(total assets current year + total assets prior year)/2
total assets current year plus total assets prior year then divide that total by two to find the average. Dont over-think this.
Simply add up all of the data you have. Then find how many pieces of data you have and divide the first number by this number.
Example: 5 bits of data: 1 5 6 9 4
Average is (1+5+6+9+4) divdided by...
Asset Turnover = Net Sales/Average Total Assets Asset Turnover = 51195/134128 Asset Turnover = 0.38169
It depends on the industry, but generally a number this low indicates that the company has too...
Its the ratio between the assets which generate income for the business to total assets owned by the business.If the ratio is higher, that shows business is in good position.