cash turnover ratio
Definition
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).
cash turnover ratio is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
cash turnover ratio appears in the definition of the following term: cash to sales ratio
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