Average Daily Float

Average Daily Float

-The dollar value of checks or similar negotiable instruments that can be said to be under collection process over a period, divided by total number of days of that period
- The number of shares of a company that are outstanding and tradable for the public on an average daily basis.

Related posts:

1. Average Collection Period, or Days’ Receivables
2. Average Age Of Inventory
3. Average Tax Rate
4. Average Life
5. Average Cost of Capital