Word forms: (regular plural) asset turnover ratios
( Accounting : Management )
asset utilization ratio
The higher the asset turnover ratio, the more efficiently the company uses its assets to generate sales.
The asset turnover ratio, which is a measure of how efficiently the assets of the company are used to generate
sales, rose 5 percent.
An asset turnover ratio is a measure of the efficiency of a company, that is calculated by dividing sales
for a period by average total assets.
Collins English Dictionary. Copyright © HarperCollins Publishers