Before the crisis, average total assets
turnover ratio (X11) for industrial companies stood at 1,17, however it fell during 2007-2009.
The two denominators, total assets and average total assets
, can be compared.
LEVERAGE = ratio of total debt to average total assets
TAT = total asset turnover = revenue + average total assets
The return on average total assets
achieved for the period is 9%.
Return on average total assets
improved substantially to 4.3 per cent from 3.8 per cent.
TRS asset growth, however, was driven more by TRSs with nonnegative net income: Average total assets
per TRS with negative income were flat at around $20 million during the sample period, whereas average total assets
for TRSs with nonnegative income grew from $93 million in 2001 to $466 million in 2004.
The Company's second quarter 2006 net income resulted in a 13.88 percent return on average common stockholders' equity and a 1.03 percent return on average total assets
, as compared to 18.57 percent and 1.26 percent, respectively, for the prior year period.
Lebanese banks had average total assets
of 1,316 billion Lebanese pounds (approximately US$869 million) at the end of 2000.
The decrease in profit was said to be due mainly to a decline in average total assets
The lowest (highest) quintile of firms has operating accruals equal to -17.9 (6.9) percent of average total assets
. The pattern of short interest across these portfolios is relatively constant (ranges from 1.24 percent for the lowest quintile to 1.25 percent for the highest quintile, with quintile 4 having the lowest short interest).
Consistent with Sloan (1996), we define ROA as operating income deflated by contemporaneous average total assets
(for parsimony, we suppress cross-sectional firm subscripts throughout the study):