Debtor Days definition
Debtor Days. The Parent shall ensure that on each Quarter Date, the Debtor Days shall not exceed 82.
Debtor Days means, with respect to any Quarter Date, the aggregate of all outstanding receivables (excluding VAT) (net of any provisions) on such Quarter Date divided by Average Daily Sales.
Debtor Days means an average number of days in the previous Contract Year from the time the Distributor sold and transferred ownership of the Material to it’s customers until the Distributor received payment from such customers.
More Definitions of Debtor Days
Debtor Days. The means the debtor days ratio measures how quickly cash is being collected from debtors. Debtor days can also be referred to as Debtor collection period.;
Debtor Days means the result of calculating the following as at the end of each calendar month: A × C where:
Debtor Days means the result of calculating the following as at the end of each calendar month: A × C B where: A means the average of the end of the month sales ledger balances for the most recent three consecutive months for the Customer in respect of all Debtors domiciled in a Permitted Country (on an aggregated basis); B means the aggregate of cleared collections received by Barclays from all Debtors domiciled in a Permitted Country (on an aggregated basis) for the three-month period used to calculate A; and C means the number of days in the three-month period used to calculate A. Barclays shall be entitled to reduce the Early Payment Percentage by 1% for each day by which Debtor Days exceeds 280 days.