What is the definition of Property and equipment turnover? | Dictionary.net

PROPERTY AND EQUIPMENT TURNOVER

\pɹˈɒpəti and ɪkwˈɪpmənt tˈɜːnə͡ʊvə], \pɹˈɒpəti and ɪkwˈɪpmənt tˈɜːnə‍ʊvə], \p_ɹ_ˈɒ_p_ə_t_i_ a_n_d ɪ_k_w_ˈɪ_p_m_ə_n_t t_ˈɜː_n_əʊ_v_ə]\

Definitions of PROPERTY AND EQUIPMENT TURNOVER

1910 - Black's Law Dictionary (2nd edition)

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This is the ratio between the equipment used and the turnover acquired by a business. The formula is the average total of equipment and property used in aperiod and the sales taht is generated in the same period.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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