Fixed asset accounting involves keeping precise financial records about your company’s capital assets, their value, and their current state. Companies make substantial investments in fixed assets, as they represent the capital of the business and are intended to...
In the construction industry, competition is stiff, no doubt about it. Therefore, doing anything you can to better understand your own company’s performance as well as that of the competitors is a must. This is where key performance metrics like asset turnover and...
Asset turnover is more than just a figure on a balance sheet; it’s a key that helps unlock the secrets of the profitability and productivity of a business. In this article, our goal is to demystify this financial metric by addressing six common questions that often...
If you’re a construction company owner or manager, you might feel inclined to leave all matters related to fixed asset depreciation to your accountant. And your instincts would largely be right, as the accountants and tax advisors should be involved in making...
From assisting you in maximizing the utility of your equipment and navigating tax implications to optimizing financial strategies, fixed asset depreciation assumes various crucial roles within the realm of financial operations. So, it’s definitely worthwhile to...
Asset turnover is an important financial metric that allows companies to determine how efficiently their assets are used to generate revenue. A higher asset turnover ratio signifies better performance, indicating that the company is producing more income for every...
