Collection ratio

Collection ratio

The ratio of a company's accounts receivable to its average daily sales, which gives the average number of days it takes the company to convert receivables into cash.

Days' Sales Outstanding

In accounting, a company's average collection period. Usually calculated monthly, it indexes the relationship between outstanding accounts receivable and total sales over a given period and is a common tool in measuring liquidity. Tracking trends in days' sales outstanding can also indicate the level of credit risk a company is willing to extend at different points of time. It is also called the collection ratio.
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A desired outcome is to reduce City operating costs and recover lost revenues, using a continuous improvement process that ensures the accuracy and completeness of all processes and ever increasing collection ratio.
Medicalbillersandcoders billing experts have lately been swamped with escalating demand from podiatry specialists to help counter denials from payers and increase their collection ratio.
Earlier, speaking at the conference, the federal minister said the tax collection ratio has increased by 21 percent as Rs.
The Federal Minister for Finance, Dr Hafeez Shaikh said the tax collection ratio has increased by 21 percent as Rs.
Citing low taxation, low revenue collection ratio and the imposition of 63 percent indirect taxes in the GDP, the CPDI executive director termed the government's efforts insufficient, as it had burdened the poor masses more than the privileged and powerful segments of society.
But when calculating collection ratios, keep in mind that the gross collection ratio is easy to figure out but is influenced by the fee discount contracted with payers, and so it is not a pure measure of collections performance.
The financial services department fixed this by scrapping that measure and implementing two new measures, overdues (dollar target) and collection ratio (dollars collected/total dollars due).
The Company's revenue recognition method for the corresponding third fiscal quarter of prior year ended May 31, 2007 was based on the trailing twelve months average collection ratio.
He further informed the journalists that tax collection ratio has been increased by 11 percent during the four months of the current financial year and realized Rs.
He said that as per the factual position, due to lower transfer of funds to Punjab government during the fiscal year 2011-12, the tax collection ratio was less against
Citing low taxation, revenue collection ratio and 63 percent indirect taxes in the GDP, he termed the Governments efforts insufficient, as it would increase burden on the poor while the privileged and powerful segments of economy remained exempted from the tax net.

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