{"id":76142,"date":"2026-05-01T13:45:52","date_gmt":"2026-05-01T11:45:52","guid":{"rendered":"https:\/\/www.sage.com\/en-za\/blog\/?p=76142"},"modified":"2026-05-01T16:38:57","modified_gmt":"2026-05-01T14:38:57","slug":"accounts-payable-turnover-ratio","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-za\/blog\/accounts-payable-turnover-ratio\/","title":{"rendered":"Accounts payable turnover ratio: What it is, formula, and examples"},"content":{"rendered":"<header class=\"entry-header has-dark-background-color entry-header--standard entry-header--has-illustration entry-header--has-illustration--standard\">\n\t<div class=\"container\">\n\t\t<div class=\"entry-header__row row align-center\">\n\t\t\t<div class=\"col col-lg-7 col-xlg-6 entry-header__content\">\n\t\t\t\t\t\t\t<div class=\"component component-single-header\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"entry-header__misc text--subtitle text--uppercase text--small\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-za\/blog\/category\/money-matters\/\" class=\"entry-header__link\">Money Matters<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t<div class=\"entry-title-wrapper\">\n\t\t\t\t\t<h1 class=\"entry-title\">\n\t\t\t\t\t\tAccounts payable turnover ratio: What it is, formula, and examples\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t<p class=\"entry-header__description\">\n\t\t\t\t\t\tManage your accounts payable turnover ratio with confidence. Understanding this formula can help improve cash flow and your company&#8217;s financial performance. \t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t<div class=\"single-post-details container\">\n\t\t<div class=\"col\">\n\t\t\t<span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-05-01T13:45:52+02:00\">May 1, 2026<\/time><\/span><span class=\"reading-time\"> min read<\/span>\n\t\t<button\n\t\t\ttype=\"button\"\n\t\t\tclass=\"social-share-button button button--icon button--secondary js-social-share-button\"\n\t\t\tdata-share-title=\"Accounts payable turnover ratio: What it is, formula, and examples\"\n\t\t\tdata-share-url=\"https:\/\/www.sage.com\/en-za\/blog\/accounts-payable-turnover-ratio\/\"\n\t\t\tdata-share-text=\"Please read this interesting article\"\n\t\t>\n\t\t\t<span class=\"social-share-button__share-label\">Share<\/span>\n\t\t\t<span class=\"social-share-button__copy-label\" hidden>Copy Link<\/span>\n\t\t\t<span class=\"social-share-button__copy-tooltip\" aria-hidden=\"true\" hidden>Copied<\/span>\n\t\t<\/button>\n\n\t\t\t\t<\/div>\n\t<\/div>\n<\/header>\n\n\n\n<div class=\"wp-block-post-author has-dark-background-color alignfull\">\n\t<div class=\"container\">\n\t\t<div class=\"col\">\n\t\t\t\t\t\t\t<div class=\"co-authors\">\n\t\t\t\t\t\n\t\t<div class=\"entry-author-wrapper\">\n\t\t\t<a class=\"entry-author\" href=\"https:\/\/www.sage.com\/en-za\/blog\/author\/yassirmalik\/\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"40\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2024\/03\/Yassir-Malik.jpg\" class=\"entry-author__image\" alt=\"yassir-malik-profile-picture\" \/>\t\t\t\t<span class=\"entry-author__name\">Yassir Malik<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<p>Are you a business accountant responsible for managing your accounts payable turnover ratio?<\/p>\n\n\n\n<p>Understanding this formula helps you enhance your company&#8217;s financial performance.<\/p>\n\n\n\n<p>Keeping track of how and when your business pays its suppliers is essential for managing cash flow.<\/p>\n\n\n\n<p>One key metric that helps your team assess payment efficiency is the accounts payable turnover ratio, which measures how often your company settles its supplier invoices over a given period.<\/p>\n\n\n\n<p>This guide covers what the accounts payable turnover ratio is, how to calculate it, and how to use it to strengthen financial management.<\/p>\n\n\n\n<p><a><\/a><strong>Here&#8217;s what we&#8217;ll cover:<\/strong><strong><\/strong><\/p>\n\n\n<?xml encoding=\"utf-8\" ?><div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><ul><li><a href=\"#h-key-takeaways\" data-level=\"2\">Key takeaways<\/a><\/li><li><a href=\"#h-what-is-accounts-payable-ap-turnover-ratio\" data-level=\"2\">What is accounts payable (AP) turnover ratio?