What does Asset Turnover TTM mean?
Asset Turnover - or Sales to Assets - shows how efficient a company is at using its assets to generate sales. It calculates the total revenue for every dollar of assets a company owns by dividing total revenue into the average assets for the period. Companies with low profit margins tend to have high asset turnover, those with high profit margins have low asset turnover - it indicates pricing strategy. This is asset turnover based on the opening asset position (rather than an average). It is used specifically for the Piotroski calculations