turnover Hear it!

turnover definition - finance
A ratio that shows how often an asset is replaced, which indicates how vibrant business activity is. Some common turnovers are accounts receivable turnover and inventory turnover.

Turnover also may be used to refer to a companyÂ’s annual sales or revenues, which is a common use of the term in the United Kingdom.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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