Results In A Turnover. Interpretation of Accounts Receivable Turnover Ratio. 75 increase compared to 2019 New strategic partnerships with Chart Industries and Technip Energies leading industrial.
Signing of large-scale commercial contracts in France and Europe for a turnover of 137 million up 20 and firm order intake 1 for 230 million in 2020 ie. In 2019 the group sold 20404 used cars. For example companies that obtain favorable credit terms usually report a relatively lower ratio.
A high inventory turnover may be the result of a very low level of inventory which results in shortage of goods in relation to demand and a position of stock-out or the turnover may be high due to a conservative method of valuing inventories at lower values or the policy of the firm being to buy frequently in small lots.
Assume that a mutual fund has 100 million in assets under management and the portfolio manager sells 20 million in securities during the year. People usually include voluntary resignations dismissals non certifications and retirements in their turnover calculations. Big Motoring World turned over 295m and recorded EBITDA earnings for the year of 11m in 2020 preliminary results show. The dealership group managed to sell 1500 more used cars than the year before with 22000 sold.