Formula: total assets turnover rate = sales revenue/[(total assets at the beginning+total assets at the end) /2]

There is no unified normal index of total assets turnover rate, and the situation of each enterprise is different, and the turnover rate is also different. The turnover rate of total assets refers to the ratio of net operating income to average total assets in a certain period of time.

When evaluating the efficiency of asset use by analyzing the total asset turnover rate, it should also be analyzed together with the sales profit. Non-current assets in total assets should be calculated and analyzed. The higher the turnover rate of total assets, the stronger the sales ability of enterprises and the better the investment benefit of assets.

Extended data asset turnover rate can be divided into total assets turnover rate, classified assets turnover rate (current assets turnover rate and fixed assets turnover rate) and single assets turnover rate (accounts receivable turnover rate and inventory turnover rate). ).

Different report users have different purposes to measure and analyze the efficiency of asset utilization:

1. The analysis of the utilization efficiency of shareholders' assets is helpful to judge the financial security of enterprises and the profitability of assets, so as to make corresponding investment decisions.

2. By analyzing the efficiency of asset utilization, creditors can identify the degree of material security or security of their claims and make corresponding credit decisions.

3. Managers can find idle assets and underutilized assets through the analysis of asset utilization efficiency, so as to deal with idle assets to save money or improve asset utilization efficiency to improve business performance.

Baidu encyclopedia-total assets turnover rate