Turnover ratio

Turnover ratio

A measure of a fund's trading activity that is computed by taking the lesser of all (i) purchase transactions and (ii) sales transactions, in each case excluding all transactions in securities with less than a year to maturity, and dividing by the fund's average monthly net assets. The resulting percentage loosely represents the percentage of the portfolio's holdings that have changes over the past year.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Financial services
Category: Funds
Company: Merrill Lynch
Product:
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Related terms

turnover ratio

Financial services; Funds

A measure of a fund's trading activity that is computed by taking the lesser of all (i) purchase transactions and (ii) sales transactions, in each case excluding all transactions ...

receivables turnover ratio

Financial services; General Finance

Total operating revenues divided by average receivables. Used to measure how effectively a firm is managing its accounts receivable.

fixed asset turnover ratio

Financial services; General Finance

The ratio of sales to fixed assets.

cash turnover ratio

Accounting; General accounting

Indicates a firm's efficiency in its use of cash for generation of sales revenue. It is the inverse of cash-to-sales ratio. Formula: Sales revenue (at the end of a period) ÷ ...

asset turnover ratio

Accounting; General accounting

The mathematical result of sales revenues divided by average total assets during the period of the sales.

Turnover

Advertising; Marketing communications

The frequency with which the audience for a broadcast pro- gram changes over a period of time

buy fund symbol

Financial services; Funds

The fund symbol that you are buying when entering a mutual fund exchange.

buy order(purchase)

Financial services; Funds

In securities trading, an order to a brokerage firm/broker to purchase a specified quality of a security at the market price or limited price.

buy put

Financial services; Funds

An option contract that gives the holder the right to sell the underlying security at a specified price for a certain, fixed period of time.

buy stop order(purchase)

Financial services; Funds

Buy order that is entered at a price above the current offering price and becomes a market order when the current market price touches or goes through the buy stop price.