Friends,
Please help me out...is there anything called Sales Turnover Ratio?????
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14487 Points)
Replied 10 January 2011
1. A measure of the number of times a company's inventory is replaced during a given time period. Turnover ratio is calculated as cost of goods sold divided by average inventory during the time period. A high turnover ratio is a sign that the company is producing and selling its goods or services very quickly.
2. In the case of mutual funds, the percentage of a fund's assets that have changed over the course of a given time period, usually a year. Turnover ratio for a mutual fund is calculated by dividing the average assets during the period by the lesser of the value of purchases and the value of sales during the same period. Mutual funds with higher turnover ratios tend to have higher expenses.
ashish gupta
( student)
(1922 Points)
Replied 11 January 2011
tbere is nothing called sales turnover ratio
venky
(Assistant Manager)
(21 Points)
Replied 14 February 2012
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
