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- 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.
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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.
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 and...
- Will Kenton
- 2 min
Oct 6, 2022 · Put simply, turnover is the total amount of money your business receives from the sale of goods and services – minus discounts and VAT. Turnover is calculated over a specific period of time, usually a quarter or financial year.
May 27, 2024 · Business turnover, also referred to as total revenue, is a financial metric that quantifies the complete amount of money generated by a business through its normal business activities, typically within a specific period, such as a fiscal year.
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”.
Jun 5, 2024 · Annual turnover usually refers to the total income made by a business over a year. It's sometimes also called ' gross revenue ' or 'total sales'. Keep in mind there are some other definitions of annual turnover that don't refer directly to sales.
Apr 28, 2022 · Turnover is a measure of total income from sales, whereas profit is total income minus expenses. For example, if a business makes $100,000 in sales over a year, its annual turnover is $100,000. However, if the cost of materials, labour and all other business expenses is $60,000, then the business’s profit is $100,000 - $60,000 = $40,000.
