All Glossary Terms
Asset Turnover
Maintenance definition:
Asset Turnover is a financial ratio that measures the efficiency of a company in using its assets to generate revenue. It is calculated by dividing total revenue by the average total assets for a period. High asset turnover indicates effective use of assets in generating sales, while low turnover may suggest inefficiencies. In maintenance, improving asset utilization can directly impact this ratio by ensuring assets are available and operational.
