The Average Creditors Days metric is a measure of how long it takes a business to pay its suppliers. It is calculated by dividing accounts payables by the average daily cost of goods sold and is a key indicator of a company's cash flow management and supplier relationships.
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Used to show a simple Metric or to draw attention to one key number.
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To track Average Creditors Days using Databox, follow these steps:
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Total Income is the sum of all revenue earned by a business during a defined period of time, including sales, services, and other sources of income.
The Purchase Orders by Contact metric in Xero measures the total number and value of purchase orders associated with each contact (e.g. vendor, supplier) in the system.
The Closing Balance by Bank Account metric in Xero shows the total balance remaining in each of your linked bank accounts as of the end of the selected accounting period.
Total Assets represents the total value of an organization's resources, including cash, accounts receivable, inventory, property, and equipment.
Overdue Payments Amount refers to the total outstanding payments owed to your business from customers that are past their due date, as tracked in Xero, providing visibility into your current cash flow situation.
The Expenses metric in Xero tracks the money spent by a business on various costs such as office supplies, rent, utilities, and employee salaries. It helps in analyzing the company's financial health by providing insights into where the money is being spent and how it can be optimized.
Revenue by Code is a financial metric that analyzes a company's revenue streams by code (chart of accounts) to better understand which products or services generate the most revenue and enable informed decisions about pricing, marketing, and resource allocation.
The Quotes Invoiced Value metric measures the total amount of invoiced revenue generated from quotes created in Xero.