现金循环周期=存货转换期间+应收账款转换期间－应付账款递延期间=生产经营周期－应付账款平均付款期 cash conversion cycle= operating cycle- accounts payable deferral period operating cycle= inventory conversion cycle+ average collection period 其中，平均应付账款期=365/ (销售成本/应付账款) accounts payable deferral period= 365/ (cost of goods sold/ accounts payable)

现金循环周期=存货转换期间+应收账款转换期间－应付账款递延期间=生产经营周期－应付账款平均付款期cashconversioncycle=operatingcycle-accountspayabledeferralperiodoperatingcycle=inventoryconversioncycle+averagecollectionperiod其中，平均应付账款期=365/(销售成本/应付账款)accountspayabledeferralperiod=365/(costofgoodssold/accountspayable)