Total Asset Turnover Calculator is used to calculate the Total Asset Turnover of a company's assets
- Total Asset Turnover:
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- What does Total Asset Turnover mean?
- The total asset turnover is a financial ratio which compares the sales of a company to the asset base. It is an indicator of efficiency with which a company deploys its assets in generating the revenue.
- Formula
- Net sales ÷ Total assets = Total asset turnover
- Example
- For example, a business that has net sales of $10,000,000 and total assets of $5,000,000 has a total asset turnover ratio of 2.0.
History
- May 22, 2018
- Tool Launched
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