<\/a><\/li><li><a href=\"#h-how-to-calculate-accounts-payable-turnover-ratio\" data-level=\"2\">How to calculate accounts payable turnover ratio<\/a><\/li><li><a href=\"#h-ap-turnover-ratio-example\" data-level=\"2\">AP turnover ratio example<\/a><\/li><li><a href=\"#h-analysing-your-accounts-payable-ratio\" data-level=\"2\">Analysing your accounts payable ratio<\/a><\/li><li><a href=\"#h-how-ap-turnover-ratio-benchmarking-supports-decision-making\" data-level=\"2\">How AP turnover ratio benchmarking supports decision-making<\/a><\/li><li><a href=\"#h-how-can-you-transform-ap-turnover-ratio-to-days-payable-outstanding-dpo\" data-level=\"2\">How can you transform AP turnover ratio to days payable outstanding (DPO)<\/a><\/li><li><a href=\"#h-importance-of-accounts-payable-turnover-ratio\" data-level=\"2\">Importance of accounts payable turnover ratio<\/a><\/li><li><a href=\"#h-how-to-track-your-accounts-payable-turnover-ratio\" data-level=\"2\">How to track your accounts payable turnover ratio<\/a><\/li><li><a href=\"#h-tips-to-improve-accounts-payable-turnover-ratio\" data-level=\"2\">Tips to improve accounts payable turnover ratio<\/a><\/li><li><a href=\"#h-optimise-your-ap-turnover-ratio-with-accounts-payable-automation-software\" data-level=\"2\">Optimise your AP turnover ratio with accounts payable automation software<\/a><\/li><li><a href=\"#h-faqs\" data-level=\"2\">FAQs<\/a><\/li><\/ul><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<section class=\"wp-block-sage-container is-constrained\"><div class=\"sage-container__inner\">\n<h2 class=\"wp-block-heading\" id=\"h-key-takeaways\">Key takeaways<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>The accounts payable (AP) turnover ratio shows how often your business pays its suppliers over a set period<\/strong> and is a useful indicator of payment efficiency and short\u2011term financial health.<\/li>\n\n\n\n<li><strong>You calculate the AP turnover ratio <\/strong>by dividing total cost of goods sold (or total purchases) by average accounts payable, helping finance teams assess how well supplier payments are managed.<\/li>\n\n\n\n<li><strong>A higher AP turnover ratio means suppliers are paid more frequently, <\/strong>which can strengthen relationships but may reduce available cash, while a lower ratio can improve cash flow but risks supplier strain. <\/li>\n\n\n\n<li><strong>Converting the AP turnover ratio into days payable outstanding (DPO) gives clearer insight <\/strong>into how long invoices take to settle, supporting better cash flow planning and decision\u2011making.<\/li>\n<\/ul>\n<\/div><\/section>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-accounts-payable-ap-turnover-ratio\"><a><\/a><strong>What is accounts payable (AP) turnover ratio?<\/strong><\/h2>\n\n\n\n<p>The accounts payable turnover ratio shows how often your company pays its suppliers over a specific period.<\/p>\n\n\n\n<p>It&#8217;s a key indicator of how well your team manages short-term obligations and vendor relationships.<\/p>\n\n\n\n<p>A higher AP turnover ratio means suppliers are paid quickly, which can signal strong liquidity but might also mean missed opportunities to optimise cash flow.<\/p>\n\n\n\n<p>A lower ratio indicates slower payments, which can help with cash flow but may put strain on supplier relationships.<\/p>\n\n\n\n<p>Tracking this ratio ensures your team maintains financial stability whilst balancing cash flow and vendor trust.<\/p>\n\n\n\n<div class=\"single-cta gated-content\">\n\t<div class=\"single-cta__positioner\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Budget Speech: 2026\/2027<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p><!-- wp:paragraph --><\/p>\n<p>Explore the key tax, payroll and employment changes from the 2026\/27 Budget<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-a2a54612-83e6-4a6c-b6a6-d71baac631c1\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Download now<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1064\" height=\"810\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-41-1064x810.jpg\" class=\"single-cta__image\" alt=\"Smiling businessman using tablet\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-41-1064x810.jpg 1064w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-calculate-accounts-payable-turnover-ratio\"><a><\/a><strong>How to calculate accounts payable turnover ratio<\/strong><\/h2>\n\n\n\n<p>To calculate the accounts payable turnover ratio, you&#8217;ll need two key figures:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-total-cost-of-goods-sold-cogs-or-total-purchases\"><a><\/a><strong>Total cost of goods sold (COGS) or total purchases<\/strong><\/h3>\n\n\n\n<p>This represents how much a company has spent on goods and services during a period.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-average-accounts-payable\"><a><\/a><strong>Average accounts payable<\/strong><\/h3>\n\n\n\n<p>This is the average of accounts payable at the beginning and end of the period.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-accounts-payable-turnover-ratio-formula\"><a><\/a><strong>Accounts payable turnover ratio formula<\/strong><\/h3>\n\n\n\n<p>Understanding the formula is the first step in using the accounts payable turnover ratio effectively.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-ap-turnover-formula\"><a><\/a><strong>AP turnover formula<\/strong><\/h3>\n\n\n\n<p><strong>AP Turnover Ratio = Total COGS or Total Purchases \/ Average Accounts Payable<\/strong><\/p>\n\n\n\n<p>To see this formula in action, here&#8217;s a real-world example.