The Asset Turnover Ratio is an indicator of the performance of a business in terms of utilising its assets to create revenue. In terms of an Asset Turnover Ratio the higher the ratio the more sales a business is creating based on the assets that they possess. This measure can be used to compare different company’s revenue generation efficiencies. In this calculation, we find the sales revenue figure from your income statement and the business assets from the business balance sheet.Looking for an amazing property to start your new life in? Check out 51 Hill Street listed by Reece Glozier.
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