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- DictionaryTurn·o·ver/ˈtərnˌōvər/
noun
- 1. the amount of money taken by a business in a particular period: "a turnover approaching $4 million"
- 2. the rate at which employees leave a workforce and are replaced: "high staff turnover left the program with too many young instructors"
The meaning of TURNOVER is the amount received in sales for a stated period. How to use turnover in a sentence.
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.
TURNOVER definition: 1. the amount of business that a company does in a period of time: 2. the rate at which employees…. Learn more.
Dec 9, 2022 · In business, turnover is an accounting notion. It works out how fast a company conducts its operations. More often than not, the term helps to understand how fast a business collects cash from accounts receivable. It also measures how quickly a company sells its inventory.
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.
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.
