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.
