7e8fc794_ow_Improve_Manage_Plan_Control__Interpretation
[Ratio] Payables Ratio (in days) [Formulae] Creditors * 365/ Cost of Sales (or Purchases) [Result] = x days [Interpretation] 
On average, you pay your suppliers every x days. If you negotiate better credit terms this will increase. If you pay earlier, say, to get a discount this will decline. If you simply defer paying your suppliers (without agreement) this will also increase - but your reputation, the quality of service and any flexibility provided by your suppliers may suffer.
Working Capital Cash Flow Inventory Receivables Payables Ratios Cashflow Improve Manage Plan Control
Interpretation