- We have combined the financial statements of globally-listed non-financial companies into one for the past 23 years
- The average number of companies included in this study was 12,586 per year and as of 2017, it was 17,159
- The asset turnover ratio has averaged 78% and has fallen from a high of 92% to a low of 64% in 2016
- The data in the first decade is not fully comparable as there were considerably fewer companies in the universe at that time
DISCLAIMER: This content is for information purposes only. It is not intended to be investment advice. Readers should not consider statements made by the author(s) as formal recommendations and should consult their financial advisor before making any investment decisions. While the information provided is believed to be accurate, it may include errors or inaccuracies. The author(s) cannot be held liable for any actions taken as a result of reading this article.