What is the accounts receivable turnover ratio? How is it calculated and how is it used to assess financial condition?

The accounts receivable turnover ratio is used to measure how often,on average,receivables are collected during an accounting period.It is calculated by dividing net sales by average accounts receivable.Analysts use the ratio to measure both the quality and liquidity of accounts receivable.Quality refers to the likelihood of collection without loss.Liquidity refers to the speed of collections.