It is an index that reflects the turnover rate of enterprise's current assets. It is the ratio between the average occupancy of current assets and the turnover of current assets completed over a period of time.<br>Over a period of time, the greater the number of turnovers of current assets, indicating that the more turnovers completed with the same current assets, the better the utilization of current assets. When the turnover rate of current assets is expressed in the number of working days, the fewer days required for a turnaround, indicating that the shorter the time that the current assets take to go through the stages of production and sales, the faster the turnover. The improvement of work in any aspect of production and operation will be reflected in the shortening of the number of working days. The turnover rate of current assets by number of days can more directly reflect the improvement of production and operation. It is convenient to compare the turnover rate of current assets in different periods, and the application is more common.
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