This indicator reflects the turnover rate of total assets. The faster the turnover, the stronger the sales ability. Enterprises can adopt the method of small profits but quick turnover to speed up asset turnover and increase absolute profits.

Total assets turnover rate (times) = net operating income/average total assets.

Total assets turnover days =360÷ total assets turnover rate (times).

In the formula:

Net operating income is the net amount after deducting sales discounts and discounts.

The average total assets refer to the average of the total assets of an enterprise at the beginning and end of the year.

The turnover rate of total assets is an important index to examine the efficiency of enterprise assets management, which reflects the flow speed of all assets from input to output during the operation period of an enterprise, and reflects the management quality and utilization efficiency of all assets of an enterprise.

Through the comparative analysis of this index, we can reflect the operating efficiency and changes of the total assets of enterprises in this year and previous years, find the gap between enterprises and similar enterprises in asset utilization, promote enterprises to tap their potential, actively generate income, improve product market share and improve asset utilization efficiency. Generally, the higher this value, the faster the turnover rate of total assets of enterprises.

The factors that affect the turnover rate of total assets include total assets at the beginning of the period, total assets at the end of the period and net income from main business. The turnover rate of total assets is the ratio of net sales income to average total assets in a certain period, and it is an index to measure the ratio of asset investment scale to sales level.