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turnover noun (EMPLOYEES) C2 [ S or U ] the rate at which employees leave a company and are replaced by new people: The large number of temporary contracts resulted in a high turnover of staff. US They've had a lot of turnover at the factory recently. More examples.
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...
The meaning of TURNOVER is the amount received in sales for a stated period. How to use turnover in a sentence.
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.
turnover meaning, definition, what is turnover: the amount of business done during a par...: Learn more.
TURNOVER meaning: 1 : the amount of money that is received in sales by a store or company usually singular; 2 : the rate at which people leave a place, company, etc., and are replaced by others usually singular.
Jun 18, 2024 · To calculate your annual business turnover, add your total sales from all 12 months in the last financial year. If you’re a product-based business, this means the total money you received from the products you sold. Likewise, for a service-based company, your turnover is the total amount you charged for these services.
