What is PROPERTY AND EQUIPMENT TURNOVER?

This is the ratio between the equipment used and the turnover acquired by a business. The formula is the average total of equipment and property used in aperiod and the sales taht is generated in the same period.

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Related Legal Terms
PROPERTY, PLANT, AND EQUIPMENT, CAPITAL TURNOVER, ACCOUNTS RECEIVABLE (A/R) TURNOVER, ASSET TURNOVER RATIO, RATE OF TURNOVER, TURNOVER RATIOS, PAYABLES TURNOVER, EQUIPMENT LEASING PARTNERSHIP, FIXED ASSET TURNOVER RATIO, WORKING CAPITAL TURNOVER


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