Asset Turnover is a measure of how effectively a company uses assets to generate revenue. Joseph Piotroski calculates the Asset Turnover by dividing revenue by the value of total assets on the balance sheet at the beginning of the finanical year. Elsewhere, Stockopedia divides revenue by the average assets (ie. opening asset position + ending asset position / 2). This is measured on an annual basis.
Asset Turnover shows how efficient a company is at using its assets to generate sales. It calculates the total revenue for every dollar/pound of assets a company owns.
The formula is: Total Sales / Opening Total Assets
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| Ticker | Name | Asset Turnover | StockRank™ |
|---|---|---|---|
| LON:SNWS | Smiths News | 5.59 | 98 |
| LON:FOUR | 4imprint | 5.57 | 83 |
| LON:MOTR | Motorpoint | 5.49 | 83 |
| LON:NWF | NWF | 4.84 | 80 |
| LON:GATC | Gattaca | 4.73 | 75 |