- Turnover
- Mutual Funds: A measure of trading activity during the previous year, expressed as a percentage of the average total assets of the fund. A turnover ratio of 25% means that the value of trades represented one-fourth of the assets of the fund. Finance: The number of times a given asset, such as inventory, is replaced during the accounting period, usually a year. Corporate: The ratio of annual sales to net worth, representing the extent to which a company can growth without outside capital. Markets: The volume of shares traded as a percent of total shares listed during a specified period, usually a day or a year. Great Britain: total revenue. The New York Times Financial Glossary
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1. ACCOUNTING the amount of business done in a particular period of time, measured by the amount of money obtained from customers for goods or services that have been sold; = SALES:turnover of• The commercial services business unit had an annual turnover of 3.9 billion kronor.
ˌasset ˈturnoverACCOUNTING a company's sales in relation to its assets, calculated to see how efficiently a business uses its assetsˌcapital ˈturnover also inˌvestment ˈturnover ACCOUNTINGthe relationship between the total sales of a business and its share capital. For example, if a business has total sales of £10 million and the share capital was £2 million, the capital turnover is 5:1:• Inferior quality, enormous waste in construction, and slow capital turnover are to be found throughout the industry.
ˌstock ˈturnover also ˌstock ˈturn , ˌinventory ˈturnover ACCOUNTINGthe average value of stock held by a business in relation to the total value of its sales during a year, showing how quickly a business sells its stock:• New book purchases must be based on a stock turn of one year — in other words, the whole print run has to sell out within one year.
2. HUMAN RESOURCES the rate at which workers leave an organization and are replaced by others:• Morale among child-care workers is low, and turnover is more than 40% a year.
• Contract workers have a high turnover rate.
3. COMMERCE the rate at which goods are sold:stock turnover of• Our business success is built on a fast turnover of merchandise.
4. FINANCE the number of shares traded on a stockmarket during a particular period of time, usually a day, or the number of shares traded in a particular company:• Stocks closed 16 per cent lower at 27360 points amid light turnover (= not much trading ) .
• The company's shares gained 20p to 463p on turnover of 1.1 million shares.
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1) The amount of goods or services sold by a company in a given period. Also known as revenue or sales.2) Total volume of trades in a market during a given period.* * *
turnover UK US /ˈtɜːnˌəʊvər/ noun [U]► UK ACCOUNTING the amount of money that a company gets from sales during a particular period: »Group turnover rose 2% in the period, compared with last year.
annual/daily/yearly turnover »The business has an annual turnover of $350,000.
»The company reported a €500,000 loss on turnover of €4.5 million.
overall/total/worldwide turnover »Total turnover for the year amounted to £17 billion.
»first-half/full-year turnover
»high/low/strong turnover
► HR the rate at which employees leave a company and are replaced by new employees: »The company has a staff turnover of around 12% a year.
high/low turnover »Private nurseries tend to have a high turnover of staff.
»sales force/CEO turnover
»forced/voluntary turnover
► COMMERCE the rate at which a store sells and replaces its stock: fast/high/rapid turnover »With the high street's fast turnover, popular fashions often sell out within days.
► FINANCE, STOCK MARKET the total number and value of shares bought and sold on a stock market in a particular period of time: light/heavy turnover »The market dropped in heavy turnover.
»The Trust will generally not exceed a portfolio turnover rate of 100%.
→ See also ASSET TURNOVER(Cf. ↑asset turnover), CAPITAL TURNOVER(Cf. ↑capital turnover), CASH TURNOVER(Cf. ↑cash turnover), EMPLOYEE TURNOVER(Cf. ↑employee turnover), INVENTORY TURNOVER(Cf. ↑inventory turnover), LABOUR TURNOVER(Cf. ↑labour turnover), SALES TURNOVER(Cf. ↑sales turnover), STOCK TURNOVER(Cf. ↑stock turnover)
Financial and business terms. 2012.
