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    turnover
    /ˈtəːnˌəʊvə/

    noun

    • 1. the amount of money taken by a business in a particular period: "a turnover approaching £4 million" Similar (gross) revenueincomeyieldvolume of business
    • 2. the rate at which employees leave a workforce and are replaced: "high staff turnover left the program with too many young instructors" Similar rate of replacementcoming and goingchangemovement

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  3. Jun 5, 2024 · Turnover is how quickly a company replaces assets, collects payments, or sells inventory. Learn about different types of turnover ratios, such as accounts receivable, inventory, portfolio, and asset turnover, and why they matter for business efficiency and performance.

    • Will Kenton
    • 2 min
  4. Turnover can mean the amount of business, the rate of employee changes, or a type of pastry. Learn the different meanings and usage of turnover in business, accounting, and commerce with examples and collocations.

  5. 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.

  6. Learn the various meanings and uses of the word turnover as a noun, adjective, and verb. See synonyms, examples, word history, and related entries for turnover.

  7. 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.

  8. Turnover can mean the amount of business, the rate of employee changes, or a type of pastry. Learn how to use this word in different contexts with examples and synonyms.

  9. 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.

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