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- Dictionaryturn·o·ver/ˈtərnˌōvər/
noun
- 1. the amount of money taken by a business in a particular period: "a turnover approaching $4 million" Similar
- 2. the rate at which employees leave a workforce and are replaced: "high staff turnover left the program with too many young instructors" Similar
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The meaning of TURNOVER is the amount received in sales for a stated period. How to use turnover in a sentence.
Jun 5, 2024 · Turnover is an accounting concept that calculates how quickly a business conducts its operations. The most common measures of corporate turnover look at accounts receivable...
TURNOVER definition: 1. the amount of business that a company does in a period of time: 2. the rate at which employees…. Learn more.
Dec 9, 2022 · “Turnover” is an accounting term that refers specifically to the total sales made by a business over a particular period. This amount—the turnover—will appear on an income statement. Some people also call this “income” or “gross revenue”. Turnover differs from profit, which is a measure of earnings. In business, turnover is an accounting notion.
Definition of Turnover. In accounting, the term turnover can have more than one meaning. In some countries turnover is used in place of sales. Turnover also pertains to certain financial ratios that relate a balance sheet (average) amount to an income statement amount.
Turnover is another word for sales revenue. It’s the money a business receives from selling goods or services over a certain period. If your turnover increases, that’s the same as saying your revenue (or money from sales) has increased.
noun. an act or result of turning over; upset. change or movement of people, as tenants or customers, in, out, or through a place: The restaurant did a lively business and had a rapid turnover. the aggregate of worker replacements in a given period in a given business or industry.
TURNOVER meaning: 1. the amount of business that a company does in a period of time: 2. the rate at which employees…. Learn more.
Jun 30, 2022 · A turnover rate is computed by counting how many times an asset, security, or payment changed hands over a year-long period. Businesses look at annual turnover rates to determine their...
noun. /ˈtɜːnəʊvə (r)/ /ˈtɜːrnəʊvər/ [countable, usually singular, uncountable] turnover (of something) the total amount of goods or services sold by a company during a particular period of time. an annual turnover of $75 million. a fall in turnover. Collocations Business. Extra Examples. Topics Business c1. Oxford Collocations Dictionary.
