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.

More On This Topic
  1. How To Find Out Who Owns A Property
  2. Four Things to Understand About Community Property
  3. Squatter’s Rights & Adverse Possession: What You Need To Know
  4. California Landlord-Tenant Laws
  5. What Is Police Brutality?
  6. Three Things to Know About Tenancy in Common
  7. Marijuana: Recreational, Grow, & Medical Laws By State 2020
  8. How Does Divorce Affect Inheritance?
  9. How Do I Locate My Property Lines?
  10. Three Challenges for Intellectual Property Law Today

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


Link to This Definition
Did you find this definition of PROPERTY AND EQUIPMENT TURNOVER helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary