Non-current asset turnover: Difference between revisions
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imported>Doug Williamson (Create page. Source: Financial Accountancy webpage http://www.financialaccountancy.org/financial-ratios/non-current-asset-turnover/) |
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Revision as of 09:58, 2 February 2019
Financial ratio analysis.
Non-current asset turnover is an efficiency ratio.
It measures the annual revenue generated per unit of non-current assets.
It is calculated as:
Revenue รท 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.