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Definition of

asset turnover


measure of firm's business efficiency the ratio of a company's sales revenue to its total assets, used as a measure of the firm's business efficiency

Recommended Further Reading (Term count)
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    How efficiently an organization uses its resources and, in turn, the effectiveness of the organization’s managers.
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    Factoring is provided by financial institutions, for example banks and individual factoring brokers. It is a form of asset-based financing, where the factor provides funding based upon the values of a borrower’s accounts receivable, i.e. corporate debtors. The receivables are purchased by the factor rather than used as collateral for a loan. This means that the ownership of receivables shifts from the seller to the factor. Factoring generally...
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Definitions of ’asset turnover’ and meaning of ’asset turnover’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’asset turnover’ and other financial terms with our online QFINANCE Financial Dictionary.

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