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-ap-turnover-ratio-example\"><a><\/a><strong>AP turnover ratio example<\/strong><\/h2>\n\n\n\n<p>Imagine you&#8217;re managing the accounting for a company that manufactures medical equipment.<\/p>\n\n\n\n<p>To keep operations running smoothly, you need to track how efficiently the company pays its suppliers.<\/p>\n\n\n\n<p>Here&#8217;s a snapshot of your financial data:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Cost of goods sold (COGS):<\/strong> R3,000,000<\/li>\n\n\n\n<li><strong>Beginning accounts payable:<\/strong> R300,000<\/li>\n\n\n\n<li><strong>Ending accounts payable:<\/strong> R360,000<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-step-1-calculate-average-accounts-payable\"><a><\/a><strong>Step 1: Calculate average accounts payable<\/strong><\/h3>\n\n\n\n<p>Since accounts payable fluctuates throughout the year, using the average accounts payable provides a more accurate picture.<\/p>\n\n\n\n<p>The formula is:<\/p>\n\n\n\n<p><strong>Average AP = (Beginning AP + Ending AP) \/ 2<\/strong><\/p>\n\n\n\n<p>Plugging in the numbers:<\/p>\n\n\n\n<p>Average AP = (100,000 + 120,000) \/ 2 = 110,000<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-step-2-apply-the-accounts-payable-turnover-formula\"><a><\/a><strong>Step 2: Apply the accounts payable turnover formula<\/strong><\/h3>\n\n\n\n<p>Now, use the AP turnover ratio formula:<\/p>\n\n\n\n<p>AP turnover ratio = 1,000,000 \/ 110,000 = 9.09<\/p>\n\n\n\n<p>An AP turnover ratio of 9.09 means the company pays its suppliers about 9 times per year.<\/p>\n\n\n\n<p>By tracking this ratio over time, your team can find the right balance\u2014ensuring suppliers are paid on time whilst keeping enough cash available for other business needs.<\/p>\n\n\n\n<div class=\"single-cta gated-content\">\n\t<div class=\"single-cta__positioner\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Budget Speech: 2026\/2027<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p><!-- wp:paragraph --><\/p>\n<p>Explore the key tax, payroll and employment changes from the 2026\/27 Budget<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-a2a54612-83e6-4a6c-b6a6-d71baac631c1\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Download now<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1064\" height=\"810\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-41-1064x810.jpg\" class=\"single-cta__image\" alt=\"Smiling businessman using tablet\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-41-1064x810.jpg 1064w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-analysing-your-accounts-payable-ratio\"><a><\/a><strong>Analysing your accounts payable ratio<\/strong><\/h2>\n\n\n\n<p>Once you&#8217;ve calculated your AP turnover ratio, the next step is understanding what the number means for your business.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-ap-turnover-ratio-and-invoice-payment-terms\"><a><\/a><strong>AP turnover ratio and invoice payment terms<\/strong><\/h3>\n\n\n\n<p>If your AP turnover ratio is high, it means you&#8217;re paying invoices quickly.<\/p>\n\n\n\n<p>This could be a sign of financial strength, but might also indicate that you&#8217;re missing opportunities to extend payment terms strategically.<\/p>\n\n\n\n<p>On the other hand, a low AP turnover ratio suggests your business takes longer to pay suppliers.<\/p>\n\n\n\n<p>Whilst this can help with cash flow, it&#8217;s essential to maintain positive supplier relationships to avoid disruptions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-ap-turnover-ratio-vs-accounts-receivable-ar-turnover-ratio\"><a><\/a><strong>AP turnover ratio vs. accounts receivable (AR) turnover ratio<\/strong><\/h3>\n\n\n\n<p>Your AP turnover ratio tells you how quickly you pay suppliers, whilst the <a href=\"https:\/\/www.sage.com\/en-za\/blog\/accounts-receivable-turnover-ratio-how-to-calculate-it\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>accounts receivable turnover ratio<\/strong><\/a> tells you how quickly customers pay you.<\/p>\n\n\n\n<p>If your AP turnover is much lower than your AR turnover, it might indicate a red flag.<\/p>\n\n\n\n<p>This means you&#8217;re collecting cash from customers quickly but delaying payments to your suppliers, which might suggest your business is holding onto cash to cover other expenses.<\/p>\n\n\n\n<p>Whilst this can help in the short term, it may also point to a cash flow issue\u2014especially if you&#8217;re struggling to pay bills on time or relying heavily on incoming payments to stay afloat.<\/p>\n\n\n\n<p>Keeping these two ratios in balance helps maintain healthy cash flow and supports stronger relationships on both sides of the ledger.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-ap-turnover-ratio-and-inventory-turnover-ratio\"><a><\/a><strong>AP turnover ratio and inventory turnover ratio<\/strong><\/h3>\n\n\n\n<p>If you&#8217;re managing an inventory-heavy business, the inventory turnover ratio is another key metric to keep an eye on.