This indicator refers to the ratio of operating income to the average balance of total assets. The higher the ratio, the faster the turnover of total assets, and the less assets occupied by the company's operations, reflecting the company's good asset utilization efficiency; the lower the ratio, the weaker the utilization of corporate assets, resulting in waste of resources. The total asset turnover rate can be further decomposed into the product of the current asset turnover rate and the ratio of current assets to total assets, which shows that the current asset turnover rate is an important factor influencing the overall operating level of the enterprise
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