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Profitability Ratios
Chapter 5
8
Accounting
Undergraduate 3
10/21/2013
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Cards

Term
Asset turnover
 Definition
Net sales / Average total assets
Term
Receivables tunover
 Definition
Net sales / Average accounts receivable
Term
Average collection period
 Definition
365 / Receivables turnover ratio
Term
Inventory turnover
 Definition
COGS / Average inventory
Term
Average days in inventory
 Definition
365 / Inventory turnover ratio
Term
Profit margin on sales
 Definition
Net income / net sales
Term
Return on assets
 Definition
Net income / Average total assets
Term
Return on shareholder's equity
 Definition
Net income / Average shareholder's equity
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