12 2013 Source: Deutsche Bank, Bloomberg Finance LP DM Non Financials Assets/Equity (RHS) Figure 21: EM vs DM non-financials — Asset turnover (%) EM Non Financials Sales/Assets DM Non Financials Sales/Assets 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 2003