<\/p>\n\n\n\n<p>It measures how often your business sells and replaces inventory over a given period, helping you understand how efficiently you&#8217;re managing stock levels.<\/p>\n\n\n\n<p>This ratio goes hand in hand with your accounts payable (AP) turnover ratio.<\/p>\n\n\n\n<p>If your AP turnover ratio is much lower than your inventory turnover ratio, it could mean you&#8217;re paying for inventory faster than you&#8217;re selling it.<\/p>\n\n\n\n<p>That&#8217;s not always ideal\u2014it can create a mismatch between cash going out and revenue coming in, putting unnecessary pressure on your cash flow.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-ap-turnover-ratio-trends-and-industry-benchmarks\"><a><\/a><strong>AP turnover ratio trends and industry benchmarks<\/strong><\/h3>\n\n\n\n<p>AP turnover ratios can vary significantly across industries, depending on how goods or services are delivered, how inventory is managed, and what supplier terms are standard in the field.<\/p>\n\n\n\n<p>For example:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-manufacturing-and-construction\"><a><\/a><strong>Manufacturing and construction<\/strong><\/h4>\n\n\n\n<p>In South Africa, official turnover figures published in the <a href=\"https:\/\/www.statssa.gov.za\/publications\/P0044\/P0044March2025.pdf?utm\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Stats\u202fSA Quarterly Financial Statistics (P0044)<\/strong><\/a> show that sectors such as manufacturing and construction often have lower turnover ratios, reflecting longer project timelines, bulk material purchases, and extended payment arrangements with suppliers. <\/p>\n\n\n\n<p>It\u2019s common for suppliers to offer 60\u2011 or even 90\u2011day terms to accommodate complex production cycles.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-retail-and-hospitality\"><a><\/a><strong>Retail and hospitality<\/strong><\/h4>\n\n\n\n<p>In fast-moving sectors like retail and hospitality, higher AP turnover ratios are more typical.<\/p>\n\n\n\n<p>Businesses in these industries need to replenish stock or supplies frequently to keep up with customer demand\u2014whether it&#8217;s food and beverage in a hotel or clothing in a fashion store\u2014so they pay vendors more regularly to keep things running smoothly.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-healthcare\"><a><\/a><strong>Healthcare<\/strong><\/h4>\n\n\n\n<p>Healthcare providers often deal with a large volume of regular purchases\u2014from medical equipment to pharmaceuticals\u2014which means AP processes need to be both fast and efficient.<\/p>\n\n\n\n<p>Whilst payment cycles might vary based on supplier contracts, healthcare organisations aim for a balanced AP turnover ratio to ensure critical supplies are never delayed.<\/p>\n\n\n\n<p>Industry benchmarking reports and performance data help finance teams understand how their AP turnover compares with broader sector trends in South Africa. <\/p>\n\n\n\n<p>For example, South African healthcare quality and industry reports, such as the annual benchmarking data from <a href=\"https:\/\/www.cover.co.za\/news\/2024-industry-results-from-health-quality-assessment?utm\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Health Quality Assessment (HQA)<\/strong><\/a>, provide performance indicators and trends across providers that organisations use to assess areas for improvement in vendor management and payment practices.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-technology-and-saas\"><a><\/a><strong>Technology and SaaS<\/strong><\/h4>\n\n\n\n<p>Tech companies and SaaS providers often have more predictable, subscription-based revenue but may pay vendors for services, licences, and infrastructure.<\/p>\n\n\n\n<p>Their AP turnover ratios depend heavily on contract terms and how they manage operating expenses.<\/p>\n\n\n\n<div class=\"single-cta gated-content\">\n\t<div class=\"single-cta__positioner\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Budget Speech: 2026\/2027<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p><!-- wp:paragraph --><\/p>\n<p>Explore the key tax, payroll and employment changes from the 2026\/27 Budget<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-a2a54612-83e6-4a6c-b6a6-d71baac631c1\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Download now<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1064\" height=\"810\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-41-1064x810.jpg\" class=\"single-cta__image\" alt=\"Smiling businessman using tablet\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-41-1064x810.jpg 1064w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-ap-turnover-ratio-benchmarking-supports-decision-making\"><a><\/a><strong>How AP turnover ratio benchmarking supports decision-making<\/strong><\/h2>\n\n\n\n<p>By comparing your AP turnover ratio to industry benchmarks, you can get a clearer sense of how your business stacks up against others in your sector.