It refers to the ratio of the company's annual net sales revenue to the average net value of fixed assets. It is an indicator that reflects the turnover of fixed assets of a company, thereby measuring the efficiency of fixed assets utilization. <br><br>The fixed asset turnover rate is high; it shows that the company's fixed assets are fully utilized, and it can also show that the company's fixed asset investment is appropriate, the fixed asset structure is reasonable, and the efficiency can be fully displayed. Conversely, if the turnover rate of fixed assets is not high, it indicates that the use efficiency of fixed assets is not high, the production results provided are not many, and the company's operating capacity is not strong.
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