Asset Turnover
The financial metric "Asset Turnover" measures a company's ability to generate revenue from its assets. Asset turnover is calculated by dividing a company's revenue by its average total assets. This metric shows how efficiently a company is using its assets to generate revenue. A higher asset turnover ratio indicates that the company is utilizing its assets more efficiently, while a lower ratio may indicate that the company is not effectively using its assets to generate revenue.
Additional Details
| Metric Name |
Type |
Default Period Type |
| asset_turnover |
fin_metric |
FY |
| Data Format |
Display Format |
Unit |
| float |
number |
float |