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Jun 5, 2024 · Turnover is an accounting term that calculates how quickly a business collects cash from accounts receivable or how fast the company sells its inventory.
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 · Turnover is a lagging indicator, which means it tells you how your company has performed in the past. Profit is a leading indicator, which means it can predict future performance. This means that you may have a negative profit margin, but a high turnover. For example, if your company spends a lot on marketing or inventory, your profits may be ...
turnover: [noun] the amount received in sales for a stated period. the ratio of sales for a stated period to average inventory. a cycle of purchase, sale, and replacement of a stock of goods. movement (as of goods or people) into, through, and out of a place.
What is 'Turnover'. Turnover. Accounting has a term called "turnover" that shows the efficiency of a business. Most of the time, turnover is used to determine how quickly a business gets cash from accounts receivable or sells its inventory. This ratio is known as the inventory turnover ratio. When it comes to investing, a portfolio's turnover ...
TURNOVER meaning: 1. the amount of business that a company does in a period of time: 2. the rate at which employees…. Learn more.
2 meanings: 1. The turnover of a company is the value of the goods or services sold during a particular period of time..... Click for more definitions.
Turnover definition: an act or result of turning over; upset.. See examples of TURNOVER used in a sentence.
turn·o·ver. (tûrn′ō′vər) n. 1. The act or fact of turning over: preventing the turnover of vehicles in accidents. 2. An abrupt change or transfer, as of power or ownership. 3. A small pastry made by covering one half of a piece of dough with a filling, folding the other half over on top, and sealing the edges.
TURNOVER definition: 1. how much money a business earns in a period of time 2. the rate at which workers leave an…. Learn more.
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.
The combined turnover of both businesses has doubled in the last two years. Turnover fell from £12 million to £11 million. Turnover was down compared with last year's figures. A 10% rise in turnover would increase company profits by $3.3 million. Calculate your profit by subtracting your costs from your turnover.
Turnover definition: What does turnover mean? 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. Turnover is a key indicator of a company's operations and success, as it provides an indication of how effectively the company is carrying out its main activities ...
Nov 27, 2014 · Meaning of Turnover – pre Companies Act, 2013: Before the enactment of the Companies Act, 2013, the expression turnover was used to be defined in Old Schedule VI, and also used to be discussed in Guide to Company Audit issued by the Institute of Chartered Accountants of India (ICAI) in the year 1980, Guidance Note on Terms Used in Financial Statements, and Statement on the Companies (Auditors’ Report) Order, 2003. Let’s peruse the definition contained in these frameworks one by one.
When workers leave their jobs and are replaced by other workers, that's turnover. A totally different kind of turnover is a delicious baked good with a sweet filling.
Turnover (definition) 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. Turnover is more frequently used in Europe and Asia, while North Americans tend to ...
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. And because it only considers income generated through your main trading activities, turnover doesn't take into ...
Understanding the meaning of turnover in business is critical in measuring the health of a company and how it performs. Hence, understanding different factors affecting turnover can be crucial when discussing turnover in business. It should, therefore, be taken as a pivotal part of financial assessment and management. It consists of all sales of goods or services. It is a fundamental indicator of a business's financial performance.
Mar 11, 2024 · Definition: Revenue measures the quantity of a product sold in a business in relation to its prices. Turnover looks at the number of times a business uses an element that can generate income. Financial reporting: Many businesses use turnover rates internally as an indicator of efficiency and performance, which is why a business may choose not ...
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 ...
