sales
cost of sales
Gross Profit
Operating Expenses (excluding depreciation)
Depreciation
Operating Income (EBIT)
Interest
Income before income taxes
income taxes
net income
assume inventories were 6000 for 2009
The formula for PPE Turnover is simply total revenue (from the income statement) divided by ending PPE (from the balance sheet):
Ratio that indicates a management's effectiveness in using the firm's property and equipment to generate revenue. Formula: Average total property and equipment in a period ÷ Sales revenue generated in that period.