Cash conversion cycle = operating cycle – average days payables outstanding. If the cash conversion cycle has decreased, the company's average days of payables must have increased; this could mean that the company is relying more heavily on credit from its suppliers. This could mean that the payables have increased and ultimately leading to lower payables turnover ratio (purchases/average payable).
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|status||not read|| ||reprioritisations|
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|started reading on|| ||finished reading on|