Houjichasan

Sure!

days of payables = (accounts payable / purchases) * number of days

days sales in accounts payable = (accounts payable / COGS) * number of days

Houjichasan

Yes, I remember that "purchases" formula too. Different names of these ratios confused me however.

I could not find the ratio "Days sales in A/P" through quick googling. Instead I found several Days of payables definitions which used both purchases and cogs interchangeably.

So now I beleive that we should not distinguish between these measures.