where [[alpha].sub.j] is the risk-adjusted return for fund j estimated from Equation 1; EXPENSE [RATIO.sub.j] is the jth fund's management expenses ratio, which is the portion of the fund's average net asset paid for management fees, trustee fees, audit fee and other administrative fee involved in operating the fund; [PORTFOLIO TURNOVER.sub.j] is the portfolio turnover ratio
for [FUND TYPE.sub.j], measured by the average total acquisition and disposal of securities for the year as a percentage of the average net asset value of the fund.
Working cycle and turnover ratio
are highest in terms of debtors at 147.05 days as well as creditors 190.21 days which the management needs to introspect.
The second ratio in the DuPont analysis is the asset turnover ratio
, which, as you learned, measures the revenue generated from the farm assets.
But is a wage to turnover ratio
of 39% a realistic target for the Blues or an exceptional, almost one-off performance, that will be hard to match?
In the most recent set of accounts, and as summarised byThe Guardianthis week, the five remaining sides of the established top six have wage to turnover ratios
of between 58-50% but their wage bills, propped up by significantly bigger commercial incomes, average out at around [pounds sterling]260m.
The results above indicate that Directors ownership, institutional ownership, growth rate, Sales turnover ratio
, and financial leverage having p values greater than the significant level (0.05) suggesting these variables don't have influence over the firm performance while the p-value of individual shareholder ownership is 0.0030 which is less than 0.05 indicates that individual shareholder ownership does influence the firm performance.
CONVENTIONAL APARTMENTS BUILDINGS 4,124 UNITS 867,425 UNFURNISHED 99.2% median per rentable square foot ELEVATOR LOW-RISE 12-24 LOW-RISE 25+ GARDEN GROSS POSSIBLE RENT $22.41 $13.26 $15.31 $13.67 TOTAL ALL EXPENSES $8.97 $5.84 $6.06 $5.34 OPERATING RATIO 42.9% 43.8% 41.7% 40.5% TURNOVER RATIO
44.5% 31.3% 44.4% 45.1% MANAGEMENT FEE $.46-$.70 VACANCY AND RENT LOSS As a percentage of gross possible income 2014 2015 2016 2017 Elevator 4.5% 6.6% 7.2% Low-rise 12-24 3.7% 4.6% 4.3% 4.2% Low-rise 25+ 6.0% 5.3% 6.2% 6.9% Garden 5.8% 5.7% 5.9% 6.8% Note: Table made from line graph.
Other North Korea-themed stocks, including those related with railway businesses or having factories in the Gaeseong Industrial Complex, also recorded extremely high turnover ratio
. It means they were mostly targets of short-term investment instead of long-term investors who focus on fundamentals.
Limitations of Portfolio Turnover Ratio
Average total assets turnover ratio
(X11) and fixed assets turnover ratio
(X12) remained at a similar level in 2006-2008, but their value decreased in 2009 and declined further in subsequent years.
Market liquidity is also low, with turnover ratio
of less than 1 percent in Swaziland compared with about 29 percent in Mexico.