Apple 1995 Annual Report Download - page 62

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Attachment A.
Glossary of Terms
59


Days Sales Outstanding Measure for average
length of time Apple must wait after
making a sale before receiving payment
Net Inventory Turns Number of times average inventory would
be converted into Cost Of Goods Sold
Operating Margin Gross Margin less Operating Expenses
ROCE Return On Capital Employed - After tax
operating profit divided by capital employed
(total assets excluding cash, less current
liabilities plus capitalized operating leases)
Units A precisely defined quantity in terms of which
measurement of quantities of the same kind
(ex. CPU's, Servers, Newtons, Scanners,
Powerbooks, Printers, etc.) can be expressed.