capital turnover

Under his leadership, the company witnessed remarkable growth in both capital turnover and annual sales records.

This would tend to slow down capital turnover of old, inefficient equipment, exactly the opposite effect that is required.'

Unfortunately, these are not isolated cases but the result of an overall transformation of football, which has now become big business, with clubs quoted on the stock exchange and an astronomical capital turnover.

Stock turnover, as well as capital turnover, is an important ratio, reflecting both profitability and liquidity, as does the ratio of sales to debtors These ratios indicate the speed with which stock and debtors are converted into cash, to the benefit of liquidity.