Output-Asset Ratio, an indicator of the effectiveness of the use of the fixed production assets of an enterprise (branch, or economy at large). On the scale of the economy as a whole, the level of the outputasset ratio characterises the volume of the aggregate social product or national 261 income per unit of value (per rouble) of tne operating fixed assets. The efficiency of machinery is characterised by definite indicators (for a turbine it is kw-hrs of generated electricity, for a drilling machine—the metres of headway, in ferrous metallurgy—the average daily output of steel from one square metre of hearth of open-hearth furnace, etc.). Increasing the output-asset ratio is an important economic objective. It directly depends on the hours of operation of the machinery at an enterprise. In this connection, it is important to raise shift-load coefficient, cut down idling time of machines and plant, and rationally use the production premises. In developed socialism, with the increasing time of functioning of the fixed assets it is important to use them intensively, in other words, to raise the technological level of production and increase the use of means of labour per unit of time. The growth of the output-asset ratio directly depends on the efficiency and organisation in the work of the collective, the level of labour discipline and the attitude to work. A higher output-asset ratio is an important way of increasing the efficiency of social production. Asset-output ratio is an inverse indicator of the output-asset ratio. In the economy, the level of the assetoutput ratio characterises the value of the fixed assets per 1 rouble of the aggregate social product or national income. At an enterprise, it is determined by the ratio between the average annual cost of the fixed assets and the cost of products manufactured at the enterprise over the year. The assetoutput ratio is widely used in plan calculations (for instance, when planning the construction of new enterprises, determining the size of additional capital investment to boost production, etc.). There is a reverse dependence between the outputasset ratio and the asset-output ratio: the higher the former (other conditions being equal) the lower the latter, and vice verse.