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1. a (1) : the amount received in sales for a stated period. (2) : the ratio of sales for a stated period to average inventory. (3) : a cycle of purchase, sale, and replacement of a stock of goods. b. : the number of persons hired within a period to replace those leaving or dropped from a workforce.
Jun 5, 2024 · Turnover is an accounting concept that measures how quickly a business either collects cash from accounts receivable or sells its inventory. Learn why it matters.
Jun 3, 2024 · Employee turnover is the percentage of employees that leave your organization during a given time period. Organizations typically calculate turnover rates annually or...
Mar 16, 2023 · Revenue and turnover are financial values that relate to a company's ability to earn money. Although these terms often describe similar ideas and can be interchangeable in some contexts, there are important differences in meaning and function.
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.
May 11, 2022 · Turnover is a measure of how much money your company is bringing in while profit is a measure of how much money your company is keeping. Turnover is a lagging indicator, which means it tells you how your company has performed in the past.
Jan 26, 2023 · How Overall Turnover Works. In the United States, companies use revenue or sales to describe turnover. If the overall inventory turnover for an American manufacturing company is 10, it means that...
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.
Jun 18, 2024 · What is annual turnover? Annual turnover is the total income your business makes over one financial year. It's also known as gross revenue or total sales. It combines all the money you've received from selling products or services over a year. Why is annual business turnover important?
Jun 30, 2022 · Annual turnover is the percentage rate at which a mutual fund or exchange-traded fund replaces its investment holdings on an annual basis.
