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English definition of “asset turnover”

asset turnover

noun [C or U]     (also asset turnover ratio)
ACCOUNTING, FINANCE a company's sales for a particular period, usually a year, compared to the value of its fixed assets (= property, machines, etc.): The figure for asset turnover simply compares the turnover with the assets that the business has used to generate that turnover.
(Definition of asset turnover noun from the Cambridge Business English Dictionary © Cambridge University Press)
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