The figures are based on 1510 non-financial companies for which continuous data is available since fiscal year ending March 1995. Fixed asset turnover ratio is a measure of how effectively companies are able to use their fixed assets --- such as property, plant and equipment --- to generate revenues. It is calculated by dividing net sales by net fixed assets (average of fixed asset numbers at the beginning and end of the year). Low asset turnover ratios indicates that firms are unable to utilize assets effectively to generate sales.