My guess is that the term "damping factor" was at some time in the past appropriated by audio manufacturers for marketing purposes. The term is defined in automatic control system theory where as the product of the damping ratio and the natural undamped frequency. The damping factor is the distance in the left half of the s or plane along the real axis. It is a term specified wholly in terms of mathematics and is completely generic. It's application is in determining the transient response of a system to a step imput and requires that the system first be expressed in terms of a characteristic equation. Factors that are found in a typical electromechanical system include the torque constant, load intertia, amplifier gain, armature resistance, back emf constant etc, acted upon by appropriate factors.
In short, damping factor as it is understood by engineers in all disciplines is not reduced to a simple ratio of two numbers. Since the term has an actual scientifically accepted meaning, my guess is that the term was appropriated to lend scientific status to what someone was trying to sell.
That all being said, knowing the input and output impedances of the components of a home audio system is helpful in choosing which items to connect together in a system, how to connect the items, and how to avoid or address problems.
In short, damping factor as it is understood by engineers in all disciplines is not reduced to a simple ratio of two numbers. Since the term has an actual scientifically accepted meaning, my guess is that the term was appropriated to lend scientific status to what someone was trying to sell.
That all being said, knowing the input and output impedances of the components of a home audio system is helpful in choosing which items to connect together in a system, how to connect the items, and how to avoid or address problems.