Turnover Ratio definition

Turnover Ratio means a ratio of the number of times per year that a dollar of assets is reinvested. It should be calculated based on the lesser of purchases or sales of underlying investments of a scheme expressed as a percentage of daily average NAV.
Turnover Ratio means, with respect to any calendar month, an amount, expressed in days, obtained by multiplying (a) a fraction, (i) the numerator of which is equal to the aggregate Outstanding Balance of the Receivables on the first day of such calendar month and (ii) the denominator of which is equal to Collections on the Receivables during such calendar month multiplied by (b) 30.
Turnover Ratio means, with respect to any calendar month, an amount equal to (i) the aggregate Outstanding Balance of all Receivables as of the beginning of such calendar month, divided by (ii) the aggregate amount of Collections from Obligors during such calendar month, multiplied by (iii) 30.

Examples of Turnover Ratio in a sentence

  • Since the Scheme is a new Scheme, Portfolio Turnover Ratio is not available.

  • Portfolio Turnover Ratio (“PTR”) is calculated by taking the average of the acquisition and disposal of the Fund divided by the average fund size.

  • Turnover Ratio is the percentage of a portfolio's securities that have changed over the course of a year: (lesser of purchases or sales)/average market value.

  • Portfolio Turnover Ratio: This being a new Scheme, this is not available.

  • We also verified the computation of the Management Expenses Ratio and Portfolio Turnover Ratio as disclosed in notes 16 and 17 of the financial statements are reasonable.


More Definitions of Turnover Ratio

Turnover Ratio means a ratio calculated based on the lesser of purchases or sales expressed as a percentage over “average net asset value”. For the purposes of this paragraph, “average net asset value” means the net asset value for each day averaged over, as far as possible, the same period used for calculating the expense ratio. Where the ILP sub-fund feeds substantially into another fund, disclose the turnover ratio of the underlying fund and state clearly the period to which the ratio applies.
Turnover Ratio means, with respect to any Settlement Period, an amount, expressed in days, obtained by multiplying (a) a fraction, (i) the numerator of which is equal to the aggregate Outstanding Balance of the Receivables on the first day of such Settlement Period and (ii) the denominator of which is equal to Collections on the Receivables during such Settlement Period multiplied by (b) 30.
Turnover Ratio or “Yield and Servicing Reserve”, (H) amend or modify any defined term (or any defined term used directly or indirectly in such defined term) used in clauses (A) through (G) above in a manner that would circumvent the intention of the restrictions set forth in such clauses or (I) release the lien of the Administrative Agent for the benefit of the Purchasers on all or substantially all of the Receivables; or
Turnover Ratio means an amount, expressed in days, obtained by multiplying (a) a fraction, (i) the numerator of which is equal to the Eligible Receivables Balance as of the last day of the most recent calendar month and (ii) the denominator of which is equal to Collections during such calendar month; times (b) 30.
Turnover Ratio means as of any Monthly Reporting Date and continuing to (but excluding) the next succeeding Monthly Reporting Date, an amount equal to the product of (i) the aggregate Outstanding Balance of all Pool Receivables as of the close of business on the last day of the immediately preceding Monthly Period divided by the aggregate amount of Collections received during such Monthly Period and (ii) 30.
Turnover Ratio means, for a Monthly Period, the product of (a) the quotient of (i) the aggregate outstanding balance of all Billed Receivables as of the last day of the prior Monthly Period, and (ii) the Collection Amount, and (b) 30, except in the case of (x) Monthly Period (July 2005), where it shall mean the product of (a) the quotient of (i) the aggregate outstanding balance of all Billed Receivables as of the last day of the prior Monthly Period, and (ii) the Collection Amount, and (b) 42 and, (y) Monthly Period (August 2005) where it shall mean the product of (a) the quotient of (i) the aggregate outstanding balance of all Billed Receivables as of the last day of the prior Monthly Period, and (ii) the Collection Amount, and (b) 20.
Turnover Ratio means the number of times per year that a lilangeni of assets is reinvested; and is calculated based on the lesser of purchases or sales of underlying investments of a scheme expressed as a percentage of daily average net asset value;