Digby has an asset turnover of 1.51

Digby has an asset turnover of 1.51 (Asset Turnover = Sales/Assets). That means:

Select: 1

Every $1.00 of assets in the firm generates $1.51 of profit.

Every $1.51 of assets in the firm generates $1.00 of sales.

Every $1.51 of profit in the firm comes from each $1.00 of sales.

Each $1.00 of assets in the firm generates $1.51 of sales revenue.