Accounts payable turnover is a measure of how quickly a company pays its suppliers for the goods and services it buys on credit. It shows how many times a company clears its accounts payable balance in a given period. A higher ratio means the company pays its suppliers faster, which can indicate good cash flow and creditworthiness. A lower ratio means the company takes longer to pay its suppliers, which can indicate cash flow problems or favorable credit terms. The formula for accounts payable turnover is: Where: - Total supply purchases = Ending inventory (BS009, bs_inventories) + Cost of goods sold (TM013, ttm_cogs) - Beginning inventory (BS009, bs_inventories) - Average accounts payable = (Beginning accounts payable + Ending accounts payable) / 2, where Accounts Payable (BS038, bs_acct_payable)