Asset Efficiency Ratios 2020 2021 2022 Asset Turnover Ratio Sales Revenue / (note used operating revenue) 826,912,000 990,607,000 1,127,475,000 Average Total Assets 669,599,000 956,235,000 1,112,176,000 Answer: 1.23 1.04 1.01 Inventory Turnover (days) Average Inventory / 130,288,000 172,993,500 229,256,000 Cost of Sales # days 356,419,000 425,079,000 504,992,000 Answer: (note the above needs to be x 365) 133.42 148.54 165.70 Inventory Turnover (times p.a) Cost of Sales / 356,419,000 425,079,000 504,992,000 Average Inventory times p.a 130,288,000 172,993,500 229,256,000 Answer 2.74 2.46 2.20 Receivables Turnover (days) Average trade debtors / 35,936,000 45,553,500 48,167,500 Sales revenue (note used operating revenue) # days 826,912,000 990,607,000 1,127,475,000 Answer: (note the above needs to be x 365) 15.86 16.78 15.59 Receivables Turnover (times p.a) Sales Revenue / (note used operating revenue) 826,912,000 990,607,000 1,127,475,000 Average Trade Debtors 35,936,000 45,553,500 48,167,500.