[4] Total asset turnover ratios can be used to calculate return on equity (ROE) figures as part of DuPont analysis.
[6] Companies with low profit margins tend to have high asset turnover, while those with high profit margins have low asset turnover.
Companies in the retail industry tend to have a very high turnover ratio, due mainly to cutthroat and competitive pricing.
Net Sales Revenue Average Total Assets
{\displaystyle {\text{ATO}}={\frac {\text{Net Sales Revenue}}{\text{Average Total Assets}}}}