Meaning of “asset turnover” in the English Dictionary

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"asset turnover" in Business English

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asset turnovernoun [ C or U ]

uk us 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” from the Cambridge Business English Dictionary © Cambridge University Press)