Non-current asset turnover: Difference between revisions
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Revision as of 12:00, 6 February 2019
Financial ratio analysis.
Non-current asset turnover is a management efficiency ratio.
It measures the annual revenue generated per unit of non-current assets.
It is calculated as:
Revenue ÷ non-current assets
The greater the non-current asset turnover, the greater the efficiency with which non-current assets are being used in the business.