<\/p>\n\n\n\n<p>This helps you understand whether your current payment practices are effective\u2014or if there&#8217;s room for improvement.<\/p>\n\n\n\n<p>Here&#8217;s what benchmarking your AP turnover ratio can help you do:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-evaluate-if-your-payment-cycle-is-competitive\"><a><\/a><strong>Evaluate if your payment cycle is competitive<\/strong><\/h3>\n\n\n\n<p>See whether you&#8217;re paying suppliers faster or slower than similar businesses.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-identify-opportunities-to-improve-payment-practices\"><a><\/a><strong>Identify opportunities to improve payment practices<\/strong><\/h3>\n\n\n\n<p>If your ratio significantly deviates from the industry average, it could indicate inefficiencies\u2014such as missed early payment discounts or delayed invoice processing\u2014that are affecting your cash flow.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-inform-strategic-decisions\"><a><\/a><strong>Inform strategic decisions<\/strong><\/h3>\n\n\n\n<p>Understanding how others in your industry manage payments can guide decisions around negotiating better supplier terms, extending or shortening payment cycles, or streamlining internal AP processes.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-support-long-term-financial-planning\"><a><\/a><strong>Support long-term financial planning<\/strong><\/h3>\n\n\n\n<p>Benchmarking provides a baseline for tracking improvements over time and aligning your AP strategy with broader business goals.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-can-you-transform-ap-turnover-ratio-to-days-payable-outstanding-dpo\"><a><\/a><strong>How can you transform AP turnover ratio to days payable outstanding (DPO)<\/strong><\/h2>\n\n\n\n<p>The AP turnover ratio measures how often your business pays suppliers in each period, but it doesn&#8217;t directly show how long it takes to settle invoices.<\/p>\n\n\n\n<p>That&#8217;s where days payable outstanding (DPO) comes in.<\/p>\n\n\n\n<p>DPO helps you understand the average number of days your business takes to pay its suppliers.<\/p>\n\n\n\n<p>It&#8217;s directly related to the AP turnover ratio\u2014a higher AP turnover ratio means a lower DPO (faster payments), whilst a lower AP turnover ratio results in a higher DPO (slower payments).<\/p>\n\n\n\n<p>Days payable outstanding (DPO) formula:<\/p>\n\n\n\n<p><strong>DPO = 365 \/ AP turnover ratio<\/strong><\/p>\n\n\n\n<p>Using our earlier example:<\/p>\n\n\n\n<p>DPO = 365 \/ 9.09 = 40.1 days<\/p>\n\n\n\n<p>This means the company takes around 40 days to pay suppliers.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-is-a-good-ap-turnover-ratio-in-dpo\"><a><\/a><strong>What is a good AP turnover ratio in DPO?<\/strong><\/h3>\n\n\n\n<p>For your business, a days payable outstanding (DPO) between 30 and 60 days is generally considered healthy.<\/p>\n\n\n\n<p>However, the ideal range depends on your industry and cash flow strategy. Whilst extending payment terms can help preserve cash, it&#8217;s important to balance this with maintaining strong supplier relationships to avoid late fees or supply chain disruptions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-increasing-or-decreasing-ap-turnover-ratio-which-one-is-better\"><a><\/a><strong>Increasing or decreasing AP turnover ratio: which one is better<\/strong><\/h3>\n\n\n\n<p>Trying to decide whether your business should aim for a higher or lower accounts payable (AP) turnover ratio?<\/p>\n\n\n\n<p>The right approach depends on your financial strategy and cash flow needs.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-increasing-accounts-payable-turnover-ratio\"><a><\/a><strong>Increasing accounts payable turnover ratio<\/strong><\/h4>\n\n\n\n<p>A higher AP turnover ratio means your business is paying suppliers more frequently. This can be beneficial in certain situations, especially if you want to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Improve supplier relationships by making timely payments.<\/li>\n\n\n\n<li>Take advantage of early payment discounts to save money.<\/li>\n\n\n\n<li>Reduce the risk of late fees or penalties.<\/li>\n\n\n\n<li>Strengthen creditworthiness by demonstrating reliability to lenders and vendors.<\/li>\n<\/ul>\n\n\n\n<p>However, paying suppliers too quickly could limit your working capital, so it&#8217;s important to strike the right balance.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-decreasing-accounts-payable-turnover-ratio\"><a><\/a><strong>Decreasing accounts payable turnover ratio<\/strong><\/h4>\n\n\n\n<p>A lower AP turnover ratio means your business takes longer to pay suppliers, which can free up cash flow for other investments.<\/p>\n\n\n\n<p>If you&#8217;re considering this approach, here are some ways to do it effectively:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Negotiate longer payment terms with suppliers to extend due dates.