In the case of total/fixed assets turnover ratios
, comparisons of their values between companies may only be made for different companies within the same industry because firms from different industries may have totally different average values of these ratios.
Market liquidity is also low, with turnover ratio
of less than 1 percent in Swaziland compared with about 29 percent in Mexico.
They find that Japanese manufacturing firms have significantly higher accounts receivable turnover, inventory turnover and fixed assets turnover ratios
compared with U.S.
The tax drag will be greater for those funds that are actively managed and have a high turnover ratio
. The turnover ratio
of a mutual fund is measured as a percentage of the fund's holdings that have been sold and replaced during the prior year.
APPROPRIATE PRINCIPLE FOR EACH CATEGORY (LIQUIDITY RATIOS, SMALLER-BETTER PRINCIPLE) Nominal Smaller Bigger Category Better Better Better Liquidity ratios 178 162 168 Financial leverage ratios 1 178 174 166 Financial leverage ratios 2 178 178 182 Turnover ratios
1 178 162 162 Turnover ratios
2 178 184 178 Profitability ratios 178 178 158 Growth ratios 178 190 152 Category Appropriate principle Liquidity ratios Smaller-Better Financial leverage ratios 1 Bigger-Better Financial leverage ratios 2 Nominal/Smaller-Better Turnover ratios
1 Smaller/Bigger-Better Turnover ratios
2 Nominal/Bigger-Better Profitability ratios Bigger-Better Growth ratios Bigger-Better TABLE 6.
The lesson: Favor lower turnover ratios
, such as 30 percent or less.
If there were multiple candidate matches, the authors picked the fund that had the closest match in the order of TNA, age, expense ratio and turnover ratio
. If no match was found, that "socially conscious" fund was excluded from the current quarter.
Keywords : Monetary policy, Insulation hypothesis, Leverage, Net working capital, Turnover ratios
JEL Classification: E44, E50, E52, G30, G31
b) Analysis of data: The analysis has been done on the basis of various indicators like current ratio, absolute liquid ratio, current assets to total assets ratio, inventory turnover ratio
, debtor turnover ratio
, net working capital turnover ratio
, inventory to current assets ratio, receivables to current assets ratio, deposits to current assets ratio, cash & bank to current assets ratio, loans and advances to current assets ratio, etc.
The Republic of Korea, Malaysia, and Thailand had the most liquid government bond markets - as measured by quarterly turnover ratios
- at the end of 2011.
HDFC Mutual Fund plans such as HDFC Top 200 and HDFC Equity have the lowest portfolio turnover ratios
. The average portfolio turnover ratio
of HDFC Top 200 in 2011- 12 was 19.7 per cent and that of HDFC Equity was 33 per cent.
In summary, it is observed that there are two groups of profiles of high profitability: the first one, refers to companies with a moderated leverage but with good ratios of turnover and return on sales (rules 9, 12 and 14); the second one, those with worse asset turnover ratios
and return on sales, though assuming higher financial risks while supporting low asset coverage ratios and high leverage (rules 1, 2, 3 and 8).
The downside will be significant increased liabilities on the typical corporate balance sheet which could have a knock-on effect on key performance indicators.The result could be lower asset turnover ratios
, lower return on capital, and an increase in debt-toequity ratios, which could impact borrowing capacity or compliance with loan covenants.It would also typically raise the earnings before interest, taxes, depreciation and amortisation figure beloved by analysts."
In the graphic below are the comparative wages/ turnover ratios
for the leading European football countries over the last 10 seasons.
While higher turnover ratios
are better for profitability, types of businesses vary in the ratio they can sustain.