Asset Turnover

Financial Data API

Definition of Asset Turnover

Asset turnover is the value of a companys sales or revenues generated relative to the value of its assets. The Asset Turnover can often be used as an indicator of the efficiency with which a company is deploying its assets in generating revenue. In general, the higher the asset turnover ratio, the better the company is performing, since higher ratios imply that the company is generating more revenue per dollar of assets.

Formula for Asset Turnover

$assetturnover= \frac{totalrevenue}{totalassets}$

Asset Turnover Details

Intrinio Tag	assetturnover
Statements	Calculations
Templates	Industrial, Financial
Type	Efficiency
Units	Float
Historical?	Yes
Screenable?	No

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