Search results
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...
The meaning of TURNOVER is the amount received in sales for a stated period. How to use turnover in a sentence.
TURNOVER definition: 1. the amount of business that a company does in a period of time: 2. the rate at which employees…. Learn more.
May 11, 2022 · Company turnover is the total revenue generated by a business in a specific period of time, usually one year. It is sometimes referred to as “sales volume,” “income” or “gross revenue” with all terms meaning more or less the same thing. Many new business owners misunderstand the meaning of turnover, thinking it is the same as profit.
What does turnover mean? Turnover is a concept in accounting that shows how quickly a company runs its business. Usually, turnover is used to determine how quickly a business gets cash from accounts receivable or sells its inventory.
Turnover refers to the total revenue that a company generates through its normal business activities within a certain period, usually within a financial year (annual turnover) or quarter. This includes the sale of goods, products or services before any costs or expenses are deducted.
The turnover of a company is the value of the goods or services sold during a particular period of time. Her annual turnover is around £45,000. The turnover of people in an organization or place is the rate at which people leave and are replaced. Short-term contracts increase staff turnover.
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.
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. Join us.
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. Turnover is more frequently used in Europe and Asia, while North Americans tend to stick to ‘revenue’ or ‘sales’.
