Amway(short for American Way):
CHANDIGARH: Direct selling major Amway India today said it is eyeing total turnover of Rs 2,500 crore in 2012, up by 17 per cent over last year's sales as it will continue to focus on health and beauty segment to propel its sales.
"We are aiming at total turnover of Rs 2,500 crore in 2012," said company's Vice President Bhuvan Kapoor here today.
The company clocked sales of Rs 2,130 crore in 2011 and Rs 1,790 crore in 2010.
The equation for AR Turnover is: AR Turnover = Net Credit Sales / Average AR (/=divided by) Some companies' will report only sales, however this can affect the ratio depending on the amount of cash sales.
Total asset turnover ratio = total sales / total assets
Operating asset turnover is the ratio of net sales divided by operating assets.
Turnover is sales both domestic and export and is reflected in Trading Account of the Company in accounts.
Net Sales / Average Accounts Receivable = Account Receivable Turnover
32 thousand crore in rupees
9,2 Billion USD for 2010 an increase of 9,5% !!
Amway is a multi-level marketing business that profits from individual sales. For some, it can be very lucrative.
Formula for asset turnover: Asset turnover = net sales / total assets Net sales = 32000 * 3.2 = 102400
Sales turnover is purely the revenue from selling a good or service. It excludes things like return on investment, interest earned and asset appreciation which are also included in the annual turnover.
Capital turnover = Sales/ Invested capital
the formula of calculating account receivable turnover = Net Sales/ average gross receivable
Recent is an adjective: 'The recent sales have increased our turnover'. Recently is the adverb: 'The sales we held recently have increased our turnover'.
The equation for AR Turnover is: AR Turnover = Net Credit Sales / Average AR (/=divided by) Some companies' will report only sales, however this can affect the ratio depending on the amount of cash sales.
Total asset turnover ratio = total sales / total assets
Operating asset turnover is the ratio of net sales divided by operating assets.
Turnover is sales both domestic and export and is reflected in Trading Account of the Company in accounts.