that prioritize user-friendliness are more likely to thrive in the competitive digital landscape, benefiting both users and developers alike.

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