Revenue ÷ fixed assets: how efficiently plants and equipment generate sales.
What this ratio is
Asset turnover for fixed assets (Fixed Asset Turnover): revenue ÷ fixed assets. How efficiently factories and equipment generate sales.
How to read it
How efficiently factories and equipment are used. Asset-light companies (software) naturally show very high numbers.
Common mistake
Old fixed assets that are fully depreciated on the books inflate the ratio artificially.
Where to see it on the platform
The fundamentals comparison page shows it for each company against the market median, under the "efficiency ratios" family, with five years of history and the trailing 12-month window.