Turnover ratio is also called performance ratio. Activity ratios highlight the operational efficiency of the business concern. The term operational efficiency refers to effective, profitable and rational use of resources available to the concern. In order to examine the judicious utilization of resources as well as the wisdom and farsightedness in observing the financial policies laid down in this regard, certain ratios are computed and they are collectively called turnover or activity or performance ratios. This paper determines the performance analysis of 32 selected manufacturing firms in India over the period of 2007 - 2008 to 2016 – 2017.The results revealed that the performance of manufacturing companies is satisfactory.

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Keywords: Performance, Activity, Turnover, Manufacturing, Firms, India.