Meric and Meric (1994) find that Japanese manufacturing firms have significantly higher inventory turnover ratios
compared with U.
The results obtained from the bankruptcy prediction model by using the accounting variable indicates that the variable of bankruptcy was negatively related to the return on capital employed, return on assets, debt ratio, working capital to asset ratio, and asset turnover ratio
For example, if a mutual fund invests in 100 stocks and 50 of them are replaced, the fund would have a turnover ratio
of 50 percent.
We measured their performance on following parameters-mid-cap and small-cap exposure, turnover ratio
, standard deviation of return and cash holding-in the three years to 31 December 2014.
TNA, age, expense ratio and turnover ratio
for the entire study period were also computed, Lastly, the excessive standard deviation adjusted return (eSDAR) was computed, a measure more commonly known as the Modigliani-Modigliani Measure, or simply the M Measure (Modigliani, 1997), which was introduced into the field of socially responsible investing by Statman (2000).
Table 4 shows the results of the robust regressions that explain firms' inventory turnover ratios
by firm characteristics, the medium and the heavy industry dummies, the time variable, the "Contractionary" dummy, and the Leverage*Contractionary interaction term.
The analysis reveals that there has been significant decline in turnover ratios
A low portfolio turnover ratio
means the fund manager is holding stocks for longer periods.
The experts identified nine indicators they considered the most appropriate for evaluating the efficiency of separate Lithuanian economic sectors, namely 1) gross profit margin, 2) profitability ratio, 3) return on assets ratio, 4) debt ratio, 5) leverage ratio, 6) current ratio, 7) receivables turnover ratio
, 8) fixed assets turnover ratio
, 9) equity turnover ratio
Therefore, it is possible to obtain higher ROE not only with better asset turnover, but as well with lower asset turnover ratios
, providing that the debt ratio and return on sales are higher.
While higher turnover ratios
are better for profitability, types of businesses vary in the ratio they can sustain.
Conventionally financed apartments experienced much higher turnover ratios
, ranging from 47% to 60%.