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1. : the amount of money that is received in sales by a store or company. [count] — usually singular. an annual turnover of one million dollars. [noncount] The company had an increase in turnover this quarter. 2. : the rate at which people leave a place, company, etc., and are replaced by others.
Jun 20, 2024 · Key takeaways: Turnover, measured in different contexts, is an important metric to assess a business's profitability, its ability to pay debt, manage inventory and retain employees. Turnover and profit are different: while turnover refers to the total business sales, profit signifies the residual earnings after subtracting major expenses.
Turnover meaning in business. Turnover is the money received from sales. When it goes up, it means you’re bringing in more revenue. When it goes down, you’re bringing in less. Turnover is not your profit, however. You need to pay your production costs and general business expenses out of your turnover before arriving at a profit. The only ...
Jun 30, 2022 · Annual turnover is the percentage rate at which a mutual fund or an exchange-traded fund (ETF) replaces its investment holdings on an annual basis. Turnover is meant to measure either inflows and ...
Mar 14, 2019 · 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 inventories. In the investment industry, turnover is defined as the percentage of a portfolio that is sold in a particular month or year. Turnover.
3 [singular] turnover (of something) the rate at which goods are sold in a store and replaced by others a fast turnover of stock; 4 [countable] a small pie in the shape of a triangle or half a circle, filled with fruit or jelly; 5 [countable] (in football or basketball) an occasion when the team that has the ball loses it to the other team
Turnover meaning in business. Turnover is the money received from sales. When it goes up, it means you’re bringing in more revenue. When it goes down, you’re bringing in less. Turnover is not your profit, however. You need to pay your production costs and general business expenses out of your turnover before arriving at a profit. The only ...
