Usually means: Measure of company's operational performance.
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We found 6 dictionaries that define the word efficiency ratio:

General (2 matching dictionaries)
  1. efficiency ratio: Dictionary.com
  2. Efficiency ratio: Wikipedia, the Free Encyclopedia

Business (3 matching dictionaries)
  1. INVESTORWORDS (No longer online)
  2. efficiency ratio, Efficiency ratio: Financial dictionary

Tech (1 matching dictionary)
  1. AUTOMOTIVE TERMS (No longer online)

Definitions from Wikipedia (Efficiency ratio)

noun:  The efficiency ratio indicates the expenses as a percentage of revenue (expenses / revenue), with a few variations – it is essentially how much a corporation or individual spends to make a dollar; entities are supposed to attempt minimizing efficiency ratios (reducing expenses and increasing earnings).

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