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About: Efficiency     Goto   Sponge   Distinct   Permalink

An Entity of Type : schema:Thing, within Data Space : 75.101.141.105 associated with source document(s)

Type: Thing New Facet based on Instances of this Class

Efficiency in financial management is assessed mainly through efficiency financial ratios. They assess if an organization is using its resources in an efficient way. The main efficiency ratios are: • Inventory Turnover = CoGS/Average Inventory Costs • Accounts Receivable Turnover or collection period = Sales or Net Sales/Average Accounts Receivables • Accounts Payable Turnover = Credit Purchases/Average Accounts Payables