<\/li>\n\n\n\n<li>Avoid penalties for late payments by staying within agreed terms.<\/li>\n\n\n\n<li>Ensure cash is allocated wisely, such as investing in growth opportunities.<\/li>\n<\/ul>\n\n\n\n<p>Whilst a lower AP turnover ratio can help with cash flow, delaying payments too much might strain supplier relationships or result in stricter credit terms.<\/p>\n\n\n\n<p>There&#8217;s no one-size-fits-all answer\u2014your ideal AP turnover ratio depends on your industry, supplier agreements, and overall financial strategy.<\/p>\n\n\n\n<p>The key is to align your payment practices with your cash flow goals whilst maintaining strong relationships with vendors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-importance-of-accounts-payable-turnover-ratio\"><a><\/a><strong>Importance of accounts payable turnover ratio<\/strong><\/h2>\n\n\n\n<p>Tracking your AP turnover ratio is essential for keeping your business financially stable and making informed financial decisions.<\/p>\n\n\n\n<p>Here&#8217;s why it matters:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-cash-flow-management\"><a><\/a><strong>Cash flow management<\/strong><\/h3>\n\n\n\n<p>AP helps to ensure you&#8217;re balancing outgoing payments with incoming revenue.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-supplier-relationships\"><a><\/a><strong>Supplier relationships<\/strong><\/h3>\n\n\n\n<p>Paying on time strengthens vendor partnerships and can lead to better payment terms.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-financial-health-indicator\"><a><\/a><strong>Financial health indicator<\/strong><\/h3>\n\n\n\n<p>A sudden change in this ratio could signal cash flow issues or liquidity concerns.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-effective-operations\"><a><\/a><strong>Effective operations<\/strong><\/h3>\n\n\n\n<p>Benchmarking your AP turnover ratio against current industry standards helps identify whether your business is keeping pace.<\/p>\n\n\n\n<p>Falling behind industry standards may be a sign that something isn&#8217;t working as well as it should\u2014like slow processes or gaps in your workflow\u2014that could be improved to boost performance.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-prompt-detection-of-financial-risks\"><a><\/a><strong>Prompt detection of financial risks<\/strong><\/h3>\n\n\n\n<p>Keeping an eye on your AP turnover ratio over time helps spot warning signs early, so you can act before small issues turn into bigger problems.<\/p>\n\n\n\n<div class=\"single-cta gated-content\">\n\t<div class=\"single-cta__positioner\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Budget Speech: 2026\/2027<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p><!-- wp:paragraph --><\/p>\n<p>Explore the key tax, payroll and employment changes from the 2026\/27 Budget<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-a2a54612-83e6-4a6c-b6a6-d71baac631c1\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Download now<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1064\" height=\"810\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-41-1064x810.jpg\" class=\"single-cta__image\" alt=\"Smiling businessman using tablet\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-41-1064x810.jpg 1064w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-track-your-accounts-payable-turnover-ratio\"><a><\/a><strong>How to track your accounts payable turnover ratio<\/strong><\/h2>\n\n\n\n<p>Consistently tracking your AP turnover ratio helps your business identify trends and make informed financial adjustments.<\/p>\n\n\n\n<p>Here are some effective ways to monitor it:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Use <a href=\"https:\/\/www.sage.com\/en-za\/accounting-software\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>accounting software<\/strong><\/a> to automate calculations and generate accurate financial reports.<\/li>\n\n\n\n<li>Track monthly or quarterly trends to keep an eye on how your ratio changes over time to spot patterns or unusual shifts in payment behaviour.<\/li>\n\n\n\n<li>Benchmark against industry standards to see how your business stacks up and adjust strategies accordingly.<\/li>\n\n\n\n<li>Define key performance indicators (KPIs) tied to your AP turnover ratio, so you can measure progress and set realistic goals.<\/li>\n\n\n\n<li>Schedule regular check-ins to review your AP ratio and related metrics. Bring in key stakeholders to discuss what&#8217;s working and where improvements can be made.<\/li>\n\n\n\n<li>Use financial dashboards to get a clear, comprehensive view of your business&#8217;s financial health. They make it easy to track your AP turnover ratio alongside other key metrics, helping you see the bigger picture and make informed decisions.