asset turnover

(redirected from Total Asset Turnovers)

Asset turnover

The ratio of net sales to total assets.

Asset Turnover

A ratio of a company's net sales to total assets. It is a measure of how efficiently management is using the assets at its disposal to promote sales. A high ratio indicates that the company is using its assets efficiently to increase sales, while a low ratio indicates the opposite. It is also known as total asset turnover.

asset turnover

See total asset turnover.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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Both heavy and medium industry firms are seen to be having lower turnovers for inventory and receivables as well for total asset turnovers during both expansionary and contractionary policy periods compared to the light industry firms.

Days sales in receivables, and Total asset turnover) across contractionary and expansionary monetary policy periods using the Wilcoxon two-sample test.

We do similar analyses for "Inventory turnover", "Receivables turnover", and "Total asset turnover" by using the following regression equations:

Total Asset Turnover = [c.sub.0] + [c.sub.1] Size + [c.sub.2] Profitability + [c.sub.3] Tangibility + [c.sub.4] Markettobook + [c.sub.5] Leverage + [c.sub.6] Contractionary + [c.sub.7] (Leverage * Contractionary) + [c.sub.8] Medium Industry + [c.sub.9] Heavy Industry + [c.sub.10] Time + [epsilon] (4)

Table 2 compares the median values of NWC %, Days sales in inventory, Days sales in receivables, and total asset turnover across the expansionary and the contractionary monetary policy periods.

Impact of monetary policy and firm characteristics on short-term financial management measures: evidence from U.S. industrial firms