TOTAL ASSET TURNOVER measures managements efficiency in managing all of a firm's assets - specifically the generation of revenues from the firms total investments in assets. This ratio is extremely important in high asset firms such as manufactures and telecommunications companies. Generally, the higher this ratio as compared to like companies or the industry (Formula: Net Revenue / Total Assets):
JOINT VENTURE is a venture by a partnership or conglomerate designed to share risk or expertise. See also VENTURE.
CVPA see COST-VOLUME-PROFIT ANALYSIS.
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