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-tips-to-improve-accounts-payable-turnover-ratio\"><a><\/a><strong>Tips to improve accounts payable turnover ratio<\/strong><\/h2>\n\n\n\n<p>Looking to better manage your AP turnover ratio? Here are some actionable tips:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-1-negotiate-favourable-payment-terms\"><a><\/a><strong>1. Negotiate favourable payment terms<\/strong><\/h3>\n\n\n\n<p>Work with suppliers to extend due dates when needed.<\/p>\n\n\n\n<p>This gives your business more flexibility without risking late payments.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-2-improve-invoice-processing-efficiency\"><a><\/a><strong>2. Improve invoice processing efficiency<\/strong><\/h3>\n\n\n\n<p>Use accounting software to streamline approvals and avoid delays that can throw off your payment schedule.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-3-monitor-cash-flow-regularly\"><a><\/a><strong>3. Monitor cash flow regularly<\/strong><\/h3>\n\n\n\n<p>Keep a close eye on your cash position so you can plan payments strategically and avoid unnecessary bottlenecks.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-4-take-advantage-of-early-payment-discounts\"><a><\/a><strong>4. Take advantage of early payment discounts<\/strong><\/h3>\n\n\n\n<p>If cash flow allows, paying invoices ahead of schedule can reduce costs and build goodwill with suppliers.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-5-set-up-payment-reminders\"><a><\/a><strong>5. Set up payment reminders<\/strong><\/h3>\n\n\n\n<p>Use your accounting software to create reminders for upcoming payments. This helps prevent late payments and any associated penalties.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-6-review-and-renegotiate-supplier-contracts\"><a><\/a><strong>6. Review and renegotiate supplier contracts<\/strong><\/h3>\n\n\n\n<p>Regularly revisit supplier agreements to ensure your business continues to receive the most favourable terms.<\/p>\n\n\n\n<p>If not, it might be time to negotiate.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-7-keep-communication-open-with-suppliers\"><a><\/a><strong>7. Keep communication open with suppliers<\/strong><\/h3>\n\n\n\n<p>Stay in touch with vendors, especially if you anticipate any delays. Clear communication helps maintain trust and avoids misunderstandings.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-optimise-your-ap-turnover-ratio-with-accounts-payable-automation-software\"><a><\/a><strong>Optimise your AP turnover ratio with accounts payable automation software<\/strong><\/h2>\n\n\n\n<p>Understanding how to calculate, interpret, and optimise the accounts payable turnover ratio helps improve cash flow, strengthen vendor relationships, and support smarter financial decisions.<\/p>\n\n\n\n<p>Whether your goal is to increase, decrease, or balance your AP turnover ratio, tracking trends and using automation software can make the process much easier.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-looking-to-streamline-your-ap-management\"><a><\/a><strong>Looking to streamline your AP management?<\/strong><\/h3>\n\n\n\n<p><a href=\"https:\/\/www.sage.com\/en-za\/accounting-software\/accounts-payable\/\" target=\"_blank\" rel=\"noreferrer noopener\">Accounts payable software<\/a> can help by:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Automating invoice approvals to prevent delays and reduce manual errors.<\/li>\n\n\n\n<li>Auto-matching invoices with purchase orders and receipts, ensuring accuracy and saving time on reconciliation.<\/li>\n\n\n\n<li>Providing real-time insights into AP trends and metrics, including turnover ratio and DPO.<\/li>\n\n\n\n<li>Offering payment flexibility, such as scheduling payments, splitting invoices, or managing early payment discounts.<\/li>\n\n\n\n<li>Processing payments across multiple entities or business units, simplifying operations for growing or multi-location companies.<\/li>\n\n\n\n<li>Integrating seamlessly with your accounting or <a href=\"https:\/\/www.sage.com\/en-za\/erp\/\" target=\"_blank\" rel=\"noreferrer noopener\">ERP software<\/a>, so everything stays connected and easy to manage.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\">FAQs<\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1777386156915\"><strong class=\"schema-faq-question\">What does the accounts payable turnover ratio tell you?<\/strong> <p class=\"schema-faq-answer\"><br>The accounts payable turnover ratio shows how often your business pays its suppliers during a specific period. <br><br>It helps finance teams understand whether payment practices are well balanced between maintaining healthy cash flow and meeting supplier expectations. <br><br>Tracking this ratio over time can highlight changes in payment behaviour that may signal cash flow or process issues.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1777386475515\"><strong class=\"schema-faq-question\">What is a good accounts payable turnover ratio?