Term of the Day turnover Definition For a company, the ratio of annual sales to inventory; or equivalently, the fraction of a year that an average item remains in inventory. Low turnover is a sign of inefficiency, since inventory usually has a rate of return of zero. here Also called inventory turnover. For a mutual fund, the number of times per year that an average dollar of assets is reinvested.....
Posted on: Sat, 29 Jun 2013 08:30:14 +0000
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