This indicator shows the value in percentage terms about how many times the net invested operating capital (NOIC) is turned due to sales (total invoiced).
It is also called 'investment turnover'. The value indicates how many times 1 euro of net invested operating capital has been converted into turnover to express whether the company has a net invested operating capital (NOIC) capable of generating high levels of turnover. In practice, good turnover of net invested operating capital has positive effects in terms of return on invested capital (Return On Investment).
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MONITORING ENTERPRISE CREDIT RISK: the first Smart XBRL Data Analytics Engine Toolkit for Financial Risk Analysis that facilitate Creditors and Investors in monitoring company's creditworthiness and financial sustainability
