Asset, Fixed

Fixed assets are assets that are not to be sold to customers, cannot be quickly converted to cash and are used to create economic benefit by use in the production or service process in the longer term. Examples of fixed assets include land, buildings, plant and equipment. Many capital-intensive companies measure their performance based on the return achieved on the capital employed in the business, and fixed assets would form a part of the capital employed. See also Asset, Current.

« Back to Glossary Index

Discover the world’s largest Glossary of Procurement terms

With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.