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turnover Definition

turn·over (tʉrn′ō′vər)

noun

  1. the act or an instance of turning over; specif.,
    1. an upset
    2. a change from one use, side, opinion, management, etc. to another
  2. a small filled pastry made by folding one half of the crust back over the other half and sealing it
    1. the number of times a stock of goods is sold and replenished in a given period of time
    2. the amount of business done during a given period of time in terms of the money used in buying and selling
    3. the number of shares sold in a stock market during a given period of time
  4. the rate at which workers in a company, patients in a hospital, etc. are replaced
  5. ☆ Basketball, Football a loss of possession of the ball by a team due to a mistake or error

adjective

that turns over a turnover collar

turnover Finance Definition
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 company’s annual sales or revenues, which is a common use of the term in the United Kingdom.

turnover Usage Examples

Converse of object

  • advised: We Are Advised The Current Net Turnover For 2005 Was In Order Of £ 85,000.
  • generate: In the year 2003, SPAR generated a turnover of approximately ⬠6.8 billion for the group with 33, 345 employees.
  • boast: The company was set up in 2002, employs 22 people and boasts a turnover of £ 1.1m.
  • reduce: Reducing staff turnover has a potential to be a major source of reducing costs.
  • expect: The latest poll also found nearly one in five respondents expects turnover to grow by more than 15 % .

Adjective modifier

  • taxable: The total value of your taxable supplies ( see ' Start of business ' above ) is called your taxable turnover.
  • annual: Its annual turnover is in the region of £ 250 million.
  • combined: They had an estimated combined turnover of £ 178 billion.
  • 1m: In 2003, company membership was £ 200 per £ 1m turnover, plus VAT, capped at £ 1bn.
  • estimated: They had an estimated combined turnover of £ 178 billion.
  • projected: Say, that we'd understated our projected turnover this year by a million quid or so.

Modifies a noun

  • threshold: The annual turnover threshold of £ 1 million does not have to come entirely from construction work.

Noun used with modifier

  • multi-million: This role is due to expansion of an already well established successful company with a multi-million turnover.
  • labor: Labor turnover rates in the Tees Valley are a third of the national average.
  • bone: The use of biochemical markers of bone turnover in osteoporosis.
  • staff: High staff turnover can be the result of many factors.
  • pound: This go-ahead company now employs over 35 full-time staff and has a multimillion pound turnover.

Preposition: in

  • excess: Today the company has a turnover in excess of £ 12m per annum.

Preposition: of

  • euros: This would create a business with a turnover of 9bn euros.

Preposition: per

  • annum: Turnover per annum is in excess of $ 10m.

Browse dictionary entries near turnover

  1. ‹ turnout
  2. ‹ turnoff
  3. ‹ turnkey
  4. ‹ turnip
  5. ‹ turning point
  6. ‹ turning
  7. ‹ turnery
  8. ‹ Turner, Ted
  9. ‹ Turner's syndrome
  10. ‹ turner
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