The following is my answer to a Quora question: “Can you explain net worth and turnover in simple words?”
Net worth is merely the value of the accumulated assets of a natural person or legal person, less any liabilities. It is everything you own less anything you owe. It is possible to have a negative net worth.
Turnover is the receipt of sales for a certain period as a percentage of
inventory. It calculates the percentage
of portfolio sold within a set period.
No comments:
Post a Comment
Thank you for taking the time to share our thoughts. Once approved, your comments will be poster.