Total assets turnover ratio
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Total assets turnover ratio is a ratio that measures the turnover of all the firm's assets; it is calculated by dividing sales by total assets.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Total assets turnover ratio. Measures the turnover of all the firm's assets; it is calculated by dividing sales by total assets.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
