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Accounts receivable are monies owed to your business for goods or services delivered to a customer, but not yet paid for. Successful businesses collect money that is owed to them in a timely and efficient manner. Having too much money tied up in receivables means you're not collecting the cash to pay for the goods or services you've provided. Not extending credit may impact sales. The Receivables Turnover Ratio measures a business' effectiveness in extending credit and collecting debt. The higher the ratio, the more effective the business is in dealing with its receivables. The accounts receivable to sales ratio looks at the amount you have tied up in receivables in comparison to your same period sales. The Average Collection Period shows how long, on average, it takes for you to collect your debts.

Disclaimer: The accuracy of these calculators and applicability to your circumstances is not guaranteed. Calculators are not a guarantee of credit. Results should be discussed with a qualified professional before any product purchases or loan commitments are made.

South Dakota Business Lenders

McKay Dayton
McKay Dayton
Senior Business Lender
Rapid City
605.858.6195
Marie Darling
Marie Darling
Business Lender
Rapid City
605.858.6054
Curtis Tyler
Curtis Tyler
Business Lender
Rapid City
605.858.6348
Sydney Schieffer
Sydney Schieffer
Business Lender
Spearfish
605.858.6282
Danette Eckholm
Danette Eckholm
Business Lender
Rapid City
605.858.6119