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  2. TURNOVER definition: 1. the amount of business that a company does in a period of time: 2. the rate at which employees…. Learn more.

  3. 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.

  4. Learn the various meanings and uses of the word turnover as a noun, adjective, and verb. See synonyms, examples, word history, and related entries for turnover.

    • 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
  5. Definitions of 'turnover' 1. The turnover of a company is the value of the goods or services sold during a particular period of time. [business] [...] 2. The turnover of people in an organization or place is the rate at which people leave and are replaced. [business] [...] More. English for Special Purposes. in Retail.

  6. 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.

  7. 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.

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