The normal value of total asset turnover rate set by general enterprises is 80.
Total asset turnover rate refers to the ratio of an enterprise's sales revenue to its average total assets within a certain period. It is an important indicator for comprehensively evaluating the operating quality and utilization efficiency of all assets of an enterprise. This indicator reflects the turnover speed of total assets. The faster the turnover, the stronger the sales ability.
The purpose of inventory turnover rate analysis is to identify problems in inventory management from different angles and links, so that inventory management can occupy as little operating funds as possible and increase funds while ensuring the continuity of production and operations. Use efficiency, enhance the company's short-term debt repayment ability, and promote the improvement of corporate management levels. Enterprises can adopt the method of small profits but quick turnover to accelerate asset turnover and increase the absolute amount of profits.
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