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Asset Turnover Ratio
The asset turnover ratio measures how efficiently a company uses its assets to generate revenue. It is calculated by dividing total sales by average total assets. A higher ratio indicates better utilisation of assets, while a lower ratio may suggest inefficiencies or underused resources. It is widely used to evaluate operational performance.
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Annual GST Return (BAS)
The periodic Business Activity Statement Australian businesses lodge to report GST and other tax obligations.
ATO (Australian Taxation Office)
Australia's federal revenue collection agency, responsible for tax administration and compliance.
ABN (Australian Business Number)
A unique 11-digit identifier businesses use for tax and invoicing purposes in Australia.
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