Chester has an asset turnover of 1.53 (Asset Turnover = Sales/Assets). That means:

Chester has an asset turnover of 1.53 (Asset Turnover = Sales/Assets). That means:

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•  Each $1.00 of assets in the firm generates $1.53 of sales revenue.

•  Every $1.53 of assets in the firm generates $1.00 of sales.

•  Every $1.00 of assets in the firm generates $1.53 of profit.

•  Every $1.53 of profit in the firm comes from each $1.00 of sales.