<\/strong> <p class=\"schema-faq-answer\"><br>There is no single \u201cgood\u201d accounts payable turnover ratio, as it varies by industry, supplier terms, and business strategy. <br><br>Some sectors operate with lower ratios due to longer project cycles or extended payment terms, while fast\u2011moving industries often show higher ratios. <br><br>The key is consistency and ensuring your ratio aligns with cash flow needs and supplier agreements.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1777386497915\"><strong class=\"schema-faq-question\">How is days payable outstanding (DPO) linked to AP turnover ratio?<\/strong> <p class=\"schema-faq-answer\"><br>Days payable outstanding (DPO) converts the AP turnover ratio into an average number of days it takes to pay suppliers. <br><br>A higher AP turnover ratio results in a lower DPO, meaning faster payments, while a lower ratio leads to a higher DPO and slower payments. <br><br>This makes DPO easier to benchmark and use for cash flow planning.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1777386517715\"><strong class=\"schema-faq-question\">Why should businesses benchmark their AP turnover ratio?<\/strong> <p class=\"schema-faq-answer\"><br>Benchmarking your AP turnover ratio against industry norms helps you understand whether your payment practices are competitive. <br><br>It can highlight inefficiencies such as delayed processing, missed discounts, or unbalanced payment terms, supporting better supplier negotiations and longer\u2011term financial planning.<\/p> <\/div> <\/div>\n\n\n\n<div class=\"single-cta\">\n\t<div class=\"single-cta__positioner\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Subscribe to the Sage Advice enewsletter<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p>Get a roundup of our best business advice in your inbox every month.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-84fe79b5-668d-41f8-a0cc-6229018c4ac9\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Subscribe<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2022\/04\/GettyImages-1181404518-1440x810.jpg\" class=\"single-cta__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2022\/04\/GettyImages-1181404518-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Manage your accounts payable turnover ratio with confidence. Understanding this formula can help improve cash flow and your company&#8217;s financial performance. <\/p>\n","protected":false},"author":1774,"featured_media":71207,"menu_order":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sage_video":false,"post_featured_image_hide":false,"footnotes":""},"categories":[25,27],"tags":[294,313,315],"business_type":[2,3],"lilypad":[],"context":[],"industry":[],"persona":[12,13,15,16],"imagine_tag":[52,63,64,353,84,85],"coauthors":[401],"class_list":["post-76142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-matters","category-strategy-legal-operations","tag-accountants","tag-bookkeeping","tag-business-intelligence","business_type-small-business","business_type-medium-business"],"sage_meta":{"region":"en-za","author_name":"Yassir Malik","featured_image":"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2023\/09\/GettyImages-645973033.jpg","imagine_tags":{"52":"Accounting software","63":"Business intelligence","64":"Cloud accounting","353":"Costs and cash flow","84":"Midsized business","85":"Small business"}},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"Sage Advice South Africa","distributor_original_site_url":"https:\/\/www.sage.com\/en-za\/blog","push-errors":false,"_links":{"self":[{"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/posts\/76142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/users\/1774"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/comments?post=76142"}],"version-history":[{"count":5,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/posts\/76142\/revisions"}],"predecessor-version":[{"id":76171,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/posts\/76142\/revisions\/76171"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/media\/71207"}],"wp:attachment":[{"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/media?parent=76142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/categories?post=76142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/tags?post=76142"},{"taxonomy":"business_type","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/business_type?post=76142"},{"taxonomy":"lilypad","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/lilypad?post=76142"},{"taxonomy":"context","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/context?post=76142"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/industry?post=76142"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/persona?post=76142"},{"taxonomy":"imagine_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/imagine_tag?post=76142"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/coauthors?post=76142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}