The turnover ratios can reflect the firms' speed of fund turnover and time of operating cycle, hence indicate the liquidity.

周转率指标能够反映企业的资金周转速度和营业周期，反映企业的流动性。

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NASDAQ. (Trading is much heavier in Turkey, Thailand and India, where turnover ratios exceed 100%.) In Mexico the buying and selling of just eight stocks accounted for almost two-thirds of all trades in 2004.

ECONOMIST: Shares in emerging economies

Also, trading costs are greatly increased by this large turnover and trading costs are not included in fund expense ratios.

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