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Asset Turnover Ratio
The asset turnover ratio is a profitability ratio that measures how efficient a company is at generating sales from its assets.
Interpreting the Ratio
- Measures how many sales dollars are earned for every $1 of total assets.
- High ratio means the company is efficient at using its assets to generate sales.
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Example: Asset Turnover
Compute the asset turnover ratio for 2020
Practice: Asset Turnover
Compute the asset turnover for the year 2020. Do not round your work, round your final answer to 4 decimal places and enter you answer in decimal form.
Asset turnover ratio