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- Dictionaryturnover/ˈtəːnˌəʊvə/
noun
- 1. the amount of money taken by a business in a particular period: "a turnover approaching £4 million" Similar
- 2. the rate at which employees leave a workforce and are replaced: "high staff turnover left the program with too many young instructors" Similar
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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. Many new business owners misunderstand the meaning of turnover, thinking it is the same as profit.
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...
TURNOVER definition: 1. the amount of business that a company does in a period of time: 2. the rate at which employees…. Learn more.
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.
The meaning of TURNOVER is the amount received in sales for a stated period. How to use turnover in a sentence.
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.
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.
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.
TURNOVER definition: 1. how much money a business earns in a period of time 2. the rate at which workers leave an…. Learn more.
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.
