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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.
- What Is Turnover?
- Understanding Turnover
- What Is Accounts Receivable Turnover?
- What Is Inventory Turnover?
- What Is Portfolio Turnover?
- Asset Turnover
- The Bottom Line
Turnover is how quickly a company has replaced assets within a specific period. It can include selling inventory, collecting receivables, or replacing employees. It can also represent the percentage of an investment portfolio that is replaced. Turnover might also mean something different depending on the area you're in. For instance, overall turnov...
Turnover ratioscalculate how quickly a business conducts operations. This measures efficiency and how well it is using its resources. Two of the largest assets owned by a business are usually accounts receivable and inventory, if any is kept. Both of these accounts require a significant cash investment, and it is important to measure how quickly a ...
Accounts receivable represents the total dollar amount of unpaid customer invoices at any point in time. Assuming that credit sales are sales not immediately paid in cash, the accounts receivable turnoverformula is credit sales divided by average accounts receivable. The average accounts receivable is simply the average of the beginning and ending ...
The inventory turnover formula, which is stated as the cost of goods sold (COGS)divided by average inventory, is similar to the accounts receivable formula. When you sell inventory, the balance is moved to the cost of sales, which is an expense account. The goal as a business owner is to maximize the amount of inventory sold while minimizing the in...
Turnover is a term that is also used for investments. In this context, turnover measures the percentage of an investment portfolio that is sold in a set period. For instance, assume a mutual fund has $100 million in assets under management, and the portfolio manager sells $20 million in securities during the year. The rate of turnover is $20 millio...
The asset turnoverratio measures how well a company generates revenue from its assets during the year. Asset Turnover=Total SalesBeginning Assets +Ending Assets2where:Total Sales=Annual sales totalBeginning Assets=Assets at start of yearEnding Assets=Assets at end of year\begin{aligned} &\text{Asset Turnover} = \frac{ \text{Total Sales} }{ \frac { ...
Turnover can be either an accounting concept or an investing concept. In accounting, it measures how quickly a business conducts its operations. In investing, turnover looks at what percentage of a portfolio is sold in a set period. A business will have many types of turnover to measure, but the most common are inventory and accounts receivable. Ac...
- Will Kenton
- 2 min
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.
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.
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.
Dec 9, 2022 · Turnover is a measurement used in business that gives an indication of a company’s performance in a specific area. Turnover often equates to the sum of a company’s sales. This is the most common use of the term “turnover” in business.
