Asset turnover
Revenue generated per dollar of average assets - how hard the asset base works.
Formula
Annual revenue ÷ average total assets (mean of two consecutive period-end balances)
Served as: annual · derived. Annual and quarterly observations are never mixed unlabeled.
Where the inputs come from
- Revenues (fallback chain)
- Assets at two consecutive period ends
Listed highest priority first. Every served figure carries its filing, fiscal period and accession; open any value on the financials page to see them.
How to compare it honestly
Compare within the same industry; asset-light and asset-heavy business models differ structurally, not by quality.
When it is not served
Not computed for the oldest paired year or across filing gaps - the average needs the adjacent prior-year balance; shown as missing, never a point-in-time substitute.
Missing data is missing evidence: it is never shown as zero and never treated as a conclusion.
What it cannot tell you
Says nothing about profitability per sale; leased or written-down assets distort the base.
Questions worth asking next
- Is turnover moving because revenue changed or because the asset base changed?
- How does the same ratio look for peers with a similar asset model?
Research prompts, not recommendations.
See it computed from filings
Related in returns: ROE · ROA · ROIC · ROCE · ROE (DuPont) · Equity multiplier · Tax burden · Interest burden
Definitions are descriptive and educational. Nothing here is a guaranteed signal or personalized investment advice. How the platform computes and cites every figure.