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):
MONEY SUPPLY is the three categories of money supply (MI, M2, M3) as defined by the U.S. Federal Reserve Board.
M1 The sum of-currency held by the public, plus travelers' checks, plus demand deposits, plus other checkable deposits-i.e., negotiable order of withdrawal (NOW) accounts, automatic transfer service (ATS) accounts and credit union share drafts.
M2 MI plus savings accounts and small-denomination time deposits, plus shares in money market mutual funds (other than those restricted to institutional investors) and overnight Eurodollars and repurchase agreements.
M3 M2 plus large-denomination time deposits (over $100,000) at all depository institutions, large-denomination term repurchase agreements and shares in money market mutual funds restricted to institutional investors.
SPIN-OFF is a type of corporate reorganization in which the original corporation transfers some of its assets to a newly formed corporation. In exchange for the spun off assets, the original corporation receives all of the new corporations capital stock, which it then distributes to its shareholders as a property dividend.
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