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social science subjects > health and social care > health care management > accounting and activity-based costing > average collection periods
social science subjects > business and management > finance > average collection periods

Preferred term

average collection periods  

Definition

  • The average collection period (ACP) is the average amount of time that it takes a business to collect its accounts receivable. It is easily calculated from the balance sheet (rather than the more tedious approach of making a list of the amount of time that each individual customer takes to pay and then averaging). [Source: Encyclopedia of Health Care Management; Average Collection Period (ACP)]

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https://concepts.sagepub.com/social-science/concept/average_collection_periods

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