资产周转率

衡量公司从总资产中产生收入的效率——较高的比率表明对资产基数的更好利用。

Net Sales Revenue

Beginning Assets

Ending Assets

Average Total Assets

Auto-calculated from beginning + ending ÷ 2

Assets (avg)$500,000.00

Ratio2.00x

Asset Turnover Ratio

2.00 x

Good efficiency

Sales per $1 assets$2.00

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Industry use cases

Manufacturing Efficiency Evaluate how efficiently manufacturing facilities convert capital equipment investments into sales revenue.

Retail Store Comparison Compare asset efficiency across retail locations to identify high and underperforming stores.

Airline Fleet Analysis Measure how effectively an airline's aircraft and infrastructure investments generate passenger ticket revenue.

Technology Growth Assessment Determine whether a tech company generates sufficient revenue from its capital assets to support growth.

Frequently asked questions

What is the asset turnover ratio?

It measures how efficiently a company uses its assets to generate revenue, calculated by dividing total revenue (or net sales) by average total assets.

What is a good asset turnover ratio?

A higher ratio is generally better, but what counts as good varies by industry; retailers and grocery stores often have ratios above 2, while capital-intensive sectors like utilities may sit below 0.5.

How do you calculate the asset turnover ratio?

Divide total revenue (or net sales) for a period by the company's average total assets, usually the average of beginning and ending total assets for that period.

Is asset turnover ratio the same as return on assets (ROA)?

No. Asset turnover measures revenue generated per dollar of assets, while ROA measures net profit generated per dollar of assets, so a company can have high turnover but low ROA or vice versa.

Can the asset turnover ratio be too high or negative?

It cannot be negative since revenue and assets are both positive, but an unusually high ratio can signal a very lean asset base or aggressive asset depreciation rather than pure efficiency.

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