Home > Term: cash turnover ratio
cash turnover ratio
Indicates a firm's efficiency in its use of cash for generation of sales revenue. It is the inverse of cash-to-sales ratio. Formula: Sales revenue (at the end of a period) ÷ average cash balance (in the same period).
- Part of Speech: noun
- Industry/Domain: Accounting
- Category: General accounting
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- anton.chausovskyy
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