Asset turnover ratio

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Asset turnover ratio (or, simply, asset turnover) is a ratio that indicates how efficiently a company uses its assets to generate sales and thus helps measure the overall efficiency of the company.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Asset turnover ratio. A ratio that indicates how efficiently a company uses its assets to generate sales and thus helps measure the overall efficiency of the company.

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