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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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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.
TURNOVER definition: 1. the amount of business that a company does in a period of time: 2. the rate at which employees…. Learn more.
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.
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.
Dec 9, 2022 · “Turnover” is an accounting term that refers specifically to the total sales made by a business over a particular period. This amount—the turnover—will appear on an income statement. Some people also call this “income” or “gross revenue”. Turnover differs from profit, which is a measure of earnings. In business, turnover is an accounting notion.
TURNOVER definition: 1. how much money a business earns in a period of time 2. the rate at which workers leave an…. Learn more.
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.
Definition of Turnover. In accounting, the term turnover can have more than one meaning. In some countries turnover is used in place of sales. Turnover also pertains to certain financial ratios that relate a balance sheet (average) amount to an income statement amount.
