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Asset Turnover Ratio = Total Net Sales ( Revenue ) - : Average Total Assets This measure of asset utilization ( i . e .
Asset Turnover Ratio Total Net Sales Revenue: Average Total Assets
This measure of asset utilization ie how effectively the company uses its assets to generate revenue measures the sales per dollar of assets invested. The ratio is computed by dividing the net sales revenue for a given year by the average assets utilized during the year average assets average of the beginning balance of total assets and the ending balance of total assets
Which of the following companies had the highest Asset Turnover Ratio?
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Apple, Inc. for the year ended Sep
CVS Health Corporation for the year ended December
Best Buy, Inc. for the year ended January
Walmart Inc. for the year ended January
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